ProCredit Holding - Well-positioned to achieve its targets
ProCredit (PCB) maintains its market position as an impact-oriented bank for small and medium-sized enterprises (SMEs) in Southeastern (SEE) and Eastern Europe (EE) as well as Ecuador. It has navigated the COVID-19 crisis well and posted strong 7.7% loan book growth in H121, a 10bp cost of risk (below its closest peers) and a solid capital base (CET1 ratio of 13.7% at end-H121 versus a regulatory requirement of 8.2%). Management has confirmed its FY21 guidance and medium-term targets, but plans to update the latter in March 2022 as the targeted 10% ROE and 20% share of green loans in loan book are already within reach in FY21.Procredit Holding Ag & Co Kgaa. ProCredit Holding AG & Co KGaA is a Germany-based company, which is primarily engaged in the financial services industry. The Company operates as a parent for development-oriented ProCredit group, which consists of commercial banks for small and medium enterprises (SMEs) and whose operational focus is on South Eastern and Eastern Europe. In addition to this regional presence, the ProCredit group is also active in South America and Germany. The Company operates through various subsidiaries, such as ProCredit Bank SA, ProCredit Bank (Bulgaria) EAD, ProCredit Bank AG, ProCredit Academy GmbH, Quipu GmbH, ProCredit Bank SA, ProCredit Bank ShA, Banco ProCredit Colombia SA, Banco ProCredit SA, JSC ProCredit Bank, Banco Pyme Los Andes ProCredit SA, BC ProCredit Bank, JSC ProCredit Bank, as well as operates special purpose vehicles PC Finance II BV and Fideicosimo Primera Tituarizacion de Cartera Comercial Pymes ProCredit, among others.
Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.
.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.