SWIFT-/ BIC-Code: PRCBDEFF

Press Releases

Recent press releases on the ProCredit group can be found here.

ProCredit achieves strong 9M result and a 13.6% return on equity; all group banks in South Eastern and Eastern Europe with enhanced operational and financial performance

Frankfurt am Main, 14 November 2023

  • Result of EUR 94.0 million in 9M 2023 corresponds to a return on equity of 13.6%, and is thus in the area of the group’s medium-term guidance
  • High diversification of positive development, with all ten group banks in South Eastern Europe and Eastern Europe contributing higher results
  • Net interest margin of 3.6%, around 50 basis points higher than in 9M 2022
  • Good level of cost efficiency, as cost-income ratio improves to 58.7%
  • Cost of risk at 20 basis points, reflecting stable loan portfolio quality and conservative risk profile
  • Particularly good deposit growth of 10.3%; loans increased by 1.9%, with positive growth dynamics in Q2 and Q3
  • Strong 9M result contributed to the raised guidance for the 2023 financial year, as announced on 26 October 2023 (read more)

 

ProCredit Holding AG: Conversion into joint stock company successfully completed

Frankfurt am Main, 27 September 2023 - The parent company of the development-oriented ProCredit group has successfully completed the transformation of its legal form into that of a stock corporation (AG). The conversion was completed with today’s entry of ProCredit Holding AG in the commercial register (27 September 2023). Beforehand, the Annual General Meeting held on 5 June 2023 had already resolved to approve the change in legal form with a very large majority. The conversion into a stock corporation is intended to further enhance investor acceptance, especially among international market participants, while at the same time simplifying the corporate structure. The business focus of ProCredit Holding, and in particular its emphasis on South Eastern and Eastern Europe and its commitment to impact orientation, will remain unchanged. (read more)

 

ProCredit delivers a strong half-year result and a 14.2% return on equity; ProEnergy solar park marks important milestone for the group in achieving climate neutrality

Frankfurt am Main, 14 August 2023

  • Result of EUR 64.1 million in H1-23 corresponds to a return on equity of 14.2% and thus underlines the group’s medium-term guidance
  • Net interest margin continues to develop positively, and at 3.5% is around 40 basis points higher than at the end of the previous year
  • Adjusted for non-recurring effects, cost-income ratio improves to 58.3%
  • Cost of risk at a low level of two basis points based on stable loan portfolio quality
  • Deposits increase by 2.7%, loans by 0.8% with positive growth dynamics especially in the second quarter
  • Group opens 3 MWp ProEnergy solar park in Kosovo, with which it plans to offset its own emissions almost completely
  • Conversion of legal form to stock corporation (AG) expected to be completed in the third quarter (read more…)

 

 

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