ProCredit Holding (PCB) has decided to build on its recent solid performance (FY23 return on equity, ROE, of 12.2%) and announced an updated strategy to drive its ROE to 13–14% in the medium term. PCB’s management aims to achieve this by becoming a universal bank for micro, small and medium-sized enterprises (with an increased focus on the lower end of the segment) and private individual clients. This should allow it to grow its loan book to more than €10bn, bring its deposit-to-loan ratio above 120% and offset the impact of declining base rates on its net interest margin (NIM) in the medium term. Management also aims to reach a cost-to-income ratio (CIR) of around 57%.
29 April 2024
Edison Group #Procredit #Financials
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