• IFC is making USD 100 million available to SMEs through the ProCredit group
• The target countries are Albania, Bosnia and Herzegovina, Ecuador, Kosovo, Moldova, North Macedonia, Romania, Serbia and Ukraine
• The financial resources are aimed at providing SMEs with short-term access to additional working capital (more…)
• In the Management Board of ProCredit General Partner AG, Dr Gian Marco Felice is responsible for the areas IT, business support, environmental management and impact reporting
• The Management Board thus consists of Sandrine Massiani, Dr Gabriel Schor and Dr Gian Marco Felice
• At the 2020 Annual General Meeting, Dr H.P.M. (Ben) Knapen was elected to the Supervisory Board as successor to Jasper Snoek (more…)
• Customer loan portfolio growth of 0.9%
• Compared to the previous year, the consolidated result increased by EUR 3.0 million to EUR 13.7 million, the return on average equity stood at 7.0%
• Cost of risk of 57 basis points is in line with expectations and reflects the deteriorated macroeconomic environment
• Cost-income ratio improved significantly to 64.6% (more…)
• Comprehensive Management Statement on the status of the group with regard to the COVID-19 pandemic published
• Vote on the proposal for the appropriation of profits planned for the fourth quarter of 2020 (more…)
• Customer loan portfolio grows by 10.3%, customer deposits by 14.2%
• Consolidated result of EUR 54.3 million at the upper end of the forecast corridor
• Consolidated result also reflects expenses from the successfully completed restructuring measures that were planned at the beginning of the year
• Progress in achieving group-wide SDG targets published separately today in Impact Report 2019 (more…)
• Consolidated result of EUR 44.0 million since the beginning of the year (9M 2018: EUR 40.9 million) well in line with expectations
• Significantly improved result in the third quarter to EUR 21.1 million (Q2 2019: EUR 12.2 million; Q1: EUR 10.7 million), among other factors attributable to strong increase in net interest income
• Strong growth in customer deposits of EUR 348 million or 9.1% since the beginning of the year (9M 2018: 2.8%)
• Continued solid growth in the gross loan portfolio of 8.3% or EUR 360 million since the beginning of the year
• Full-year forecast confirmed (more…)
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. (more…)
Borislav Kostadinov, member of the Management responsible for Credit Risk Management, Environmental Management and Impact Reporting of the ProCredit group, has asked ProCredit General Partner AG as general partner of ProCredit Holding AG & Co. KGaA (ProCredit Holding) to terminate his Management Board contract early for personal reasons, with effect from 15 September 2019. ProCredit General Partner AG has complied with this request. Mr Kostadinov will act in an advisory capacity for the company until the end of 2019. (more…)
• Gross loan portfolio growth of 5.0% YTD (EUR 217m)
• Net interest and commission income higher than same period of previous year
• Consolidated result of EUR 22.9m (H1 2018: EUR 26.7m) in line with the group’s expectations
• Further cooperation agreements concluded with international institutions such as EIF and IFC in order to finance innovative and green investments by SMEs in the emerging markets in which the group works
• Full-year forecast confirmed (more…)
The European Investment Fund (EIF) and ProCredit Group are providing an additional EUR 800 million to innovative small and medium-sized companies (SMEs), bringing a total of EUR 1.62 billion to companies in eleven countries. (more…)