Press releases

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

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• 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…)

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…)