Frankfurt am Main, ProCredit group in 2024 with record business growth and good financial performance

  • Loan growth of EUR 784 million the strongest in the group’s history; deposits grow by a record EUR 1.0 billion
  • Group delivers on strategic priorities: loan growth primarily in lower-volume segments; strong growth of smaller banks; granular deposit growth from private clients
  • Group result of EUR 104.3 million corresponds to RoE of 10.2%
  • Strategic growth investments driving temporarily higher cost-income ratio of 68.1%
  • Outlook for RoE in 2025 of around 10%; medium-term guidance with RoE of around 13-14% confirmed amid good progress in the group’s scaling strategy
  • ProCredit Holding increases capital at ProCredit Bank Ukraine by EUR 20 million, with new investment insured under umbrella of German investment guarantee scheme, strengthening positioning for any upside scenario in the country
  • Management Board intends to propose dividend of EUR 0.59 per share (1/3 of consolidated result) for FY 2024

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Frankfurt am Main, “We recognise the immense potential of the female economy”

International Women’s Day on 8 March gives us the opportunity to reflect on the significance of women’s empowerment. We talked to Katarina Zdraljevic, our Co-Head of Group Sustainability, about the underrepresentation of females in the global economy, the needs of women-led businesses and the opportunities for the ProCredit group with regard to the empowerment of women. (more…)

Frankfurt am Main, ProCredit 9M result: strong loan portfolio growth in line with group ambitions for increased scale

  • Loan portfolio grows by a strong 9.0%, with smaller-volume segments of private, micro and small business clients as the main driver
  • Deposits grow by 7.8% and the number of clients by 7.4%, underlining good progress in the group’s growth trajectory
  • 9M profit of EUR 84.8 million corresponds to a return on equity of 11.3%
  • Good level of profitability as +9.8% increase in operating income and low cost of risk of 8 bps balance strong investments; increased cost-income ratio
  • Updated FY 2024 guidance on selected metrics: loan growth, cost-income ratio and return on equity
  • 1/3 of year-end result earmarked for dividend payout in 2025

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Frankfurt am Main, ProCredit H1 result marked by strong loan growth and good profitability

  • Loan portfolio grows by 6.9%, with relevant contribution from all segments
  • Deposits grow by 4.1%; private clients as main driver
  • Number of customers increases by 5.0%, demonstrating good progress in group’s growth trajectory
  • Strong business growth based on foundations laid in recent years
  • Good profitability with return on equity of 11.6%
  • Financial result of EUR 57.6 million on the back of +14.6% increased operating income and low cost of risk of 18 bps
  • 1/3 of half-year result (approx. EUR 0.33 per share) accrued for next year dividend purposes and reflected in comfortable CET1 ratio of 14.3%

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Frankfurt am Main, ProCredit with strong Q1 result and good start into the year

  • Result of EUR 33.5 million corresponds to a return on equity of 13.4%
  • Loan portfolio grows by 3.0%, with good contribution from all segments
  • Deposits grow by 2.8%; private clients as major driver in line with updated business strategy
  • Net interest margin of 3.7%, around 25 basis points higher than in Q1 2023; cost-income ratio at 61.7%
  • Cost of risk at low level of 2 basis points, as result of stable loan portfolio quality and conservative risk profile
  • CET1 ratio at 14.3%, reflecting steady capitalisation amid strong balance sheet growth during the period
  • Dividend proposal to AGM in June 2024: EUR 0.64 dividend per share, in line with dividend policy

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