Corporate news

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…)

Frankfurt am Main, ProCredit group achieves double-digit portfolio growth (10.2%) in the first nine months of 2018

• Strong growth in the first nine months of 2018: the gross loan portfolio increased by EUR 398 million or 10.2% (9M 2017: 5.6%) to EUR 4.3 billion
• At EUR 40.9 million, the consolidated result from ongoing business operations in the first nine months of 2018 is significantly above the 9M 2017 result (EUR 36.5 million)
• Steady increase of net interest income in 2018: Q1 EUR 46.6 million, Q2 EUR 47.1 million, Q3 EUR 48.0 million
• Increase in net fee and commission income by 12.1% to EUR 37.3 million (9M 2017: EUR 33.3 million) in the private and business client areas
• Forecasts for 2018 confirmed: Gross loan portfolio growth of 12 to 15% and a return on equity of 7.5 to 8.5% (more…)

Frankfurt am Main, ProCredit group achieves strong loan portfolio growth of 8.9% in the first half of 2018

• The ProCredit group recorded strong growth in the first half of 2018: the gross loan portfolio increased by EUR 350 million or 8.9% (H1 2017: 4.8%) to EUR 4.3 billion
• At EUR 26.7 million, the consolidated result from ongoing business operations in H1 2018 is significantly above the H1 2017 result (EUR 20.8 million)
• Implementation of the direct banking concept for private clients led to an 11.1% increase in net fee and commission income to EUR 24.0 million (H1 2017: EUR 21.6 million)
• Forecasts for 2018 confirmed: gross loan portfolio growth of 12 to 15% and a return on equity of 7.5 to 8.5% (more…)

Frankfurt am Main, ProCredit Holding AG & Co. KGaA: Annual General Meeting approves dividend proposal of EUR 0.27 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 ordinary Annual General Meeting yesterday, the second since its listing on the Frankfurt Stock Exchange’s Prime Standard. (more…)

Frankfurt am Main, The ProCredit group shows continued strong growth in the first quarter of 2018

• Gross loan portfolio growth of 2.8% (Q1 2017: 2.5%) to EUR 4.0 billion
• Group results of EUR 14.6 million in first quarter of 2018, significantly above the Q1 results of the previous year (Q1 2017: EUR 11.9 million)
• More robust capital base thanks to a successful increase in the company’s share capital
• Full-year forecast confirmed (more…)

ProCredit publishes comprehensive Group Impact Report for 2017 in accordance with GRI guidelines

The Group Impact Report for 2017 provides insights into the social, economic and ecological impact of the ProCredit group’s business operations, led by the Frankfurt-based parent company ProCredit Holding AG & Co. KGaA (ProCredit Holding). The ProCredit group, consisting of banks for small and medium enterprises (SMEs) whose operational focus is on South-Eastern and Eastern Europe, is also active in South America and Germany. Produced in compliance with the non-financial reporting requirements to which the ProCredit group is subject, the Impact Report was prepared according to the new guidelines set forth by the Global Reporting Initiative (GRI) – the “GRI Standards”. In particular, this transparent reporting format sheds light on topics that ProCredit had previously identified by means of a detailed materiality analysis, carried out through stakeholder surveys. The subjects that were assessed to be of material importance are presented under the headings “Business model”, “Approach to clients” and “Approach to staff”. (more…)

Frankfurt am Main, ProCredit group continues to grow in a successful fiscal 2017

• The “Hausbank” principle for small and medium-sized enterprises (SMEs) continues to bear fruit
• Overall customer loan portfolio growth rate of 8% in 2017 significantly above previous year’s level (2016: 2.4%)
• Customer loan portfolio in the core segment – loans over EUR 30,000 – grows by 18% in 2017 (2016: 13%)
• Consolidated profit from continuing business operations, at EUR 46.6 million in 2017, nearly as high as previous year’s figure (2016: EUR 47 million)
• At 7.1%, return on average equity (RoAE) in 2017 within the predicted range (2016: 9.6%)
• In 2018, gross loan portfolio expected to grow by 12–15% and RoAE to 7.5–8.5% (more…)

Frankfurt am Main, ProCredit Holding: Successful placement of cash capital increase

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• Gross proceeds of the share issue of around EUR 61 million
• 5,354,408 new shares issued
• Placement price of EUR 11.40 (more…)

Frankfurt am Main, MSCI ESG Research’s most recent report upgrades ProCredit’s rating from “A” to “AA”, raising it to the “industry leaders” category and recognising its robust policies to mitigate environmental and social risks in lending

According to MSCI’s ESG report published on 21 December 2017, ProCredit Holding AG & Co. KGaA has been upgraded from “A” to “AA”. ProCredit thereby ranks among the industry leaders in the top 15% of companies rated by MSCI in the banking industry worldwide, surpassing the overall ESG rating of its 10 largest industry peers. (more…)