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Home›Moldova banks›ProCredit: the annual general meeting of ProCredit Holding approves a dividend of 0.18 EUR per share

ProCredit: the annual general meeting of ProCredit Holding approves a dividend of 0.18 EUR per share

By George Taylor
May 28, 2021
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ProCredit Holding AG & Co. KGaA (ProCredit Holding), based in Frankfurt Main, Germany, which is the parent company of the development-oriented ProCredit group consisting of commercial banks for small and medium-sized enterprises (SMEs) and whose operational objective is South East and Eastern Europe, yesterday held its Annual General Meeting for 2021. Given the ongoing COVID-19 pandemic, the Annual General Meeting was held under the form of a virtual general assembly, like the previous year.

A total of 72.93% of the share capital participated in the vote. The annual general meeting approved by a large majority all the proposals submitted to the vote.

The Management Board reported on the positive operational performance of the ProCredit group during fiscal year 2020 and the first months of the current year. With a 9.5% growth in the customer loan portfolio and another positive consolidated result of 41.4 million euros, the ProCredit group had demonstrated the strength of its business model focused on sustainable development in the harsh environment of 2020 posed by COVID-19. With a portfolio growth of 3.0% and a consolidated result of 15.6 million euros in the first quarter, up 1.9 million euros compared to the previous year, ProCredit also got off to a good start. current year 2021.

The ordinary general meeting approved the actions of the general partner and the supervisory board during fiscal year 2020.

The Ordinary General Meeting also decided to pay a dividend of 0.18 EUR per share. This amount corresponds to a value of 20 basis points of the Common Equity Tier 1 capital ratio of the ProCredit group and therefore to the maximum amount recommended by the European Central Bank for dividend distributions, which is in effect until September 30, 2021. In addition, the management The Board, in coordination with the Supervisory Board, intends to propose to an Extraordinary General Meeting, to be held no later than December 31, 2021, that a new dividend of EUR 0.35 per share be distributed for fiscal year 2020, subject to no recommendation from the German Federal Financial Supervisory Authority or the European Central Bank opposing such distribution.

In the context of the elections to the Supervisory Board, Mr. Rainer Ottenstein was re-elected to the Supervisory Board after the expiration of his ordinary mandate. In addition, MM. Christian Krämer and Petar Slavov had resigned as members of the Supervisory Board of ProCredit Holding AG & Co. KGaA at the end of this year’s Annual General Meeting. Ms Jovanka Joleska Popovska and Dr Jan Martin Witte were newly elected to the company’s supervisory board in their place. Ms. Jovanka Joleska Popovska was for many years Managing Director of ProCredit Bank North Macedonia and today is a member of the respective supervisory boards and audit committees of ProCredit banks in Moldova and Albania. Dr Jan Martin Witte is Director of Global Equities and Funds (LNd) in the Development Banking Division of Kreditanstalt für Wiederaufbau (KfW). He also has many years of experience in development finance. The Chairman of the Supervisory Board of ProCredit Holding, Dr Claus-Peter Zeitinger, speaking also on behalf of the other members of the Supervisory Board, thanked MM. Christian Krämer and Petar Slavov for their commitment and valuable contribution over the past years, and welcomed Ms. Jovanka Joleska Popovska and Mr. Jan Martin Witte to the Supervisory Board of ProCredit Holding.

BDO AG Wirtschaftsprüfungsgesellschaft, Hamburg, has been appointed auditor of the group’s consolidated accounts for the financial year 2021.

The results of the vote on the various agenda items as well as further information on the Annual General Meeting will be published on the company’s website at the following address: https://procredit-holding.com/investor-relations/general-meetings/

Contact:
Andrea Kaufmann, Group Communications, ProCredit Holding, Tel .: +49 69951437138,
Email: [email protected]

About ProCredit Holding AG & Co. KGaA
ProCredit Holding AG & Co. KGaA, based in Frankfurt am Main, Germany, is the parent company of the development-oriented ProCredit group, which includes commercial banks for small and medium-sized enterprises (SMEs). In addition to its operational focus on South-Eastern and Eastern Europe, the ProCredit group is also active in South America and Germany. The company’s shares are traded on the Prime Standard segment of the Frankfurt Stock Exchange. The main shareholders of ProCredit Holding AG & Co. KGaA include strategic investors Zeitinger Invest and ProCredit Staff Invest (the investment vehicle for ProCredit staff), the Dutch company DOEN Participaties BV, KfW Development Bank and IFC ( which is part of the World Bank Group). As the top group company under German banking law, ProCredit Holding AG & Co. KGaA is supervised at a consolidated level by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, BaFin) and the German Bundesbank. For more information visit: www.procredit-holding.com

Forward-looking statements
This press release contains statements relating to our future business development and financial performance, as well as statements relating to future actions or developments affecting ProCredit Holding which may constitute forward-looking statements. These statements are based on the management of ProCredit Holding’s current expectations and specific assumptions, many of which are beyond the control of ProCredit Holding. They are therefore subject to a multitude of risks, uncertainties and factors. If one or more of these risks or uncertainties materialize, or if the underlying expectations or assumptions turn out to be incorrect, the actual results, performance and achievements (both negative and positive) of ProCredit Holding may differ materially from those expressed or implied in the forecasts. declaration. ProCredit Holding assumes no obligation to update these forward-looking statements or to correct them in the event of deviations from the expected development.



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