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ProCredit group finishes 2021 with a financial result above expectations
01.04.2022Frankfurt am Main, 24 March 2022 – The ProCredit group, which is mainly active in South Eastern and Eastern Europe, exceeded expectations for the 2021 financial year despite the ongoing COVID-19 pandemic. The loan portfolio grew by EUR 670 million or 12.8%. This strong growth underscores the company’s positioning as a Hausbank and its expertise in green lending. Thanks to higher income, strong cost control and lower risk costs, the consolidated result increased by 92% to EUR 79.6 million. With a return on equity of 9.7%, the group exceeded its guidance for the financial year of 8.0 – 9.5% and achieved its medium-term target of approximately 10%. Despite the war in Ukraine, Management also reiterates that it continues to take a positive view of the group's medium-term development in the current context, confirming the group's medium-term targets.
See moreProCredit group once again achieves key milestones in the implementation of its sustainability strategy in 2021
12.04.2022Frankfurt am Main, 24 March 2022 - The ProCredit group, which is mainly active in South Eastern (SEE) and Eastern Europe (EE), evaluates the success of its activities not only in terms of client needs and profitability, but also in terms of the impact these activities could have on society and the environment. The group is committed to continuously reporting on key ESG achievements and initiatives in line with the Global Reporting Initiative (GRI) Standards. In addition to observing these standards and supporting the UN Sustainable Development Goals (SDGs), other voluntary initiatives such as the Partnership for Carbon Accounting Financials (PCAF) and the Principles for Responsible Banking (UNEP-FI) have been taken into account when producing the Impact Report package for 2021. In its report package, the ProCredit group draws a positive balance of the measures taken in this regard.
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