trending Market Intelligence /marketintelligence/en/news-insights/trending/yrlaq5dfxe96qonojaarvw2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

ProCredit Holding lowers dividend as FY'17 profit drops YOY

Blog

Banking Essentials Newsletter - February Edition, Part 2

Podcasts

StreetTalk – Episode 74: Investor sees legs in strong credit performance, US bank stock rally

Blog

Street Talk – Episode 74: Investor sees legs in strong credit performance, US bank stock rally

Blog

The Evolution of ESG Factors in Credit Risk Assessment: Environmental Issues


ProCredit Holding lowers dividend as FY'17 profit drops YOY

Germany-based ProCredit Holding AG & Co. KGaA lowered its proposed divided for 2017 to 27 cents per share from 38 cents per share a year prior, as its full-year 2017 profit attributable to shareholders dropped to €46.3 million from €59.4 million in 2016.

EPS for the year declined to 86 euro cents from €1.16 a year earlier. Return on equity also fell year over year to 7.1% from 9.6%.

The bank said it anticipates a return on average equity for 2018 of between 7.5% and 8.5% and a medium-term RoAE of about 10%.