ProCredit 9M result: strong loan portfolio growth in line with group ambitions for increased scale

EQS-News: ProCredit Holding AG / Key word(s): 9 Month figures/9 Month figures ProCredit 9M result: strong loan portfolio growth in line with group ambitions for increased scale 14.11.2024 / 06:58 CET/CEST The issuer is solely responsible for the content of this announcement. ProCredit 9M result: strong loan portfolio growth in line with group ambitions for increased scale

• Loan portfolio grows by a strong 9.0%, with smaller-volume segments of private, micro and small business clients as the main driver
• Deposits grow by 7.8% and the number of clients by 7.4%, underlining good progress in the group’s growth trajectory
• 9M profit of EUR 84.8 million corresponds to a return on equity of 11.3%
• Good level of profitability as +9.8% increase in operating income and low cost of risk of 8 bps balance strong investments; increased cost-income ratio
• Updated FY 2024 guidance on selected metrics: loan growth, cost-income ratio and return on equity
• 1/3 of year-end result earmarked for dividend payout in 2025

Frankfurt am Main, 14 November 2024 - The ProCredit group, which is mainly active in South Eastern and Eastern Europe, has continued on its growth path which was laid out at its Capital Markets Day at the beginning of the year. The loan portfolio grew by EUR 557 million or 9.0% across all segments and all banks in South Eastern and Eastern Europe except Ukraine. This growth was matched by a continued good deposit development of EUR 566 million or 7.8% since the beginning of the year, mainly from private clients. During the first nine months of the year (9M), the group achieved a profit of EUR 84.8 million amid continued strong investments in staff, IT and marketing; the result corresponds to a return on equity of 11.3%. Based on the performance in the first nine months and the expectations for the fourth quarter, on 5 November 2024 the Management Board updated its FY 2024 guidance for the metrics of loan growth, cost-income ratio and return on equity. Capitalisation levels remained comfortable as the group’s CET1 ratio amounted to 14.1% and the total capital ratio to 17.3% as of September 2024. Against this background, and in line with the group’s dividend policy, the Management Board intends to propose to the AGM in June 2025 a payout of 1/3 of the consolidated result for FY 2024.