Frankfurt am Main, 7 July 2017 – The Management Board of ProCredit General Partner AG (the personally liable managing partner of ProCredit Holding AG & Co. KGaA) raised ProCredit Holding’s forecast for growth of the customer loan portfolio during the 2017 financial year on the basis of preliminary figures for the first half of the year. The grounds for adjusting the forecast were the operational performance during the first half of the year, which was substantially better than anticipated at the start of the period, and the expectation that performance will continue to be good in the second half of 2017.
Initially, it was expected that overall customer loan portfolio net growth would range between 5% and 8% during the 2017 financial year. The Management Board now expects the net growth of the overall customer loan portfolio in 2017 to be above 8%. Growth in the core segment of loans over EUR 30,000 had been expected to be around 10% in the 2017 financial year. Growth in this core segment is now forecast to be above 10% in 2017. The Management Board will define the forecast in greater detail after a complete review of the figures for the first half of 2017.
The forecasts for return on equity (RoE) and the CET1 capital ratio remain unchanged. The RoE for the 2017 financial year is expected to range between 7% and 9%. The CET1 capital ratio is expected to be above 13% after the sale of the institutions in El Salvador and Nicaragua.
ProCredit Holding AG & Co. KGaA’s report on the first half of 2017 is scheduled for publication on 14 August 2017.