Press Releases
Recent press releases on the ProCredit group can be found here.
ProCredit Holding AG & Co. KGaA: Agreement with the Multilateral Investment Guarantee Agency (MIGA) expanded to further support the business activities of ProCredit Bank Ukraine
Frankfurt am Main, 21 June 2023 - ProCredit Holding AG & Co KGaA (ProCredit Holding), the parent company of the development-oriented ProCredit group, today announced that the World Bank Group’s Multilateral Investment Guarantee Agency (MIGA) has significantly increased a guarantee for ProCredit Holding which has been in place since 2020.
The guarantee covers ProCredit Holding’s equity investments in its subsidiary, ProCredit Bank JSC, Ukraine (ProCredit Ukraine), against the risk of expropriation of the mandatory minimum reserve held at the country’s central bank. The existing guarantee has been increased from EUR 17.1 million to EUR 40.85 million; its duration is unchanged and will continue to apply until December 2025. (read more)
ProCredit Holding AG & Co. KGaA: Annual General Meeting resolves with large majority to convert to legal form of stock corporation
Frankfurt am Main, 05 June 2023 - ProCredit Holding AG & Co KGaA (ProCredit Holding), the parent company of the development-oriented ProCredit group, held its Annual General Meeting for 2023 today. After holding purely virtual general meetings over the past three years, this was the first time that the event was held with physical attendance again.
A total of 76.50% of the share capital was represented. The Annual General Meeting approved by a large majority all of the proposals that were put to the vote. (read more)
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)