ISIN:DE0006223407

DGAP-News: ProCredit Holding seeks to further optimise its funding position by offering debt investors term amendments

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Tuesday, July 5, 2022
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Frankfurt am Main, 5 July 2022 ProCredit Holding AG & Co. KGaA (ProCredit) seeks to amend the terms and conditions of a part of its outstanding debt instruments, either by majority resolutions of the respective holders or by contractual agreements.

Key Points: 
  • Frankfurt am Main, 5 July 2022 ProCredit Holding AG & Co. KGaA (ProCredit) seeks to amend the terms and conditions of a part of its outstanding debt instruments, either by majority resolutions of the respective holders or by contractual agreements.
  • ProCredits subsidiary Joint Stock Company "ProCredit Bank", Ukraine (ProCredit Bank Ukraine) qualifies as a Material Subsidiary under the terms of the aforementioned instruments.
  • ProCredit intends to offer participating holders a consent resolution fee of 0.5% p.a.
  • Management assesses the risk of default of ProCredit Bank Ukraine currently as low but wishes to address any potential tail-risk scenarios pro-actively.

DGAP-News: ProCredit group achieves good business development and improves profitability at nearly all banks, although provisions for Ukrainian operations drive negative Q1 2022 result

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Thursday, May 12, 2022
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DGAP-News: ProCredit Holding AG & Co. KGaA

Key Points: 
  • DGAP-News: ProCredit Holding AG & Co. KGaA
    ProCredit group achieves good business development and improves profitability at nearly all banks, although provisions for Ukrainian operations drive negative Q1 2022 result
    The issuer is solely responsible for the content of this announcement.
  • ProCredit group achieves good business development and improves profitability at nearly all banks, although provisions for Ukrainian operations drive negative Q1 2022 result
    Frankfurt am Main, 12 May 2022 The ProCredit group, which is mainly active in South Eastern and Eastern Europe, recorded a loss of EUR 1.7 million in the first quarter of 2022, as loan-loss provisions for the Ukrainian loan portfolio offset an otherwise strong performance by the remaining ProCredit banks.
  • Deposits decreased mildly by EUR 25 million or 0.4% (Q1 2021: +EUR 123 million or 2.5%).
  • Net interest income increased by EUR 10.9 million or 22.1% to EUR 60.2 million (Q1 2021: EUR 49.3 million).

DGAP-News: ProCredit Holding AG & Co. KGaA: ProCredit group once again achieves key milestones in the implementation of its comprehensive sustainability strategy in 2021

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Friday, April 1, 2022

DGAP-News: ProCredit Holding AG & Co. KGaA

Key Points: 
  • DGAP-News: ProCredit Holding AG & Co. KGaA
    ProCredit Holding AG & Co. KGaA: ProCredit group once again achieves key milestones in the implementation of its comprehensive sustainability strategy in 2021
    The issuer is solely responsible for the content of this announcement.
  • In its report package, the ProCredit group draws a positive balance of the measures taken in this regard.
  • In 2021, the ProCredit group again made significant achievements in the implementation of its responsible banking activities.
  • Furthermore, the implementation of the comprehensive sustainability strategy in all business units and markets remains one of our central tasks.

DGAP-News: ProCredit group finishes 2021 with a financial result above expectations, supporting management confidence in medium-term targets although the war in Ukraine limits ability for short-term forecast

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Friday, April 1, 2022
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DGAP-News: ProCredit Holding AG & Co. KGaA

Key Points: 
  • DGAP-News: ProCredit Holding AG & Co. KGaA
    ProCredit group finishes 2021 with a financial result above expectations, supporting management confidence in medium-term targets although the war in Ukraine limits ability for short-term forecast
    The issuer is solely responsible for the content of this announcement.
  • Thanks to higher income, strong cost control and lower risk costs, the consolidated result increased by 92% to EUR 79.6 million.
  • Due to the uncertainties related to the war in Ukraine, the ability to forecast key results metrics for the financial year 2022 is limited.
  • "The war in Ukraine is tragic and certainly presents the ProCredit group with new challenges, particularly in the short-term.

DGAP-News: ProCredit Holding AG & Co. KGaA: Management Board of ProCredit General Partner AG expanded with the appointment of Hubert Spechtenhauser

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Saturday, March 5, 2022
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DGAP-News: ProCredit Holding AG & Co. KGaA

Key Points: 
  • DGAP-News: ProCredit Holding AG & Co. KGaA
    ProCredit Holding AG & Co. KGaA: Management Board of ProCredit General Partner AG expanded with the appointment of Hubert Spechtenhauser
    The issuer is solely responsible for the content of this announcement.
  • Frankfurt am Main, 1 March 2022 - The Management Board of ProCredit General Partner AG, the sole managing entity of ProCredit Holding AG & Co, has been expanded to four members.
  • As a member of the Management Board of ProCredit Holding AG & Co KGaA, Hubert Spechtenhauser is responsible for Group and PCH Risk Control, Group Financial Risk Management, Group Operational Risk Management and Legal.
  • "I am very pleased that we have been able to attract Hubert Spechtenhauser for the ProCredit group.