Description of shareholders holding more than 5% of the company’s share capital:


Zeitinger Invest

Zeitinger Invest GmbH is a family business headquartered in Frankfurt am Main. The company emerged from the consulting firm Internationale Projekt Consult GmbH (IPC) in 2016 and is the main shareholder and strategic investor in the ProCredit group. Zeitinger Invest is wholly owned by the Zeitinger family, which is fully committed to the European ideal and its humanistic values.

Since 1980, the company has been active in the field of international development cooperation and has promoted entrepreneurship and sustainable development within the framework of consulting assignments and participations. Zeitinger Invest GmbH has limited itself to strategic participation in ProCredit Holding since 2016 and has dedicated itself to ensuring high professional and ethical standards.

As a founding shareholder of ProCredit Holding, Zeitinger Invest focuses on building target group-oriented financial institutions in developing and emerging markets. This focus is firmly grounded on the belief that professional, fair and transparent financial institutions vitally contribute to the economic foundation for sustainable development in these markets. An increased focus on the specific needs of small and medium-sized enterprises is a basic prerequisite for the emergence of a stable, self-confident and critically questioning middle class, as well as for a functioning democracy. It is only when societies are successful in establishing such a middle class that they are able to meet the constantly changing demands of today’s society in a socio-ecological and entrepreneurially creative manner.



KfW is one of the world’s leading and most experienced promotional banks. Established in 1948 as a public law institution, KfW is owned 80 per cent by the Federal Republic of Germany and 20 per cent by the federal states (“Länder”). KfW Development Bank is Germany’s leading development bank and an integral part of KfW. It carries out Germany´s Financial Cooperation (FC) with developing countries on behalf of the Federal Government. The 600 personnel at headquarters and 370 specialists in its 68 local offices cooperate with partners all over the world. Its goal is to combat poverty, secure the peace, protect the environment and the climate and make globalisation fair. KfW is a competent and strategic advisor on current development issues.


DOEN Participaties BV is an impact investment company that was established more than 20 years ago. To achieve its goal of a green, social and creative world, DOEN Participaties BV invests in innovative early stage social enterprises, investment companies and funds with a clear social or green mission around the world. The investments are characterised by high targeted social and environmental impact, strong entrepreneurship, innovation and scalability. DOEN Participaties BV is fully owned and managed by the Dutch DOEN Foundation (DOEN). DOEN is an independent foundation that has been set-up by the three Dutch Charity Lotteries (Nationale Postcode Loterij, VriendenLoterij and BankGiro Lottery) and receives annual financial contributions under long-term contracts.



IFC, a member of the World Bank Group, is the largest global development institution focused on the private sector in emerging markets. Working with 2,000 businesses worldwide, we use our six decades of experience to create opportunity where it’s needed most. In FY16, our long-term investments in developing countries rose to nearly $19 billion, leveraging our capital, expertise and influence to help the private sector end extreme poverty and boost shared prosperity. For more information, visit



Teachers Insurance and Annuity Association of America (TIAA), directly or acting through its wholly owned subsidiary TIAA Global Asset Management (TGAM), manages over $889 billion in assets on behalf of over 5 million individual investors, 16,000 institutional clients and over 120,000 advisors and consultants.

TIAA was founded in 1918 to serve the financial needs of educators, healthcare providers, researchers and non-profit workers in retirement. Since then, the breadth and depth of TIAA’s asset management capabilities has expanded, making TIAA, directly or acting through TGAM, one of the largest money managers in the world. Through TGAM’s framework of affiliates, each with its own specialty, TIAA offers a wide range of retail and customized investment products and strategies. TIAA is the award-winning manager of traditional investments, including highly-ranked U.S. and international equity and fixed income funds, target date funds and index funds. TIAA is an industry leader in responsible investing with a full suite of ESG products making it possible for investors to build a well-diversified socially responsible portfolio. TIAA is a preeminent alternatives manager, with unparalleled expertise in global commercial real estate, agriculture, timber and infrastructure investing.

Most importantly, TIAA and TGAM are committed to providing great service to all of our clients and to our founding mission of helping investors achieve their long-term financial goals.

Shares in ProCredit Holding are also held by

Pc Staff Invest



ProCredit Staff Invest is an investment vehicle whose operations are managed by ProCredit Staff Invest Beteiligungs GmbH. Through participations in ProCredit Staff Invest GmbH & Co. KG, a group of individuals, consisting mostly of current and former employees of the ProCredit group, indirectly holds shares in ProCredit Holding AG & Co. KGaA. By investing in ProCredit Staff Invest, employees of the ProCredit group have been able to participate in the economic success of the group since 1998.


Find out more about our shareholder structure here.