Corporate news

Frankfurt am Main, ProCredit 9M result: strong loan portfolio growth in line with group ambitions for increased scale

  • Loan portfolio grows by a strong 9.0%, with smaller-volume segments of private, micro and small business clients as the main driver
  • Deposits grow by 7.8% and the number of clients by 7.4%, underlining good progress in the group’s growth trajectory
  • 9M profit of EUR 84.8 million corresponds to a return on equity of 11.3%
  • Good level of profitability as +9.8% increase in operating income and low cost of risk of 8 bps balance strong investments; increased cost-income ratio
  • Updated FY 2024 guidance on selected metrics: loan growth, cost-income ratio and return on equity
  • 1/3 of year-end result earmarked for dividend payout in 2025

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Frankfurt am Main, ProCredit H1 result marked by strong loan growth and good profitability

  • Loan portfolio grows by 6.9%, with relevant contribution from all segments
  • Deposits grow by 4.1%; private clients as main driver
  • Number of customers increases by 5.0%, demonstrating good progress in group’s growth trajectory
  • Strong business growth based on foundations laid in recent years
  • Good profitability with return on equity of 11.6%
  • Financial result of EUR 57.6 million on the back of +14.6% increased operating income and low cost of risk of 18 bps
  • 1/3 of half-year result (approx. EUR 0.33 per share) accrued for next year dividend purposes and reflected in comfortable CET1 ratio of 14.3%

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Frankfurt am Main, ProCredit with strong Q1 result and good start into the year

  • Result of EUR 33.5 million corresponds to a return on equity of 13.4%
  • Loan portfolio grows by 3.0%, with good contribution from all segments
  • Deposits grow by 2.8%; private clients as major driver in line with updated business strategy
  • Net interest margin of 3.7%, around 25 basis points higher than in Q1 2023; cost-income ratio at 61.7%
  • Cost of risk at low level of 2 basis points, as result of stable loan portfolio quality and conservative risk profile
  • CET1 ratio at 14.3%, reflecting steady capitalisation amid strong balance sheet growth during the period
  • Dividend proposal to AGM in June 2024: EUR 0.64 dividend per share, in line with dividend policy

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Frankfurt am Main, ProCredit Holding AG has successfully placed EUR 125m Green Tier 2 Bonds

ProCredit Holding has successfully placed green Tier 2 subordinated bonds with international and domestic institutional investors. The transaction took place just four weeks after the Management Board of ProCredit Holding published and presented to the capital markets the updated business strategy for the ProCredit group, which envisages ambitious growth in the coming years. The strong demand for the bond enabled ProCredit Holding to increase the originally expected placement volume from EUR 100m to EUR 125m. This transaction will increase the ProCredit group’s total capital ratio by approximately two percentage points. It stood at 15.8% at the end of 2023. (more…)

Frankfurt am Main, ProCredit Management Board presents updated business strategy for a broadened ProCredit footprint on its second Capital Markets Day

  • A new era for ProCredit: positioning as an attractive and responsible bank for private individuals to be enhanced to complement the group’s strong footing as a leading MSME bank in South Eastern and Eastern Europe
  • Loan portfolio to grow to more than EUR 10bn in the medium term and achieve important scaling effects
  • Investments in staff, IT, marketing and market presence to accelerate client and balance sheet growth
  • Strong profit growth planned with medium-term RoE outlook raised to ~13%-14%
  • Accelerated efforts to achieve the group’s net-zero commitment through targeted client engagement

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Frankfurt am Main, ProCredit group reaches key milestones in its comprehensive sustainability strategy in 2023 and defines further targets

  • Publication of the Impact Report Package for the 2023 financial year
  • Opening of the ProCredit “ProEnergy” solar park in Kosovo demonstrates the group’s commitment to achieve climate neutrality
  • Head office of ProCredit Bank Ukraine awarded EDGE certification for green buildings, bringing the total number of our head offices receiving this distinction to six
  • Development of Gender Action Plan and the first steps for an inclusive finance concept strengthened by joining the 2X Global initiative
  • Strategy to achieve net-zero emissions and SBTi-validated near-term science-based emission reduction targets defined

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Frankfurt am Main, ProCredit group finishes 2023 with a strong business and financial performance; RoE guidance achieved

  • Group result of EUR 113.4 million corresponds to RoE of 12.2%
  • Operating income up 21% with positive contribution from all regular income drivers
  • Cost-income ratio further improved by 4.1 pp to 59.9%
  • Loans grow by 1.9%; ProCredit Direct for private clients drives strong 15.3% deposit growth; CET1 ratio comfortable at 14.3%
  • New outlook published targeting a RoE of 10%-12% in 2024 and of 13%-14% in the medium-term
  • Management Board intends to propose dividend of EUR 0.64 per share (1/3 of consolidated result) (more…)