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See moreFrankfurt am Main, 10 November 2022 – The ProCredit group, which is mainly active in South Eastern and Eastern Europe, recorded a result of EUR 17.3 million in the first nine months of 2022. This corresponds to an annualised RoE of 2.7%. Operating income increased by 21% y-o-y, contributing to the good reduction in the cost-income ratio by 1.7 percentage points to a level of 60.7%. The result continues to be marked by high levels of provisions of EUR 79.1 million, of which EUR 73.1 million were built for the group’s Ukrainian portfolio. Overall, the group’s 9M 2022 results show good progress with regard to the guidance metrics for the financial year 2022. ->
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