ProCredit Bank intensifies crediting SMEs

A year after it first listed at the Frankfurt Stock Exchange, ProCredit Holding, the sole stockholder of ProCredit Bank Serbia, secured another EUR 61 million through a capital increase, which will enable this banking group to continue supporting and financing small and medium companies in Serbia and other countries in this part of Europe even more intensively.

The said capital increase was realized through the issuing of nearly 5.4 million new shares, primarily to institutional investors in Germany and Great Britain.

– ProCredit Banks have been recognized as reliable partners to small and medium enterprises in all the markets they operate in and we want to provide an even greater support in the coming period, as these companies are the backbone of and the biggest contributor to the economic development in Southeast and East Europe. In countries such as Serbia, we expect the conditions for a further development of the SME sector to remain favorable. As a responsible banking group, we strive to support the economic growth based on environmental and social aspects. I am glad that our unique approach and the positive outlook for the development of SME clients have been recognized in the capital market – explained Borislav Kostadinov, Member of the Management Board of ProCredit General Partner AG.