Berenberg starts ProCredit with 'buy' on attractive earnings prospects

ProCredit Holding AG

25/03/2026 07:56

** Berenberg initiates ProCredit PCZ.DE with a "buy" rating, seeing attractive earnings prospects for the Frankfurt-listed bank

** The broker projects rising profits for the bank, reflecting the International Monetary Fund's 3.3% GDP growth forecasts for South Eastern and Easter Europe, which constitute ProCredit's core markets

** Berenberg also sees ProCredit's expansion into private lending and microcredit as potential growth drivers

** It notes ProCredit's historical resilience to shocks such as the global financial crisis, the COVID-19 pandemic and the war in Ukraine

** The broker views ProCredit as offering value for money, since it trades at a discount to peers

** ProCredit shares rise 4.4% in early Frankfurt trade

(Reporting by Simon Ferdinand Eibach)

((Simonferdinand.eibach@thomsonreuters.com))