Corporate news

Frankfurt am Main, The ProCredit group achieves strong results in the third quarter

• Consolidated result of EUR 44.0 million since the beginning of the year (9M 2018: EUR 40.9 million) well in line with expectations
• Significantly improved result in the third quarter to EUR 21.1 million (Q2 2019: EUR 12.2 million; Q1: EUR 10.7 million), among other factors attributable to strong increase in net interest income
• Strong growth in customer deposits of EUR 348 million or 9.1% since the beginning of the year (9M 2018: 2.8%)
• Continued solid growth in the gross loan portfolio of 8.3% or EUR 360 million since the beginning of the year
• Full-year forecast confirmed (more…)

Frankfurt am Main, ProCredit Holding AG & Co KGaA announces the successful sale of Banco ProCredit Colombia S.A.

Following approval by the Financial Superintendence of Colombia, ProCredit Holding completed the sale of its Colombian subsidiary to Créditos y Ahorros Credifinanciera S.A. on 16 October 2019. Banco ProCredit Colombia S.A. was sold according to the terms outlined by ProCredit Holding in the Q1 financial report in May 2019. The overall financial impact of the transaction, which will be fully realised in Q4 2019, is in line with expectations. Against this background, ProCredit confirms the forecast issued for the 2019 financial year. (more…)

Frankfurt am Main, ProCredit Holding AG & Co. KGaA: Changes in the Composition of the Management

Borislav Kostadinov, member of the Management responsible for Credit Risk Management, Environmental Management and Impact Reporting of the ProCredit group, has asked ProCredit General Partner AG as general partner of ProCredit Holding AG & Co. KGaA (ProCredit Holding) to terminate his Management Board contract early for personal reasons, with effect from 15 September 2019. ProCredit General Partner AG has complied with this request. Mr Kostadinov will act in an advisory capacity for the company until the end of 2019. (more…)

Frankfurt am Main, ProCredit group reports solid results and further strengthens its market position in the first half of 2019

• Gross loan portfolio growth of 5.0% YTD (EUR 217m)
• Net interest and commission income higher than same period of previous year
• Consolidated result of EUR 22.9m (H1 2018: EUR 26.7m) in line with the group’s expectations
• Further cooperation agreements concluded with international institutions such as EIF and IFC in order to finance innovative and green investments by SMEs in the emerging markets in which the group works
• Full-year forecast confirmed (more…)

Frankfurt am Main, Annual General Meeting of ProCredit Holding approves dividend of EUR 0.30 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, today held its third ordinary Annual General Meeting since its shares were listed on the Frankfurt Stock Exchange. (more…)

Frankfurt am Main, ProCredit group reports solid first quarter of 2019

• Gross loan portfolio growth of 1.7%
• Negotiations for the sale of ProCredit Bank Colombia successfully concluded
• Consolidated result of EUR 10.7 million in line with the group’s expectations
• Full-year forecast confirmed (more…)

ProCredit Holding has agreed to place Green Bonds totalling USD 90 million with the International Finance Corporation

NOT FOR DISTRIBUTION, PUBLICATION OR DISCLOSURE IN OR WITHIN THE UNITED STATES, AUSTRALIA, JAPAN OR CANADA OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION MAY BE UNLAWFUL. PLEASE READ THE NOTICE ON FORWARD-LOOKING STATEMENTS AT THE END OF THIS PRESS RELEASE

• Planned issue volume to be placed with the International Finance Corporation in two tranches of three-year bonds
• Proceeds of the issue will be specifically earmarked for financing investments by SMEs in energy efficiency, renewable energy and environmentally friendly measures
• ProCredit Holding anticipates that this Green Bond issue will be followed by further placements of a similar type and scale to private investors (more…)

Frankfurt am Main, ProCredit strengthens its market position with double-digit growth and achieves higher net profit in 2018

• Customer loan portfolio grows by 12.3% to EUR 4.4 billion in 2018, in line with expectations and significantly stronger than in the previous year (2017: 8.0%)
• Consolidated result for 2018 increases by 13.3% to EUR 54.5 million (2017: EUR 48.1 million)
• Implementation of direct banking concept contributes to a 13.9% increase in net fee and commission income to EUR 52.2 million (2017: EUR 45.8 million)
• Return on equity for 2018 increases within the forecasted range to 7.6%
(2017: 7.1%)
• Dividend of EUR 0.30 per share will be recommended at the next Annual General Meeting (more…)

Frankfurt am Main, ProCredit extends term of office of Management Board member Dr Gabriel Schor

At its meeting on 12 November 2018, the Supervisory Board of ProCredit General Partner AG decided unanimously to extend the term of office of Dr Gabriel Schor (66) as a member of the Management Board of ProCredit General Partner AG until 31 December 2019. His current term was set to expire at the end of this year. As its managing general partner, ProCredit General Partner AG is responsible for the management of ProCredit Holding AG & Co. KGaA. (more…)