The Supervisory Board of ProCredit Holding AG has appointed Mr Christoph Beeck and Mr George Chatzis as members of the Management Board for three years with effect from 1 April 2024. (more…)
A law formally ratified by the Ukrainian President on 06 December 2023 that raises the profit tax rate for banks from 18% to 50% for 2023 and will prohibit banks from applying losses from previous years to the current year’s profit will have no impact on the group outlook for the 2023 financial year as of the current date. Also through this law a permanent increase of the tax rate on bank profits to 25% is to be implemented from 2024 onwards. Despite the financial impact of these changes on ProCredit Bank Ukraine, the Management Board confirms the FY 2023 and medium-term outlook for the ProCredit group. (more…)
The parent company of the development-oriented ProCredit group has successfully completed the transformation of its legal form into that of a stock corporation (AG). The conversion was completed with today’s entry of ProCredit Holding AG in the commercial register (27 September 2023). Beforehand, the Annual General Meeting held on 5 June 2023 had already resolved to approve the change in legal form with a very large majority. The conversion into a stock corporation is intended to further enhance investor acceptance, especially among international market participants, while at the same time simplifying the corporate structure. The business focus of ProCredit Holding, and in particular its emphasis on South Eastern and Eastern Europe and its commitment to impact orientation, will remain unchanged. (more…)
The Supervisory Board of ProCredit Holding AG & Co. KGaA (ProCredit Holding) and Ms Sandrine Massiani have agreed that Ms Massiani’s Management Board contract will end on 31 December 2023.
Ms Massiani is currently a member of the Management Board of ProCredit General Partner AG, the general partner of ProCredit Holding, and is responsible for Human Resources and Fraud Prevention/Compliance/AML. Ms Massiani will depart from the Management Board by mutual agreement at the end of 2023. (more…)
The ProCredit group, which is mainly active in South Eastern and Eastern Europe, inaugurated ProEnergy, its own solar PV park, in Lipjan near Pristina in Kosovo today. The 3 MWp photovoltaic park was initiated and implemented as a joint project between ProCredit Bank Kosovo, which also provided the financing, and its parent company, ProCredit Holding. Through this project, ProCredit aims to contribute to changing Kosovo’s energy landscape, building local know-how, and stimulating further private investment. At the same time, the project represents an important milestone for the development-oriented ProCredit group in achieving climate neutrality, a goal that it has been working towards since 2018. (more…)
ProCredit Holding AG & Co KGaA (ProCredit Holding), the parent company of the development-oriented ProCredit group, today announced that the World Bank Group’s Multilateral Investment Guarantee Agency (MIGA) has significantly increased a guarantee for ProCredit Holding which has been in place since 2020. (more…)
ProCredit Holding AG & Co KGaA (ProCredit Holding), the parent company of the development-oriented ProCredit group, held its Annual General Meeting for 2023 today. After holding purely virtual general meetings over the past three years, this was the first time that the event was held with physical attendance again.
A total of 76.50% of the share capital was represented. The Annual General Meeting approved by a large majority all of the proposals that were put to the vote. (more…)
The Supervisory Board of ProCredit General Partner AG, the general partner of ProCredit Holding AG & Co. KGaA, decided to appoint Ms Eriola Bibolli as a member of the Management Board of ProCredit General Partner AG for three years, with effect from 1 June 2023. In this context, Ms Bibolli will assume responsibility within the Management Board as Chief Risk Officer (CRO) for the group’s overall risk management from 1 July 2023. (more…)