Brief: Procredit 9-Mth Consolidated Result Of EUR 33.4 Mln

ProCredit Holding AG

12/11/2020 05:59

Nov 12 (Reuters) - PROCREDIT HOLDING AG & CO KGAA  PCZ.DE :
    * GROUP'S PROFITABLE GROWTH CONTINUES IN THIRD QUARTER
    * DECISION ON PROPOSAL FOR APPROPRIATION OF PROFIT FOR 2019
FINANCIAL YEAR
    * 9-MONTH CONSOLIDATED RESULT OF EUR 33.4 MILLION
CORRESPONDS TO
AN ANNUALISED RETURN ON EQUITY OF 5.6%
    * COMMON EQUITY TIER 1 CAPITAL RATIO (CET1 FULLY LOADED) AS
AT 30
SEPTEMBER 2020 WAS 14.1%, AND THUS UNCHANGED SINCE END OF 2019
    * NET FEE AND COMMISSION INCOME ROSE IN Q3 BY EUR 1.5
MILLION TO
EUR 12.1 MILLION
    * TO PROPOSE TO VIRTUAL EXTRAORDINARY GENERAL MEETING OF
PROCREDIT
HOLDING AG & CO. KGAA, WHICH WILL TAKE PLACE ON 10 DECEMBER
2020, TO CARRY FORWARD PROFIT FOR FINANCIAL YEAR 2019 (EUR
96,508,787.06) IN FULL TO NEW ACCOUNT
    * COMMON EQUITY TIER 1 CAPITAL RATIO (CET1 FULLY LOADED) AS
AT 30
SEPTEMBER 2020 WAS 14.1%
    * 9-MONTH IMPROVEMENT IN COST-INCOME RATIO BY 1.9 PERCENTAGE
POINTS TO 66.5% REFLECTS A SIGNIFICANT EUR 4.6 MILLION RISE IN
EARNINGS BEFORE TAXES AND LOSS ALLOWANCES TO EUR 63.0 MILLION
    * RETURN ON EQUITY FOR YEAR 2020 AS A WHOLE IS STILL
EXPECTED TO
BE POSITIVE, ALTHOUGH LOWER THAN IN PREVIOUS YEAR

Source text for Eikon:  ID:nEQ5ry5QVa 
Further company coverage:  PCZ.DE 

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