Despite a weaker development in the first half of the year, the Procredit Holding mostly maintains its destinations for 2025.
In the first six months, interest surplus, operational income, profit and return on equity decreased compared to the same period in the previous year, as the company listed in the SDAX announced on Thursday in Frankfurt. The loan volume grew by 7.2 percent currency -adjusted, but for the full year the board continues to expect an increase of 12 percent. As usual, the return on equity should reach about 10 percent, although it was only 9 percent in the first half of the year.
However, CEO Hubert Spechtenhauser is now assuming a slightly poorer cost development: This year the costs are likely to stop around 70 percent of the yields this year. So far, he had promised a quota of a good 68 percent of the previous year.
The bottom line was that ProCredit Holding earned 47 million euros in the first half of the year, almost 11 percent less than a year earlier.
/STW/MIS
Frankfurt (dpa-Afx)
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