ProCredit Holding
| Company type | Private |
|---|---|
| Industry | Banking, Financial services |
| Founded | 1998 |
| Headquarters | Germany |
Area served | Southeastern and Eastern Europe, Ecuador, Germany |
Key people | Hubert Spechtenhauser (Chairman), Eriola Bibolli, Dr. Gian Marco Felice, Christian Dagrosa |
| Products | SME banking, environmentally friendly loans, private customer banking |
| Owner | Zeitinger Invest GmbH (18.3%), KfW (13.2%), The Dutch DOEN Participaties (12.5%), EBRD (8.7%), TIAA (8.6%) |
| Website | www |
Overview
ProCredit Holding functions as the parent entity of a network of commercial banks dedicated to development, primarily serving small and medium-sized enterprises (SMEs) throughout Southeastern and Eastern Europe, Ecuador, and Germany. The group emphasizes a "socially responsible banking" philosophy within its operational framework.
Its principal services focus on SME banking, with a strategic emphasis on growing its portfolio of environmentally friendly loans and fostering local production, notably in the agricultural sector. Moreover, ProCredit adopts a direct banking model catering to private customers, particularly targeting the emerging middle-income demographic.
Established in 1998 under the name Internationale Micro Investitionen AG, ProCredit Holding’s leadership team includes Chairman Hubert Spechtenhauser, alongside Eriola Bibolli, Dr. Gian Marco Felice, and Christian Dagrosa. The group maintains a Fitch credit rating of BBB and operates under the supervision of regulatory bodies in Germany and across Europe.
Per the 2020 annual report, ProCredit’s total assets amounted to roughly EUR 7.3 billion, with customer deposits totaling close to EUR 4.9 billion and a gross loan portfolio near EUR 5.3 billion.
A fundamental strategic element is the advancement of green financing initiatives that support energy efficiency and renewable energy projects. In 2020, loans classified as green represented nearly 40% of the growth within the group’s total lending portfolio.
ProCredit Holding banks
The ProCredit group consists of the following banks, all wholly owned (100%) by ProCredit Holding:
| Name | Ownership |
|---|---|
| ProCredit Bank Albania | 100 % ProCredit Holding |
| ProCredit Bank Bosnia and Herzegovina | 100 % ProCredit Holding |
| ProCredit Bank Bulgaria | 100 % ProCredit Holding |
| ProCredit Bank Germany | 100 % ProCredit Holding |
| ProCredit Bank Ecuador | 100 % ProCredit Holding |
| ProCredit Bank Georgia | 100 % ProCredit Holding |
| ProCredit Bank Kosovo | 100 % ProCredit Holding |
| ProCredit Bank North Macedonia | 100 % ProCredit Holding |
| ProCredit Bank Moldova | 100 % ProCredit Holding |
| ProCredit Bank Romania | 100 % ProCredit Holding |
| ProCredit Bank Serbia | 100 % ProCredit Holding |
| ProCredit Bank Ukraine | 100 % ProCredit Holding |
As of 30 June 2023, shareholders owning more than 5% of ProCredit Holding included:
- Zeitinger Invest GmbH (18.3%)
- KfW (13.2%)
- The Dutch DOEN Participaties (12.5%)
- EBRD (8.7%)
- TIAA (8.6%)