ProCredit supports German-Ukrainian business cooperation by partnering the second German-Ukrainian Economic Forum in Kyiv

The ProCredit banks in Ukraine and Germany were partners at the second German-Ukrainian Economic Forum, which was held in Kyiv on 11 October 2016 under the theme of “Potential – Reforms – Collaboration”. The event organised as a result of the founding of the Deutsch-Ukrainischen Industrie- und Handelskammer (German-Ukrainian Chamber of Industry and Commerce) strives to highlight the great potential of economic cooperation between German and Ukrainian companies.

ProCredit Bank Ukraine is one of the leading SME banks in Ukraine and supports innovative SMEs as the local partner for the European Investment Bank Group’s ‘Supporting Innovation in Ukraine’ initiative, which aims to provide Ukrainian SMEs with increased access to financing. Victor Ponomarenko CEO of ProCredit Bank Ukraine said: “As a bank that aims to be the “Hausbank” for many small and medium-sized enterprises in Ukraine, we know that modern technology, innovative thinking and environmental orientation are key factors for fostering future development and events such as the German-Ukrainian Economic Forum bring additional prospects for SMEs.”

Christoph Freytag, spokesman of ProCredit Bank in Germany, chaired the panel on energy efficiency and renewable energies at the event. He said: “Green Loans, especially in renewable energies and energy efficiency, are integral to ProCredit’s business model and also important for sustainable economic development. Therefore, it gives me great pleasure to chair this panel discussion on energy efficiency and renewable energy, as it will help to increase the awareness of such investments in Ukraine”

The international, development-oriented ProCredit banking group for Small and Medium sized Enterprises (SMEs), which focuses on South Eastern and Eastern Europe, is present in 11 countries around the region.

About ProCredit Bank Ukraine ProCredit Bank is a development-oriented commercial bank, offering excellent customer service to small and medium-sized enterprises and to private individuals who would like to save. The bank is part of the international ProCredit group, whose shareholders are large financial institutions and investment companies. The bank is not associated with any commercial or political group. Strong backing from the bank’s shareholders and its membership of the international ProCredit group (which is supervised at group level by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin) and the Deutsche Bundesbank) are factors which guarantee ProCredit Bank’s stability and reliability. In addition, Fitch Ratings has awarded the bank the highest rating available in Ukraine.

About ProCredit Bank in Germany Owned by ProCredit Holding and part of the ProCredit group, the bank supports German companies that have or are looking to establish operations in South-Eastern and Eastern Europe. It fulfils the central treasury role for the ProCredit group of banks and is the group’s correspondent bank.

ProCredit group of banks and is the group’s correspondent bank. It offers business accounts, business finance and trade finance expertise for the German and SEE/EE markets as well as providing co-financing for SMEs in selected South-Eastern European countries (SEE) and project finance, especially in the renewable energy sector.

About the ProCredit group ProCredit Holding AG & Co. KGaA, headquartered in Frankfurt am Main, Germany, is the parent company of the international ProCredit group, comprising banks with a focus on Eastern Europe that specialise in serving small and medium-sized enterprises. As of 30 June 2016, the group’s total assets amounted to EUR 6 billion. The total outstanding loan volume was EUR 4.1 billion, against customer deposits totalling EUR 3.8 billion, and its equity base stood at EUR 608 million. The core shareholders of ProCredit Holding AG & Co. KGaA are the strategic investors Zeitinger Invest and ProCredit Staff Invest (comprising investment vehicles for ProCredit staff members), the Dutch DOEN Foundation, KfW and the IFC (World Bank Group).

For additional information, please visit: www.procredit-holding.com.

Press contacts: ProCredit Bank Ukraine: Olga Kalynovska Tel.: +380 50 395 23 11, e-mail: O.Kalynovska@procreditbank.com.ua

ProCredit Bank Germany: Andrea Kaufmann Tel.: +49 69 95 14 37 138, e-mail: Andrea.Kaufmann@procredit-group.com