ProCredit Holding AG & Co. KGaA (ProCredit) seeks to amend the terms and conditions of a part of its outstanding debt instruments, either by majority resolutions of the respective holders or by contractual agreements. (more…)
• Result of EUR -1.7 million driven by EUR 35.3 million provisions for Ukrainian loan portfolio
• Underlying profitability in all other countries of operation further increased
• Growth in loans of 1.8%, portfolio quality remains strong with a low level of 2.3% credit impaired loans
• Cost-income ratio improves by 5.7 percentage points to 59.1% as operating income increases by 24% compared to Q1 2021
• Largest segment South Eastern Europe achieves significant increase in return on equity to 12.2%
• Prudent capital base with CET1 ratio (fully loaded) of 13.4% and leverage ratio of 9.2% (more…)
• Publication of the Impact Report Package for the 2021 financial year
• CO₂ emissions reduced by 56% since 2018
• Portfolio share of green loans to clients at 19%, saving 324.5 kilotonnes of CO₂
• Development impact highlighted by low default rates of SME clients and high loan portfolio quality throughout the pandemic
• Further expansion and group-wide promotion of e-mobility
• Stricter exclusion criteria in lending
• EU Taxonomy provides tailwind for the financing of sustainable investments
• Ukraine: Support for employees and continued operations (more…)
• Increase in result of 92% to EUR 79.6 million despite challenging market environment; return on equity of 9.7% on level of medium-term target of approximately 10%
• Strong growth in loans of 12.8% and deposits of 13.1%
• Very solid capital base with CET1 ratio (fully loaded) of 14.1% and leverage ratio of 9.3%
• War in Ukraine leading to limited ability to forecast FY 2022 metrics; decision to propose to General Meeting to carry forward full amount of retained earnings for FY 2021
• Management reiterates the strategic benefits of the group’s long-term, impact-oriented business model and confirms the group’s medium-term targets (more…)
The Management Board of ProCredit General Partner AG, the sole managing entity of ProCredit Holding AG & Co, has been expanded to four members. (more…)
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 and whose operational focus is on South Eastern and Eastern Europe, held an Extraordinary General Meeting yesterday. In view of the ongoing COVID-19 pandemic it was held as a virtual event, as were other recent General Meetings. (more…)
• Increase in result of 86% to EUR 62.0 million; return on equity of 10.1% in line with the medium-term forecast of around 10%
• Significant growth in customer loans of 10.4% and customer deposits of 7.6% since the beginning of the year
• Scaling effects reflected in strong improvement of cost-income ratio to 62.4% (9M 2020: 66.5%)
• Risk costs at the low level of 8 basis points thanks to further improvements in credit risk indicators
• Return on equity for the 2021 financial year as a whole is expected to be at the upper end of the increased forecast range of 8.0 – 9.5%; cost-income ratio is likely to not exceed 65%
• Extraordinary General Meeting on 8 December 2021 to decide upon the already announced further dividend payment proposal of EUR 0.35 per ordinary share for the 2020 financial year (more…)
• Market position as a reliable bank for SMEs in Eastern and South Eastern Europe, with targeted promotion of environmentally sound investments as well as sustainable and impact-oriented banking practices
• Medium-term return on equity target of approximately 10% within reach; additional scaling effects expected to consolidate profitability further
• Management Board highlights competitive advantages and scaling potential; Management of ProCredit Bank Bulgaria presents local insights
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• Standardised approach to measuring and disclosing greenhouse gas emissions associated with own loan and investment portfolio to be rolled out across the group
• The Partnership for Carbon Accounting Financials (PCAF) is a global industry initiative to standardise the measurement and disclosure of greenhouse gas emissions for the financial sector. With more than 140 banks and investors from five continents, the initiative continues to grow in North America, Latin America, Europe, Africa and Asia Pacific. (more…)
• Growth in customer loans by 7.7% and in customer deposits by 2.5%
• Increase in profit after tax by 68%; consolidated result of EUR 36.4 million represents return on equity of 9.1%
• Decrease in provision expenses leads to annualised cost of risk of 10 basis points, with improvement in portfolio quality
• Increase in net interest income results in significant improvement of cost-income ratio to 64.4%
• As communicated in July, Management Board raises forecast for return on equity for 2021 to 8.0% – 9.5%
• First Capital Markets Day to be held virtually on 12 October 2021 (more…)