German ProCredit Holding Makes $8 Million Microfinance Investment into ProCredit Ukraine

Recently, German based international development holding company, ProCredit Holding, loaned ProCredit Bank Ukraine $8 million. ProCredit Holding, the leader of the ProCredit group—an international group of 19 microbanks in different countries, is an investment company founded in 1998. As the main shareholder of the ProCredit group, it invests in its subsidiaries. At the end of 2004, ProCredit Holding’s gross loan portfolio to its member banks amounted to over $950.9 million. ProCredit group member, ProCredit Bank Ukraine, began its operations in 2001. The bank, which specializes in micro-enterprise lending in Ukraine, had total assets of almost $133.5 million and a gross loan portfolio of almost $101.5 million at the end of 2004.

1) Consultative Group to Assist the Poor (CGAP): “Microfinance Capital Markets Update” is the best source for monthly updates on debt and equity deals in microfinance.
2) “ProCredit Holding.”
3) “ProCredit Bank: History and Shareholders.”
4) “ProCredit Bank: About the Bank.”
5) “ProCredit Bank Ukraine: Annual Report 2004.”
6) “Publications- ProCredit Holding: Annual Report 2004.”
7) “ProCredit Holding: ProCredit Institutions.”

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