EBRD buys 3.6% of ProCredit Holding

The European Bank for Reconstruction and Development has bought a 3.6% in ProCredit Holding, the parent company of the ProCredit banking group, by acquiring 2.14 million shares through a capital increase.

– We are happy to participate in this first capital increase raised through the capital markets to support further growth of the Group and improve access of SMEs to responsible finance in our countries of operations – said Henry Russell, EBRD director, Financial Institutions, Western Balkans, Belarus, Moldova and Ukraine, as per the press release.

– The two financial institutions have been longstanding partners with joint undertakings in south eastern and eastern Europe – the EBRD said.

In Southeast Europe (SEE), ProCredit group, which consists of banks providing financing to small and medium-sized enterprises (SMEs), has units in Bulgaria, Romania, Moldova, Serbia, Kosovo, Bosnia and Herzegovina, Macedonia and Albania.

EBRD London

ProCredit Holding AG Njemačka

European Bank for Reconstruction and Development

EBRD

ProCredit Holding

ProCredit Bank

Henry Russell

financing small and medium companies

financing SMEs