24 Jan Investment Story: ProCredit
ProCredit Holding controls and manages development-oriented commercial banks operating in Eastern Europe and South America and is regulated as a bank in Germany. The Company was initially created as a micro-finance institution and has now become one of the leading banks fully focused on the SME sector. After completing its strategy shift towards small and medium enterprises finance in 2017, the Group reported 13% growth in the first nine months of 2017, supporting over 65,000 SMEs and micro entrepreneurs.
To complement its existing loan portfolio and as part of their environmental strategy, the Group launched the “green loan” portfolio that aims to increase investments in the areas of energy efficiency, sustainable energy and resource management. This strategy will involve all ProCredit banks across 22 countries, establishing a strong “Green Finance” positioning and improving its external and internal environmental impact. All financed projects must provide for at least 20% energy savings.