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…)