Brief: Procredit Holding AG Outlook For 2023 Of 6-8%

ProCredit Holding AG

23/03/2023 06:08

March 23 (Reuters) - Procredit Holding Ag & Co Kgaa
 PCZ.DE :
    * EQS-NEWS: PROCREDIT HOLDING AG & CO. KGAA: PROCREDIT GROUP
WITH
ROBUST FINANCIAL RESULT AND GOOD OPERATING PROFITABILITY IN
2022, ROE OUTLOOK FOR 2023 OF 6-8%
    * FY GROUP RESULT OF EUR 16.5 MILLION (ROE AT 1.9%) INCLUDES
EUR
86.7 MILLION IN PROVISIONS FOR UKRAINIAN LOAN PORTFOLIO
    * FY CET1 RATIO (FULLY LOADED) OF 13.5% AND LEVERAGE RATIO
OF 8.9%
    * FY OPERATING INCOME UP 21% WITH POSITIVE NET INTEREST
MARGIN
DEVELOPMENT
    * PROCREDIT HOLDING - POSITIVE SHORT-TERM FORECAST, EVEN
UNDER
ADVERSE MACROECONOMIC CONDITIONS; MEDIUM-TERM ROE FORECAST
RAISED TO AROUND 12%
    * CET1 CAPITAL RATIO IS EXPECTED TO BE AT A SOLID LEVEL OF
OVER
13% AT YEAR-END 2023
    * FY NET INTEREST INCOME GREW BY EUR 42.6 MILLION OR 19.2%
TO EUR
264.6 MILLION

Source text for Eikon:  ID:nEQ27HL8na 
Further company coverage:  PCZ.DE 

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