DGAP-News

ProCredit Holding AG & Co. KGaA: ProCredit reports strong financial results and good growth figures as at 30 September 2021, underscoring its sustainable business model

DGAP-News: ProCredit Holding AG & Co. KGaA / Key word(s): 9 Month figures/Quarterly / Interim Statement ProCredit Holding AG & Co. KGaA: ProCredit reports strong financial results and good growth figures as at 30 September 2021, underscoring its sustainable business model 11.11.2021 / 06:57 The issuer is solely responsible for the content of this announcement. ProCredit reports strong financial results and good growth figures as at 30 September 2021, underscoring its sustainable business model

- Increase in result of 86% to EUR 62.0 million; return on equity of 10.1% in line with the medium-term forecast of around 10%

- Significant growth in customer loans of 10.4% and customer deposits of 7.6% since the beginning of the year

- Scaling effects reflected in strong improvement of cost-income ratio to 62.4% (9M 2020: 66.5%)

- Risk costs at the low level of 8 basis points thanks to further improvements in credit risk indicators

- Return on equity for the 2021 financial year as a whole is expected to be at the upper end of the increased forecast range of 8.0 - 9.5%; cost-income ratio is likely to not exceed 65%

- Extraordinary General Meeting on 8 December 2021 to decide upon the already announced further dividend payment proposal of EUR 0.35 per ordinary share for the 2020 financial year

Frankfurt am Main, 11 November 2021 - The ProCredit group, which is mainly active in South Eastern and Eastern Europe, reports good results at the end of the third quarter of the current financial year. As expected, growth in the customer loan portfolio was strong at EUR 549 million or 10.4% since the beginning of the year (9M 2020: EUR +408 million or 8.5%). The consolidated result increased by 86% to EUR 62.0 million (9M 2020: EUR 33.4 million) thanks to increased operating income and lower risk costs. With an annualized return on equity of 10.1% (9M 2020: 5.6%) the group has made an important step towards achieving its current medium-term target of a sustained profitability level of approximately 10%.