ProCredit Holding: Successful placement of cash capital increase – gross proceeds of the share issue of approx. EUR 61 million.

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ProCredit Holding AG & Co. KGaA (“ProCredit”, ISIN DE0006223407) successfully placed the authorised capital increase approved on 01 February 2018. The gross proceeds of the share issue of the capital increase amount to approx. EUR 61 million. Continue reading “ProCredit Holding: Successful placement of cash capital increase – gross proceeds of the share issue of approx. EUR 61 million.”

ProCredit Holding approves a cash capital increase from authorised capital

Publication of insider information pursuant to Art. 17 MAR
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO: UNITED STATES OF AMERICA, AUSTRALIA, CANADA, JAPAN

Today the Management Board of ProCredit General Partner AG resolved, with the approval of the Supervisory Board, to increase the share capital of ProCredit Holding AG & Co. KGaA (ISIN: DE0006223407) by up to 1,600,000 shares (approx. 3% of current share capital). The subscription right of shareholders is excluded pursuant to Section 186 (3) Sentence 4 of the German Stock Corporation Act (AktG). In accordance with Section 4 (3) of the company’s Articles of Association, the capital increase will be carried out against cash contributions and with partial utilisation of the existing authorised capital of EUR 26,772,042. The share capital of the company is to be increased from EUR 267,720,420 to up to EUR 275,720,420 represented by the issue of new registered non-par value shares. The new shares carry the same rights as the existing shares and are entitled to dividends for the financial year 2017. Following their issue they will be included in the existing listing in the sub-segment of the regulated market with additional post-admission obligations (Prime Standard) on the Frankfurt Stock Exchange.  Continue reading “ProCredit Holding approves a cash capital increase from authorised capital”

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. Continue reading “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”

ProCredit Holding confirms continued strong loan portfolio growth for the group in 2017 and is considering a capital increase to fund further growth prospects

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The ProCredit group’s customer loan portfolio has experienced continued strong growth in the second half of the 2017 financial year. As communicated on 14 August 2017 and in light of the continued strong development of its loan portfolio, ProCredit Holding AG & Co. KGaA (ProCredit Holding), the parent company of the ProCredit group, is considering an equity increase of up to 10% within the scope of the existing Authorised Capital. Continue reading “ProCredit Holding confirms continued strong loan portfolio growth for the group in 2017 and is considering a capital increase to fund further growth prospects”

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”

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”