Germany's ProCredit Q1 net interest income rises

ProCredit Holding AG

13/05/2026 06:07

Overview

Germany development bank's Q1 operating income up nearly 5% yr/yr, loan portfolio grows 2.6%

Net interest income rises 8.6% yr/yr

Company proposes EUR 0.47 per share dividend for FY 2025

Result Drivers

MICRO AND SMALL SEGMENT GROWTH - More than 80% of loan growth came from higher-yielding, lower-volume micro and small enterprise and retail clients

CLIENT BASE EXPANSION - Number of active clients grew by around 12,500, with micro clients up 10.4% and retail clients up 3.5%, supported by automation and mobile banking initiatives

FEE INCOME DECLINE - Net fee and commission income fell 4.4% yr/yr, mainly due to lower income from foreign exchange transactions and account services after euro adoption in Bulgaria

Company press release: ID:nEQ3dl1R9a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net Interest Income
EUR 92.30 mln
Q1 CET1 Ratio
12.90%
Q1 Operating Income
EUR 110.50 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy"

Wall Street's median 12-month price target for ProCredit Holding AG is €15.50, about 95.7% above its May 12 closing price of €7.92

The stock recently traded at 5 times the next 12-month earnings vs. a P/E of 4 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)