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ProCredit group: significant improvement in result for first half of 2021 with continued strong growth

ProCredit group: significant improvement in result for first half of 2021 with continued strong growth

13.08.2021

Frankfurt am Main, 12 August 2021 – The ProCredit group, which is mainly active in South Eastern and Eastern Europe, reports strong results for the first half of 2021. The customer loan portfolio grew by EUR 402 million or 7.7%, once again reflecting the strong growth rates seen in previous periods (H1 2020: EUR +255 million or 5.3%). The consolidated result increased by 68% to EUR 36.4 million (H1 2020: EUR 21.7 million), representing a significantly improved return on equity of 9.1% (H1 2020: 5.5%). Based on the strong financial results for the first half of the year, on 23 July 2021 the Management Board raised its forecast for return on equity for the 2021 financial year to 8.0% - 9.5% (previously 6.0% - 7.5%).  

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