- Corporate Rating update brings ProCredit Holding into circle of Industry Leaders in sustainable finance in the oekom Universe
- Products and services particularly eligible from ecological and social viewpoint
- Special sustainability standards in lending business
Following an update issued by sustainability rating agency oekom research AG (oekom), ProCredit Holding AG & Co KGaA has been awarded a rating of “B-”. The previous rating has been upgraded by two points, further confirming the group’s existing Prime status. At the time of this evaluation, therefore, ProCredit Holding was one of the three best placed companies (i.e. Industry Leaders) in the Sustainable Finance segment.
ProCredit’s sustainability approach is backed up by a group-wide strategy. Borislav Kostadinov, Member of the Management Board of ProCredit General Partner AG (sole liable managing entity of ProCredit Holding AG & Co. KGaA), said: “We welcome this upgrade in our rating as we believe that it reflects our continuing efforts to improve our environmental management system further.”
As at 30 September 2017, the ProCredit banks’ total Green Loan Portfolio – i.e. loans specifically disbursed to support environmentally responsible projects – amounted to EUR 428.4 million (9/2016: EUR 295.9 million). This equated to a share of 11.3% of the total loan portfolio (9/2016: 8.3%).
oekom research AG is one of the world’s leading rating agencies in the area of sustainable investment. Since 1993, it has actively helped to shape the sustainable investment market. The oekom Research Universe comprises more than 3,800 companies which have been rated by the agency.
A summarised version of the Corporate Rating Report is now available in English on the ProCredit Holding website under Investor Relations at https://www.procredit-holding.com/investor-relations/rating/
Andrea Kaufmann, Group Communications, ProCredit Holding
Tel.: +49 69 951 437 138, e-mail: Andrea.Kaufmann@procredit-group.com
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 banks for small and medium enterprises (SMEs) and whose operational focus is on South-Eastern and Eastern Europe. In addition to this regional focus, 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 (comprising the investment vehicles for ProCredit staff), the Dutch DOEN Participaties, 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.