ProCredit Holding

Overview
Price performance
Financials
Research
Sector insights
Thematics

ProCredit Holding (PCB) is a German-based group operating regional banks across South Eastern and Eastern Europe and Ecuador. The banks focus on micro, small and medium-sized enterprises and private clients.

The economic outlook for 2025 is benign, with GDP growth of 2.5% or more across all countries of ProCredit’s operations (except for Ecuador: 1.2%), according to the IMF’s October 2024 forecasts. The company’s performance should be driven by its in-depth, impact-oriented relationships with its SME borrowers, prudent credit risk management and solid capital base (CET-1 ratio of 14.3% at end-H124). Further long-term drivers include low banking sector penetration in the region, the scaling potential of its regional banks and an improving deposits to loans ratio.

Latest Insights

Financials |
Update

20.08.24

ProCredit Holding — Executing its updated strategy

Financials |
Update

21.05.24

ProCredit Holding — A solid start to 2024

Financials |
Outlook

29.04.24

ProCredit Holding — New strategy targets ROE of 13–14%

Financials |
Update

29.11.23

ProCredit Holding — Profitability not fully rewarded by the market

Visit Website

Sector

Financials

Equity Analyst

Milosz Papst

Head of Content, Investment Trusts

Key Management

Christian Dagrosa

Management Board Member
Dr Gian Marco Felice

Management Board Member
Eriola Bibolli

Management Board Member
Hubert Spechtenhauser

Chairman
Sandrine Massiani

Management Board Member

Share Price Performance

Price Performance
%	1M	3M	12M
Actual	(9.0)	(10.0)	(2.5)
Relative	(5.9)	(13.1)	(18.4)
52 week high/low	€10.0/€7.2

Financials

ProCredit Holding’s medium-term target is to grow its loan portfolio to more than €10bn (vs c €6bn at end-2023) and reach a return on equity of c 13–14%. It has displayed good early traction with respect to increasing its loan book and deposit base diversification. Its micro, small and private clients accounted for 60% of loan book growth in H124, while 90% of the deposit growth came from private clients.