Press Releases

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

ProCredit Holding AG & Co. KGaA discloses the completion of the announced change in the composition of its core shareholder base

Frankfurt am Main, 23 May 2023 - The European Bank for Reconstruction and Development’s (EBRD’s) acquisition of the International Finance Corporation’s shares (IFC’s) in ProCredit Holding AG & Co. KGaA and ProCredit General Partner AG, announced on 17 March 2023, has been successfully completed.

Under the terms of the two share purchase agreements, the EBRD acquired 9.9% of IFC’s shares in ProCredit General Partner AG, which is the sole general partner of ProCredit Holding, as well as IFC’s remaining 5.06% of the limited partner shares in ProCredit Holding. The EBRD thus replaces IFC as the core shareholder of ProCredit Holding and now holds 8.7% of the group’s share capital. In addition to EBRD, the core shareholder base of the group consists of Zeitinger Invest, Kreditanstalt für Wiederaufbau (KfW), DOEN Participaties and ProCredit Staff Invest. (read more)


Strong Q1 result of ProCredit underlines the group’s positive medium-term outlook

Frankfurt am Main, 23 May 2023 - The ProCredit group, which is mainly active in South Eastern and Eastern Europe, recorded a significantly improved financial result of EUR 29.5 million for the first quarter. The return on equity was thus at a much improved level of 13.3% and in the area of the group’s medium-term guidance. At 59.7%, the cost-income ratio remained roughly at the previous year’s level, but improved significantly by 2.5 percentage points to 57.0% after adjusting for non-recurring effects. The result was mainly driven by the ongoing positive net interest margin momentum and stable credit risk indicators, which contributed to a low overall cost of risk of 12 basis points. In addition, ProCredit Bank Ukraine made a moderate contribution to earnings, although the return on equity excluding the result contribution from Ukraine was also at a good level of 11.6%. The loan portfolio declined slightly by 0.8%, whereas deposits continued the positive trend from previous years and showed growth of 0.6%. The CET1 ratio stood at 14.1%, 0.7 percentage points above the year-end level for 2022, which is partly driven by a further increase in RWA efficiency. (read more)


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