Germany · Delayed Price · Currency is EUR ProCredit Holding AG Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 saw strong loan and client growth, especially in micro and retail, with operating income up 5% year-on-year and ROE at 8%. Guidance for 2026 is reaffirmed, targeting 12%-15% loan growth and 7% ROE, despite geopolitical risks and fee income headwinds.
Fiscal Year 2025
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Strong loan and deposit growth of 13% FX-adjusted in 2025, with digital transformation accelerating and a stable CET1 ratio of 13.1%. 2026 ROE is guided at 7% due to ongoing investments and one-offs, but medium-term targets of 13%-14% ROE and improved cost efficiency remain on track.
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Loan portfolio grew 10.2% year-over-year, driven by micro, small, and retail segments, but profitability was impacted by a one-time Q3 provision. ROE guidance for 2025 was revised down to 7%-8%, while medium-term targets remain unchanged.
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Loan portfolio grew 7.2% FX-adjusted in H1 2025, with strong retail and SME momentum and a 9% ROE. Strategic investments are largely absorbed, cost-income ratio is elevated at 70.9%, and guidance for 2025 is reaffirmed despite macroeconomic uncertainty.
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Strong Q1 2025 results with 2.5% loan growth, 9.5% ROE, and robust performance in micro and small segments. CET1 ratio remains solid at 13.1%, while cost-income ratio is expected to improve as scaling effects materialize.
Fiscal Year 2024
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Historic loan and deposit growth drove solid results, with ROE at 10.2% and CET1 at 13.1%. Strategic investments and challenges in Ecuador and Ukraine impacted costs, but the group remains on track for its medium-term targets and expects continued dynamic growth in 2025.
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Strong loan and deposit growth, especially in lower volume segments, drove a 9% top-line increase and robust profitability, despite cost pressures from strategic investments and headwinds in Ukraine and Ecuador. Updated guidance expects >10% loan growth and ~10% ROE for 2024.
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Loan and deposit growth exceeded targets in H1 2024, with strong profitability and robust capital ratios. Strategic investments in IT and staff drove higher costs, but outlook and guidance for the year remain positive, with continued focus on disciplined growth and risk management.