ProCredit Holding AG Adjusts Medium-Term RoE Outlook Following Business Strategy Update

On March 12, 2024, ProCredit Holding AG announced a significant adjustment to its medium-term outlook for the group’s return on equity (RoE), increasing the forecast from around 12% to a new target of 13-14%. This revision comes as a result of updates made to the group's business strategy.

The group will present its updated business strategy during its second Capital Markets Day, scheduled for March 21, 2024. Dubbed as a strategic move to refine its direction, this occasion will also serve as a platform for ProCredit Holding AG to elaborate on the rationale behind the new RoE targets. Additionally, the Annual Report for 2023 along with the Impact Report package for the same year will be released the day before, on March 20, 2024, offering stakeholders more comprehensive insights into the group's performance and strategic focus.

ProCredit Holding AG, located in Frankfurt am Main, Germany, oversees the development-oriented ProCredit group, which consists of commercial banks dedicated to serving small and medium-sized enterprises (SMEs). The group has a pronounced operational presence in South Eastern and Eastern Europe, as well as in South America and Germany.