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The ProCredit group is a group of commercial banks for small and medium enterprises (SMEs), which operate in South Eastern and Eastern Europe, South America and Germany. ProCredit Holding AG & Co. KGaA, based in Frankfurt am Main, Germany, is the parent company of the development-oriented ProCredit group. The ProCredit group is dedicated to an ethical corporate mission and as such the group aims to combine a high development impact with commercial success.
ProCredit Holding, which traces its roots back to Internationale Micro Investitionen AG founded in 1998, is managed by Dr Gabriel Schor, Sandrine Massiani, and Borislav Kostadinov. It has a Fitch Rating of BBB. As the group’s superordinated institution, it is regulated by the German and European supervisory authorities. According to the annual report for 2017, its total assets amounted to approximately EUR 5.5 billion. It holds customer deposits of about EUR 3.6 billion and has a gross loan portfolio of around EUR 3.9 billion.
ProCredit group banks
A full list of the banks in the ProCredit group can be found on ProCredit Holding’s website.
ProCredit Holding has the legal form of a partnership limited by shares. The following shareholders held more than 5% of the shares in ProCredit Holding as of 21 December 2016, thus representing the main shareholders:
- Zeitinger Invest GmbH (16.8%)
- KfW (13.2%)
- The Dutch DOEN Participaties (12.5%)
- IFC (10%)
- TIAA (8.6%)
- Other shareholders (together 38.9%)