Brief: Procredit Holding FY Consolidated Result Up 13.3% At EUR 54.5 Mln

ProCredit Holding AG

27/03/2019 05:58

March 27 (Reuters) - ProCredit Holding AG & Co KGaA  PCZ.DE :
    * CONSOLIDATED RESULT FOR 2018 INCREASES BY 13.3% TO EUR 54.5 MILLION (2017: EUR 48.1
MILLION)
    * DIVIDEND OF EUR 0.30 PER SHARE WILL BE RECOMMENDED AT NEXT ANNUAL GENERAL MEETING
    * RETURN ON EQUITY FOR 2018 INCREASES WITHIN FORECASTED RANGE TO 7.6% (2017: 7.1%)
    * GROSS LOAN PORTFOLIO IS EXPECTED TO GROW BY 10% TO 13% DURING 2019
    * OUTLOOK 2019: COST/INCOME RATIO IS ANTICIPATED TO BE BELOW 70%
    * OUTLOOK 2019: CONSOLIDATED PROFIT IS EXPECTED TO BE BETWEEN EUR 48 MILLION AND EUR 55
MILLION
    * OUTLOOK 2019: COMMON EQUITY TIER 1 CAPITAL RATIO WILL CONTINUE TO EXCEED 13%
    * CET1 FULLY LOADED INCREASED FROM 13.7% AS AT END-2017 TO 14.4% AS AT 31 DECEMBER 2018
    * CUSTOMER LOAN PORTFOLIO GROWS BY 12.3% TO EUR 4.4 BILLION IN 2018

Source text for Eikon:  ID:nEQ13lvmJa 
Further company coverage:  PCZ.DE 

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