DGAP-News: ProCredit Holding AG & Co. KGaA / Key word(s): Corporate Action
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ProCredit Holding confirms continued strong loan portfolio growth for the group in 2017 and is considering a capital increase to fund further growth prospects
The ProCredit group's customer loan portfolio has experienced continued strong growth in the second half of the 2017 financial year. As communicated on 14 August 2017 and in light of the continued strong development of its loan portfolio, ProCredit Holding AG & Co. KGaA (ProCredit Holding), the parent company of the ProCredit group, is considering an equity increase of up to 10% within the scope of the existing Authorised Capital. This increase would further strengthen its capital base and enable it to take advantage of the attractive prospects for additional growth in its target customer segment of small and medium-sized enterprises (SMEs).
A capital increase may take place in the course of the upcoming months. However, no decisions have yet been taken by the boards of ProCredit Holding. Furthermore, any capital increase is subject to numerous factors including appropriate market conditions.
Berenberg and equinet Bank act as financial advisors to ProCredit Holding.
Nadine Frerot, Investor Relations, ProCredit Holding,
About ProCredit Holding AG & Co. KGaA
This announcement may include statements that are, or may be deemed to be, "forward-looking statements". These forward-looking statements may be identified by the use of forward-looking terminology, including the terms "believes", "estimates", "plans", "projects", "anticipates", "expects", "intends", "may", "will" or "should" or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, objectives, goals, future events or intentions. Forward-looking statements may and often do differ materially from actual results. Any forward-looking statements reflect ProCredit Holding's current view with respect to future events and are subject to risks relating to future events and other risks, uncertainties and assumptions relating to ProCredit Holding's business, results of operations, financial position, liquidity, prospects, growth or strategies. Forward-looking statements speak only as of the date they are made. ProCredit Holding, Berenberg and equinet Bank, and their respective affiliates, expressly disclaim any obligation or undertaking to update, review or revise any forward looking statement contained in this announcement whether as a result of new information, future developments or otherwise.
12.01.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
|Company:||ProCredit Holding AG & Co. KGaA|
|60486 Frankfurt am Main|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Stuttgart, Tradegate Exchange|
|End of News||DGAP News Service|