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The largest ten exposures represented 1.8% of the group’s total customer loan portfolio at the end of the first half year. The loan portfolio of the ProCredit group continues to be highly diversified. ProCredit banks only grant a very small volume of consumer loans (EUR 62 million). The share of loans to private clients is minor (9.5% EUR 348 million), and the great majority (76.9% EUR 267 million) of these are mortgage loans to purchase, renovate or improve the energy efficiency of real estate. Due to the withdrawal from low-volume lending, the customer loan portfolio in the South American segment contracted by 17.8% over the first half of the year to EUR 252.3 million as at 30 June 2017 (31 December 2016: EUR 306.9 million).Īs at 30 June 2017, business loans accounted for 90.5% (EUR 3.3 billion) of the ProCredit group’s customer loan portfolio, out of which 21.4% (EUR 706 million) were to agricultural businesses.
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Consequently, the impact of these measures will be reflected in the income statement later in this region. In South America, the strategic realignment and focus on SMEs with financing needs of above EUR 30,000 are still ongoing. It is expected that the group’s withdrawal from the segment of loans of less than EUR 30,000 will be largely completed by the end of 2017. Overall, this part of the portfolio was decreased by EUR 115.5 million during the first six months of the current business year. In the first half of 2017, the development of the ProCredit group’s total customer loan portfolio continued to be affected by the planned reduction of the portfolio of loans under EUR 30,000. This growth was fostered by the good investment climate and is the result of the group’s strategic focus on SMEs. Above all, the banks in Bulgaria, Serbia, Kosovo and Ukraine achieved high portfolio growth levels. South-Eastern Europe and Eastern Europe recorded core customer loan portfolio growth of 9.6% and 14.6%, respectively. The core segment of loans with volumes above EUR 30,000 grew by 9.9% in the first half of 2017 to EUR 3.2 billion as at 30 June 2017 (31 December 2016: EUR 2.9 billion). The ProCredit group’s strategic focus is on SMEs with good development and growth potential and whose financing needs are generally for loans ranging from EUR 30,000 to EUR 3 million.
#1st half os 2017 music bank driver
The main driver of this growth was positive development in the core customer business. Particularly strong growth in the group’s core segment of loans over EUR 30,000 The customer loan portfolio of the group, which has positioned itself as the “Hausbank” for small and medium-sized companies (SMEs) and focuses on South-Eastern and Eastern Europe, has grown by 4.8% since the beginning of the year to EUR 3.8 billion as at 30 June 2017 (31 December 2016: EUR 3.6 billion). KGaA (ProCredit Holding), the parent company of the ProCredit group, reports dynamic growth for the group during Q2 2017.
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Sale of Banco ProCredit Nicaragua successfully concluded in August 2017.Focus on widening the use of online banking services.Consolidated result of EUR 20.8 million from continuing business operations below previous year’s level (H1 2016: EUR 24.6 million however, this includes positive one-off effects).Customer loan portfolio in core segment of loans over EUR 30,000 grows by 9.9%.ProCredit group of banks continues dynamic growth in first half of 2017