PROCREDIT HOLDING AG
approximately 10% in the 2021 financial year, with the green loan portfolio growing at a much faster pace. The
medium-term target of a 20% share of green loans in the overall portfolio is thus to be passed as early as 2021. Cost
of risk is expected to remain elevated in 2021 but should be slightly below the 2020 level of 57 basis points. The
cost-income ratio is expected to further improve to between 65% and 68%. Under these conditions, an improved return on
equity of between 6.0% and 7.5% is expected. Taking into account the planned dividend distributions, a Common Equity
Tier 1 ratio (CET1 fully loaded) of approximately 13% and a leverage ratio of approximately 9% are expected at year-end
2021.
Dividend proposal for the financial year 2020 published
The Management Board of the General Partner of ProCredit Holding AG & Co. KGaA decided on 22 March 2021 to propose the
distribution of a dividend totalling EUR 10.6 million or EUR 0.18 per share at the Annual General Meeting of ProCredit
Holding scheduled for 27 May 2021. The proposed dividend corresponds to 20 basis points of the ProCredit group's Common
Equity Tier 1 capital ratio and thus to the maximum level of the European Central Bank's recommendation for dividend
payments valid until 30 September 2021. The Supervisory Board of ProCredit Holding has approved this proposal.
In agreement with the Supervisory Board, the Management Board also intends to propose a further dividend distribution
of EUR 0.35 per share no later than 31 December 2021 at an Extraordinary General Meeting which may be convened for this
purpose, provided that neither the German Federal Financial Supervisory Authority nor the European Central Bank has
issued any communication which precludes such a proposal.
In the event that the second planned dividend is also paid out, the total distribution would correspond to one third of
the cumulative consolidated results of the financial years 2019 and 2020 and thus conform to the dividend policy of
ProCredit Holding. No dividend was distributed to shareholders relating to the financial year 2019 due to the then
prevailing recommendations of the regulatory authorities.
Given the ProCredit group's clearly focused business model, its close customer relationships and conservative risk
strategy, the Management continues to view the group's medium-term development positively and endorses the medium-term
goals of 10% loan portfolio growth, a cost-income ratio below 60% and a return on equity ratio around 10%.
The ProCredit group Annual Report 2020, the non-financial Impact Report 2020 and the Disclosure Report 2020 are
available as of today in the Investor Relations section of the ProCredit Holding website at https://
procredit-holding.com/investor-relations/reports-and-publications/
Contact:
Nadine Frerot, Investor Relations, ProCredit Holding, Tel.: +49 69 951 437 300,
E-mail: pch.ir@procredit-group.com
About ProCredit Holding AG & Co. KGaA
ProCredit Holding AG & Co. KGaA, based in Frankfurt am Main, Germany, is the parent company of the development-oriented
ProCredit group, which consists of commercial banks for small and medium enterprises (SMEs). In addition to its
operational focus on South Eastern and Eastern Europe, the ProCredit group is also active in South America and Germany.
The company's shares are traded on the Prime Standard segment of the Frankfurt Stock Exchange. The anchor shareholders
of ProCredit Holding AG & Co. KGaA include the strategic investors Zeitinger Invest and ProCredit Staff Invest (the
investment vehicle for ProCredit staff), the Dutch DOEN Participaties BV, KfW Development Bank and IFC (part of the
World Bank Group). As the group's superordinated company according to the German Banking Act, ProCredit Holding AG &
Co. KGaA is supervised on a consolidated level by the German Federal Financial Supervisory Authority (Bundesanstalt für
Finanzdienstleistungsaufsicht, BaFin) and the German Bundesbank. For additional information, visit:
www.procredit-holding.com.
Forward-looking statements
This press release contains statements relating to our future business development and financial performance, as well
as statements relating to future actions or developments affecting ProCredit Holding which may constitute
forward-looking statements. Such statements are based on the management of ProCredit Holding's current expectations and
specific assumptions, many of which are beyond the control of ProCredit Holding. They are therefore subject to a
multitude of risks, uncertainties and factors. Should one or more of these risks or uncertainties materialise, or
should underlying expectations or assumptions prove incorrect, then the actual results, performance and achievements
(both negative and positive) of ProCredit Holding may differ significantly from those expressed or implied in the
forward-looking statement. ProCredit Holding does not undertake any obligation to update these forward-looking
statements or to correct them in the event of deviations from the expected development.
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2021-03-25 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: ProCredit Holding AG & Co. KGaA
Rohmerplatz 33-37
60486 Frankfurt am Main
Germany
Phone: +49-69-951437-0
Fax: +49-69-951437-168
E-mail: pch.info@procredit-group.com
Internet: www.procredit-holding.com
ISIN: DE0006223407
WKN: 622340
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Munich,
Stuttgart, Tradegate Exchange
EQS News ID: 1178198
End of News DGAP News Service
=------------ 1178198 2021-03-25
(END) Dow Jones Newswires
March 25, 2021 02:00 ET (06:00 GMT)
