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PRESS RELEASE: ProCredit Holding AG & Co KGaA announces the successful sale of Banco ProCredit Colombia S.A.

| Quelle: Dow Jones Newsw... | Lesedauer etwa 3 min. | Text vorlesen Stop Pause Fortsetzen


DGAP-News: ProCredit Holding AG & Co. KGaA / Key word(s): Miscellaneous
ProCredit Holding AG & Co KGaA announces the successful sale of Banco
ProCredit Colombia S.A.

2019-10-17 / 17:20
The issuer is solely responsible for the content of this announcement.

*ProCredit Holding AG & Co KGaA announces the successful sale of Banco
ProCredit Colombia S.A.*

Frankfurt am Main, 17 October 2019 - Following approval by the Financial
Superintendence of Colombia, ProCredit Holding completed the sale of its
Colombian subsidiary to _Créditos y Ahorros Credifinanciera S.A. _on 16
October 2019_._ Banco ProCredit Colombia S.A. was sold according to the
terms outlined by ProCredit Holding in the Q1 financial report in May 2019.
The overall financial impact of the transaction, which will be fully
realised in Q4 2019, is in line with expectations. Against this background,
ProCredit confirms the forecast issued for the 2019 financial year.

*Contact: *
Andrea Kaufmann, Group Communications, ProCredit Holding, Tel.: +49 69 951
437 138,
E-mail: Andrea.Kaufmann@procredit-group.com

*About ProCredit Holding AG & Co. KGaA*
ProCredit Holding AG & Co. KGaA, based in Frankfurt am Main, Germany, is the
parent company of the development-oriented ProCredit group, which consists
of commercial banks for small and medium enterprises (SMEs). In addition to
its operational focus on South Eastern and Eastern Europe, the ProCredit
group is also active in South America and Germany. The company's shares are
traded on the Prime Standard segment of the Frankfurt Stock Exchange. The
anchor shareholders of ProCredit Holding AG & Co. KGaA include the strategic
investors Zeitinger Invest and ProCredit Staff Invest (the investment
vehicle for ProCredit staff), the Dutch DOEN Participaties BV, KfW
Development Bank and IFC (part of the World Bank Group). As the group's
superordinated company according to the German Banking Act, ProCredit
Holding AG & Co. KGaA is supervised on a consolidated level by the German
Federal Financial Supervisory Authority (Bundesanstalt für
Finanzdienstleistungsaufsicht, BaFin) and the German Bundesbank. Further
information is available on our website: www.procredit-holding.com.

*Forward-looking statements *
This press release contains statements which refer to our future business
operations and future financial performance parameters, as well as to future
events or developments relating to ProCredit Holding, and which could be
regarded as forward-looking statements. Such statements are based on present
expectations and certain assumptions on the part of the Management of
ProCredit Holding. They are therefore subject to numerous risks,
uncertainties and contingencies, many of which lie outside ProCredit
Holding's control. If one or several of these risks or uncertainties should
materialise, or if it should transpire that the underlying expectations are
not fulfilled or the assumptions were not correct, then the actual results,
performance and success of ProCredit Holding may differ in a materially
positive or negative manner from those results that were explicitly or
implicitly mentioned in the forward-looking statement. ProCredit Holding
does not undertake any obligation to update these forward-looking statements
or to correct them in the event of deviations from the expected development.

2019-10-17 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Language: English
Company: ProCredit Holding AG & Co. KGaA
Rohmerplatz 33-37
60486 Frankfurt am Main
Germany
Phone: +49-69-951437-0
Fax: +49-69-951437-168
E-mail: pch.info@procredit-group.com
Internet: www.procredit-holding.com
ISIN: DE0006223407
WKN: 622340
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Dusseldorf, Stuttgart, Tradegate Exchange
EQS News ID: 892103

End of News DGAP News Service

892103 2019-10-17



(END) Dow Jones Newswires

October 17, 2019 11:20 ET ( 15:20 GMT)
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