ProCredit Group Reports Record Growth in 2024

ProCredit Holding AG & Co. KGaA posted an extraordinary business year in 2024, marked by unrivaled growth in loans and deposits while maintaining a robust financial performance. The group's loan portfolio expanded by EUR 784 million, the largest increase in its history. Deposits also surged by a record EUR 1.0 billion, driven mainly by private clients.

The Frankfurt-based group, mainly active in South Eastern and Eastern Europe, reported a noteworthy return on equity (RoE) of 10.2%, despite a higher cost-income ratio of 68.1% due to strategic investments. Management forecasts a 10% RoE for 2025 with potential growth to 13-14% in subsequent years.

Significant contributions to growth stemmed from smaller banks in regions like Albania and Georgia, which saw strong demand from micro and small enterprises. Despite challenges in Ukraine and Ecuador, strategic investments included EUR 20 million in Ukraine with the backing of a German investment guarantee.