EQS-News

ProCredit Management Board presents updated business strategy for a broadened ProCredit footprint on its second Capital Markets Day

EQS-News: ProCredit Holding AG / Key word(s): Capital Markets Day/Miscellaneous ProCredit Management Board presents updated business strategy for a broadened ProCredit footprint on its second Capital Markets Day 25.03.2024 / 10:10 CET/CEST The issuer is solely responsible for the content of this announcement. ProCredit Management Board presents updated business strategy for a broadened ProCredit footprint on its second Capital Markets Day

• A new era for ProCredit: positioning as an attractive and responsible bank for private individuals to be enhanced to complement the group’s strong footing as a leading MSME bank in South Eastern and Eastern Europe
• Loan portfolio to grow to more than EUR 10bn in the medium term and achieve important scaling effects
• Investments in staff, IT, marketing and market presence to accelerate client and balance sheet growth
• Strong profit growth planned with medium-term RoE outlook raised to ~13%-14%
• Accelerated efforts to achieve the group’s net-zero commitment through targeted client engagement

Frankfurt, 25 March 2024 – Last week on Thursday, ProCredit Holding held its second Capital Markets Day for investors and analysts. On the back of a very successful year 2023, the Management Board presented the updated business strategy of the group, which foresees significantly increasing ProCredit’s footprint in its existing markets in South Eastern and Eastern Europe over the next years. As a result, the group aims to achieve important scaling effects, strengthen its margins on both sides of the balance sheet, and amplify the positive impact it has in the region. Managers from the ProCredit banks in Kosovo, Ukraine, and Bosnia & Herzegovina discussed the implications of the updated business strategy in their respective local contexts and described ProCredit’s strong positioning as a green and responsible bank for MSMEs and private clients in South Eastern and Eastern Europe.