Following approval by the Financial Superintendence of Colombia, ProCredit Holding completed the sale of its Colombian subsidiary to Créditos y Ahorros Credifinanciera S.A. on 16 October 2019. Banco ProCredit Colombia S.A. was sold according to the terms outlined by ProCredit Holding in the Q1 financial report in May 2019. The overall financial impact of the transaction, which will be fully realised in Q4 2019, is in line with expectations. Against this background, ProCredit confirms the forecast issued for the 2019 financial year.
Contact:
Andrea Kaufmann, Group Communications, ProCredit Holding, Tel.: +49 69 951 437 138,
E-mail: Andrea.Kaufmann@procredit-group.com
About ProCredit Holding AG & Co. KGaA
ProCredit Holding AG & Co. KGaA, based in Frankfurt am Main, Germany, is the parent company of the development-oriented ProCredit group, which consists of commercial banks for small and medium enterprises (SMEs). In addition to its operational focus on South Eastern and Eastern Europe, the ProCredit group is also active in South America and Germany. The company’s shares are traded on the Prime Standard segment of the Frankfurt Stock Exchange. The anchor shareholders of ProCredit Holding AG & Co. KGaA include the strategic investors Zeitinger Invest and ProCredit Staff Invest (the investment vehicle for ProCredit staff), the Dutch DOEN Participaties BV, KfW Development Bank and IFC (part of the World Bank Group). As the group’s superordinated company according to the German Banking Act, ProCredit Holding AG & Co. KGaA is supervised on a consolidated level by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, BaFin) and the German Bundesbank. Further information is available on our website: www.procredit-holding.com.
Forward-looking statements
This press release contains statements which refer to our future business operations and future financial performance parameters, as well as to future events or developments relating to ProCredit Holding, and which could be regarded as forward-looking statements. Such statements are based on present expectations and certain assumptions on the part of the Management of ProCredit Holding. They are therefore subject to numerous risks, uncertainties and contingencies, many of which lie outside ProCredit Holding’s control. If one or several of these risks or uncertainties should materialise, or if it should transpire that the underlying expectations are not fulfilled or the assumptions were not correct, then the actual results, performance and success of ProCredit Holding may differ in a materially positive or negative manner from those results that were explicitly or implicitly mentioned in the forward-looking statement. ProCredit Holding does not undertake any obligation to update these forward-looking statements or to correct them in the event of deviations from the expected development.