Corporate news

Frankfurt am Main, ProCredit reports strong financial results and good growth figures as at 30 September 2021, underscoring its sustainable business model

• Increase in result of 86% to EUR 62.0 million; return on equity of 10.1% in line with the medium-term forecast of around 10%
• Significant growth in customer loans of 10.4% and customer deposits of 7.6% since the beginning of the year
• Scaling effects reflected in strong improvement of cost-income ratio to 62.4% (9M 2020: 66.5%)
• Risk costs at the low level of 8 basis points thanks to further improvements in credit risk indicators
• Return on equity for the 2021 financial year as a whole is expected to be at the upper end of the increased forecast range of 8.0 – 9.5%; cost-income ratio is likely to not exceed 65%
• Extraordinary General Meeting on 8 December 2021 to decide upon the already announced further dividend payment proposal of EUR 0.35 per ordinary share for the 2020 financial year (more…)

Frankfurt am Main, ProCredit holds virtual Capital Markets Day: Sustainability, scaling potential and profitability of the business model as focus of Management Board presentations

• Market position as a reliable bank for SMEs in Eastern and South Eastern Europe, with targeted promotion of environmentally sound investments as well as sustainable and impact-oriented banking practices
• Medium-term return on equity target of approximately 10% within reach; additional scaling effects expected to consolidate profitability further
• Management Board highlights competitive advantages and scaling potential; Management of ProCredit Bank Bulgaria presents local insights
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Frankfurt am Main, The ProCredit group joins the Partnership for Carbon Accounting Financials

• Standardised approach to measuring and disclosing greenhouse gas emissions associated with own loan and investment portfolio to be rolled out across the group
• The Partnership for Carbon Accounting Financials (PCAF) is a global industry initiative to standardise the measurement and disclosure of greenhouse gas emissions for the financial sector. With more than 140 banks and investors from five continents, the initiative continues to grow in North America, Latin America, Europe, Africa and Asia Pacific. (more…)

Frankfurt am Main, 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…)

Frankfurt am Main, ProCredit Holding AG & Co. KGaA raises forecast for return on equity for the 2021 financial year

Based on the preliminary half-year financial figures as of 30 June 2021 and on the expectations for the second half of 2021 expressed by the management boards of the ProCredit banks, in particular with regard to credit risk and the related cost of risk, the Management Board of the general partner of ProCredit Holding AG & Co KGaA today decided to raise its profit expectations for the financial year 2021 as follows: (more…)

Frankfurt am Main, Annual General Meeting of ProCredit Holding approves dividend of EUR 0.18 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, held its Annual General Meeting for 2021 yesterday. In view of the ongoing COVID-19 pandemic, the Annual General Meeting was held as a virtual general meeting, as in the previous year. (more…)

Frankfurt am Main, ProCredit with significant portfolio growth and improved consolidated result in first quarter of 2021 building on solid 2020 financial year

• Growth in customer loans by 3.0% and in customer deposits by 2.5% underscore the group’s strong positioning as reliable partner for SMEs and its growing foothold as a transparent direct bank for private clients
• Green loan portfolio exceeds the EUR 1 billion mark for the first time and now accounts for 18.8% of the total loan portfolio
• Annualised cost of risk at 27 basis points, below previous year’s level; credit risk indicators remain solid
• Cost-income ratio at 64.8% slightly below the guidance corridor of 65% – 68% for the year as a whole
• Consolidated result of EUR 15.6 million represents improved return on equity of 7.9%; positive result contribution from all ProCredit banks (more…)

Frankfurt am Main, The ProCredit group completes a challenging 2020 financial year with significant portfolio growth and a robust financial result

• Growth in customer loans of 9.5% and in customer deposits of 13.0% in 2020 underlines the group’s strong positioning as a reliable partner for SMEs
• Portfolio growth mainly driven by investment loans and green loans
• Cost-income ratio at 68.0% continued to improve; overall, cost of risk below original expectations
• Consolidated result of EUR 41.4 million corresponds to a return on equity of 5.3% and demonstrates the solidity of the business model
• Impact Report highlights the central role of ESG in the group’s positive results and presents the considerable progress the ProCredit group has made in the area of sustainability
• Portfolio growth around 10% and further improvement in cost-income ratio and return on equity expected for 2021, subject to the recovery of the global economy
• Dividend proposal of EUR 0.18 per share, with the intention to propose distribution of a further dividend of EUR 0.35 in Q4 2021 (more…)

Frankfurt am Main, ProCredit group’s profitable growth continues in third quarter

• Strong 8.5% increase in customer loan portfolio since the beginning of the year; customer deposits grow by 8.9%
• Consolidated result of EUR 33.4 million corresponds to an annualised return on equity of 5.6% with stable operating expenses and a significant improvement in earnings before tax and cost of risk
• Annualised cost of risk of 56 basis points, with non-performing loans stable at 2.3% and a 98.5% ratio of allowances to credit-impaired loans
• Solid capital base with Common Equity Tier 1 ratio (CET1 fully loaded) of 14.1%
• Decision on proposal for the appropriation of profit for the 2019 financial year (more…)

Frankfurt am Main, Solid H1 result and strong growth figures – ProCredit group raises growth forecast for 2020

• Higher-than-expected 5.3% increase in customer loan portfolio in H1 – Management Board raises growth forecast for the full year to between 8% and 10%
• Annualised cost of risk of 67 basis points in line with expectations, with good portfolio quality
• Consolidated result of EUR 21.7 million corresponds to an annualised return on equity of 5.5% with stable expenses and a significant improvement in earnings before risk costs (more…)