- Corporate Rating update brings ProCredit Holding into circle of Industry Leaders in sustainable finance in the oekom Universe
- Products and services particularly eligible from ecological and social viewpoint
- Special sustainability standards in lending business Continue reading “oekom research confirms the ProCredit group’s PRIME status in the area of Sustainable Finance”
EBRD develops local currency lending to SMEs in Ukraine – First synthetic local currency facility to mitigate the currency risks
The EBRD is providing fresh funds to develop local currency lending and SME support mechanisms in Ukraine. The use of local currency gives greater comfort to potential borrowers, who will not be exposed to foreign exchange risks. Continue reading “EBRD develops local currency lending to SMEs in Ukraine – First synthetic local currency facility to mitigate the currency risks”
ProCredit banks achieve significant growth in the first nine months of 2017
- Growth of 12.9% (9M 2016: 7.7%) of the customer loan portfolio in the core segment of loans over EUR 30,000 in the first nine months of 2017
- Total customer loan portfolio grows by 5.6% (9M 2016: 0.6%) in the first nine months of 2017
- 9M 2017: result from continuing business operations of EUR 36.5 million on par with the previous year’s result (9M 2016: EUR 36.6 million)
- Q3 2017 vs Q2 2017: result from continuing business operations increased by EUR 4.4 million to EUR 15.7 million
- Efficiency gains thanks to digital offers and restructuring of branch network
- Sale of Banco ProCredit El Salvador successfully concluded in November 2017 Continue reading “ProCredit banks achieve significant growth in the first nine months of 2017”
First EIB local currency loan for SMEs in Ukraine made possible with EU support
The European Investment Bank has provided its first ever local currency loan in Ukraine to improve access of small and medium-sized businesses to affordable financing. Continue reading “First EIB local currency loan for SMEs in Ukraine made possible with EU support”
The EIB Group signs the first guarantee agreements in Georgia, Moldova and Ukraine under the EU4Business initiative
The European Investment Bank (EIB) and the European Investment Fund (EIF) – jointly the EIB Group – signed today the first guarantee agreements with ProCredit Holding and its subsidiaries in order to support EUR 100 million of lending to small and medium-sized enterprises (SMEs) in Georgia, Moldova and Ukraine under the EU4Business initiative. Continue reading “The EIB Group signs the first guarantee agreements in Georgia, Moldova and Ukraine under the EU4Business initiative”
SMEs in Romania benefit as the EIB and ProCredit Bank Romania sign first credit line agreement in local currency worth EUR 20 million
The European Investment Bank (EIB) and ProCredit Bank SA, in Bucharest, Romania today signed a credit line agreement amounting to approximately RON 90 million (EUR 20 million), which will be used to support small and medium-sized enterprises in Romania. The EIB was represented by Andrew McDowell, Vice President and ProCredit Bank by Mariyana Dimitrova Petkova, Member of the Management Board. Continue reading “SMEs in Romania benefit as the EIB and ProCredit Bank Romania sign first credit line agreement in local currency worth EUR 20 million”
ProCredit group and ADAMI Media Prize continue their cooperation to promote cultural diversity in Eastern Europe
The prolongation of cooperation between the ADAMI Media Prize and ProCredit Holding, which began in 2016, ensures the continued support of the activities of the ADAMI Media Prize in promoting cultural diversity and establishing networking opportunities for filmmakers, audio-visual journalists, and broadcasters. Continue reading “ProCredit group and ADAMI Media Prize continue their cooperation to promote cultural diversity in Eastern Europe”
ProCredit group of banks continues dynamic growth in first half of 2017
- Customer loan portfolio grows by 4.8%
- Customer loan portfolio in core segment of loans over EUR 30,000 grows by 9.9%
- Consolidated result of EUR 20.8 million from continuing business operations below previous year’s level (H1 2016: EUR 24.6 million; however, this includes positive one-off effects)
- Focus on widening the use of online banking services
- Sale of Banco ProCredit Nicaragua successfully concluded in August 2017 Continue reading “ProCredit group of banks continues dynamic growth in first half of 2017”
Juncker Plan: EUR 820 million for SMEs as EIF and ProCredit double support for innovative companies
The European Investment Fund (EIF) and ProCredit Group are providing an additional EUR 450 million to innovative small and medium-sized companies (SMEs), bringing a total of EUR 820 million to companies in eleven countries. Continue reading “Juncker Plan: EUR 820 million for SMEs as EIF and ProCredit double support for innovative companies”
ProCredit Holding AG & Co. KGaA raises forecast for 2017 financial year
- Net growth of overall loan portfolio above 8% expected, adjusted from previous forecast of 5% – 8%
- For the core segment of loans over EUR 30,000 growth above 10% is expected, replacing the former expectation of around 10%
- Return on equity forecast between 7% and 9% remains unchanged
- CET1 capital ratio forecast above 13% (upon completion of the sale of institutions in El Salvador and Nicaragua) remains unchanged Continue reading “ProCredit Holding AG & Co. KGaA raises forecast for 2017 financial year”