Press releases Archives - Page 8 of 10

Kiev, November 20 2017 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. (more…)

Frankfurt am Main, November 14 2017 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 (more…)

Tallinn/Kyiv/Luxembourg, October 26 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. (more…)

Tallinn/Kyiv/Luxembourg, October 26 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. (more…)

Bucharest, October 19 2017 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. (more…)

October 18 2017 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. (more…)

Frankfurt am Main, August 14 2017 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 (more…)

Frankfurt am Main, July 20 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. (more…)

Frankfurt am Main, July 7 2017 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 (more…)

Frankfurt am Main, June 7 2017 EUR 30 million to benefit SMEs in Serbia as EIB and ProCredit Bank Serbia sign credit line agreement

The European Investment Bank (EIB) and ProCredit Bank AD, Belgrade, Serbia, today signed a credit line agreement worth EUR 30 million, which will be used to support small and medium-sized enterprises in Serbia. The EIB was represented by Matteo Rivellini, Head of Division Slovenia, Croatia and Western Balkans and ProCredit Bank by Igor Anic, Member of the Executive Board. (more…)