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  • 21 Aug, 2019

  • By, Wikipedia

ProCredit Bank
The ProCredit Bank Deutschland is a bank based in Frankfurt am Main. It is the youngest bank of the ProCredit Holding, which operates primarily in Southeastern and Eastern Europe as well as in South America and wants to make a contribution to sustainable economic development through responsible banking business. The admission of the customer business in Germany took place in March 2013.

Business model

The ProCredit Bank in Germany provides financial services for the ProCredit Banks worldwide and at the same time offers private and corporate customers in Germany a platform for engagement in Southeastern and Eastern Europe as well as South America. The bank specializes in small and medium-sized enterprises. The ProCredit Bank finances renewable energy projects and has an exclusion list for activities that are not funded. It also takes into account environmental risks when lending.

Within the ProCredit Holding, the ProCredit Bank in Germany is also a service bank for the other ProCredit Banks. It supports the liquidity management and financing of the ProCredit Holding Banks.

The ProCredit Bank is subject to German statutory deposit insurance. In addition, it is affiliated to the Deposit Guarantee Fund of the Bundesverband deutscher Banken. This increases the security limit to € 9,950,000 per customer.

Ownership

The shares of the bank are held in full by the Frankfurt-based ProCredit Holding. This is a public-private partnership and the parent company of the ProCredit banks. The most important owners of the ProCredit Holding are Zeitinger Invest GmbH together with ProCredit Staff Invest GmbH & Co KG.

Other important shareholders are the German state development bank Kreditanstalt für Wiederaufbau (KfW) and the International Finance Corporation (IFC, a member of the World Bank Group) as well as the Dutch DOEN Foundation. In addition, various long-term and development-oriented investment companies are shareholders in the holding.

Banking supervision

Since the issuing of the banking license for the ProCredit Bank in Germany, the ProCredit Holding banks worldwide are under the consolidated supervision of the Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, BaFin) and the Deutsche Bundesbank. Holding-wide risk management and standardized reporting for all countries were set up in accordance with German regulatory requirements.

References

  1. ^ "Geschäftsbericht 2017" (PDF). ProCredit Holding. Retrieved 19 June 2019.
  2. ^ "Tagesgeld 24". ProCredit Bank. Retrieved 19 June 2019.
  3. ^ "Procredit - Bank für bessere Unternehmer". Frankfurter Allgemeine. 20 May 2018. Retrieved 19 June 2019.
  4. ^ "Wie wir "grün" umsetzen" (PDF). ProCredit Bank. Retrieved 19 June 2019.
  5. ^ "Einlagensicherungsfonds". Entschädigungseinrichtung deutscher Banken. Retrieved 19 June 2019.
  6. ^ "ProCredit Holding bereitet Notierung an der Frankfurter Wertpapierbörse vor". finanzen.net. 8 December 2016. Retrieved 19 June 2019.
  7. ^ "ProCredit Holding: Die etwas andere Bank-Aktie". Börsengeflüster. Retrieved 19 June 2019.
  8. ^ "Gruppe bestehender Aktionäre zeichnet neue Aktien". PRESSEPORTAL. 3 November 2016. Retrieved 19 June 2019.
  9. ^ "Direkte Teilnehmer an TARGET2-Bundesbank" (PDF). Deutsche Bundesbank. 25 September 2017. Retrieved 19 June 2019.
  10. ^ "ProCredit Holding: Strategie wird gut angenommen". wallstreet:online. Retrieved 19 June 2019.
  11. ^ "Warum wir Regulierung wichtig finden". ProCredit Bank. Retrieved 19 June 2019.

50°07′16″N 8°38′41″E / 50.121166°N 8.644731°E / 50.121166; 8.644731

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