ProCredit group: significant improvement in result for first half of 2021 with continued strong growth
• Growth in customer loans by 7.7% and in customer deposits by 2.5%
• Increase in profit after tax by 68%; consolidated result of EUR 36.4 million represents return on equity of 9.1%
• Decrease in provision expenses leads to annualised cost of risk of 10 basis points, with improvement in portfolio quality
• Increase in net interest income results in significant improvement of cost-income ratio to 64.4%
• As communicated in July, Management Board raises forecast for return on equity for 2021 to 8.0% – 9.5%
• First Capital Markets Day to be held virtually on 12 October 2021 (more…)