Why procredit Is Trending Today?

ProCredit Holding AG, a leading microfinance institution, has announced its financial results for the first half of 2022. The company reported a net profit of €11.2 million, a 15% increase compared to the same period last year. ProCredit also saw a significant increase in its loan portfolio, which grew by 12% to €4.5 billion. The company attributed this growth to its expansion in new markets and increased demand for its financial services. ProCredit's total assets reached €5.6 billion, marking a 10% increase from the previous year.

ProCredit Holding AG, a German-based financial services provider, has released several updates via EQS-DD. In a recent development, the company's profits have been impacted by risky loans, as reported by WDH. Despite this, ProCredit has stated that it does not anticipate any further significant risk provisions for the remainder of the year.