Annual General Meeting of ProCredit Holding approves dividend of EUR 0.18 per share

ProCredit Holding AG & Co. KGaA (ProCredit Holding), based in Frankfurt am Main, Germany, which is the parent company of the development-oriented ProCredit group consisting of commercial banks for small and medium enterprises (SMEs) and whose operational focus is on South Eastern and Eastern Europe, held its Annual General Meeting for 2021 yesterday. In view of the ongoing COVID-19 pandemic, the Annual General Meeting was held as a virtual general meeting, as in the previous year. (more…)

ProCredit with significant portfolio growth and improved consolidated result in first quarter of 2021 building on solid 2020 financial year

• Growth in customer loans by 3.0% and in customer deposits by 2.5% underscore the group’s strong positioning as reliable partner for SMEs and its growing foothold as a transparent direct bank for private clients
• Green loan portfolio exceeds the EUR 1 billion mark for the first time and now accounts for 18.8% of the total loan portfolio
• Annualised cost of risk at 27 basis points, below previous year’s level; credit risk indicators remain solid
• Cost-income ratio at 64.8% slightly below the guidance corridor of 65% – 68% for the year as a whole
• Consolidated result of EUR 15.6 million represents improved return on equity of 7.9%; positive result contribution from all ProCredit banks (more…)

The ProCredit group completes a challenging 2020 financial year with significant portfolio growth and a robust financial result

• Growth in customer loans of 9.5% and in customer deposits of 13.0% in 2020 underlines the group’s strong positioning as a reliable partner for SMEs
• Portfolio growth mainly driven by investment loans and green loans
• Cost-income ratio at 68.0% continued to improve; overall, cost of risk below original expectations
• Consolidated result of EUR 41.4 million corresponds to a return on equity of 5.3% and demonstrates the solidity of the business model
• Impact Report highlights the central role of ESG in the group’s positive results and presents the considerable progress the ProCredit group has made in the area of sustainability
• Portfolio growth around 10% and further improvement in cost-income ratio and return on equity expected for 2021, subject to the recovery of the global economy
• Dividend proposal of EUR 0.18 per share, with the intention to propose distribution of a further dividend of EUR 0.35 in Q4 2021 (more…)

ProCredit group’s profitable growth continues in third quarter

• Strong 8.5% increase in customer loan portfolio since the beginning of the year; customer deposits grow by 8.9%
• Consolidated result of EUR 33.4 million corresponds to an annualised return on equity of 5.6% with stable operating expenses and a significant improvement in earnings before tax and cost of risk
• Annualised cost of risk of 56 basis points, with non-performing loans stable at 2.3% and a 98.5% ratio of allowances to credit-impaired loans
• Solid capital base with Common Equity Tier 1 ratio (CET1 fully loaded) of 14.1%
• Decision on proposal for the appropriation of profit for the 2019 financial year (more…)

Solid H1 result and strong growth figures – ProCredit group raises growth forecast for 2020

• Higher-than-expected 5.3% increase in customer loan portfolio in H1 – Management Board raises growth forecast for the full year to between 8% and 10%
• Annualised cost of risk of 67 basis points in line with expectations, with good portfolio quality
• Consolidated result of EUR 21.7 million corresponds to an annualised return on equity of 5.5% with stable expenses and a significant improvement in earnings before risk costs (more…)

International Finance Corporation and ProCredit deepen their cooperation to support SMEs in nine emerging economies during the corona crisis

• IFC is making USD 100 million available to SMEs through the ProCredit group
• The target countries are Albania, Bosnia and Herzegovina, Ecuador, Kosovo, Moldova, North Macedonia, Romania, Serbia and Ukraine
• The financial resources are aimed at providing SMEs with short-term access to additional working capital (more…)

Management Board of ProCredit General Partner AG expanded to include Dr Gian Marco Felice // Dr H.P.M. (Ben) Knapen elected to the Supervisory Board as successor to Jasper Snoek

• In the Management Board of ProCredit General Partner AG, Dr Gian Marco Felice is responsible for the areas IT, business support, environmental management and impact reporting
• The Management Board thus consists of Sandrine Massiani, Dr Gabriel Schor and Dr Gian Marco Felice
• At the 2020 Annual General Meeting, Dr H.P.M. (Ben) Knapen was elected to the Supervisory Board as successor to Jasper Snoek (more…)

ProCredit group closes Q1 2020 with portfolio growth and an improved financial result

• Customer loan portfolio growth of 0.9%
• Compared to the previous year, the consolidated result increased by EUR 3.0 million to EUR 13.7 million, the return on average equity stood at 7.0%
• Cost of risk of 57 basis points is in line with expectations and reflects the deteriorated macroeconomic environment
• Cost-income ratio improved significantly to 64.6% (more…)

ProCredit group achieves good growth and solid financial results in 2019

• Customer loan portfolio grows by 10.3%, customer deposits by 14.2%
• Consolidated result of EUR 54.3 million at the upper end of the forecast corridor
• Consolidated result also reflects expenses from the successfully completed restructuring measures that were planned at the beginning of the year
• Progress in achieving group-wide SDG targets published separately today in Impact Report 2019 (more…)