History and Shareholders

ProCredit Bank began operating in Ukraine in February 2001 as a bank that specializes in providing financing to micro, small and medium-sized Ukrainian enterprises. Until autumn 2003, the bank operated under the name “Microfinance Bank”. The change to the current name took place on the basis of the founding shareholders’ decision to unite the banks established by them worldwide, all of which focus on lending to small businesses, under a single name. At present, there are ProCredit Banks in the following Eastern European countries: Albania, Armenia, Serbia, Bulgaria, Romania, Macedonia, Bosnia and Herzegovina, Kosovo, Georgia and Moldova.

In 2004 ProCredit Bank opted to broaden its range of services for both entrepreneurs and private households. The retail section of ProCredit Bank now offers easy-to-use payment cards and practical deposit products, designed for individuals with different income levels. ProCredit Bank obtained a “B” long-term rating from Fitch Ratings, which at that time was the highest score that the international rating agency was willing to award to any entity in Ukraine.

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Three development-oriented organizations including international own ProCredit Bank and determine its policy. One of their main objectives is the development of private enterprises in Europe and throughout the world. In Ukraine, the shareholders have pooled their extensive experience gained in countries all over the world and adapted it to Ukrainian conditions in order to found a bank that can provide strong and reliable support to Ukraine's small and medium-sized enterprises and private entrepreneurs.

ProCredit Holding

ProCredit Holding is the parent company of a global group of 21 ProCredit banks. ProCredit Holding was founded as Internationale Micro Investitionen AG (IMI) in 1998 by the pioneering development finance consultancy company IPC.

ProCredit Holding is committed to expanding access to financial services in developing countries and transition economies by building a group of banks that are the leading providers of fair, transparent financial services for very small, small and medium-sized businesses as well as the general population in their countries of operation. In addition to meeting the equity needs of its subsidiaries, ProCredit Holding guides the development of the ProCredit banks, provides their senior management, and supports the banks in all key areas of activity, including banking operations, human resources and risk management. It ensures that ProCredit corporate values, international best practice procedures and Basel II risk management principles are implemented group-wide in line with standards also set by the German supervisory authorities.

IPC is the leading shareholder and strategic investor in ProCredit Holding. IPC has been the driving entrepreneurial force behind the ProCredit group since the foundation of the banks.

ProCredit Holding is a public-private partnership. In addition to IPC and IPC Invest (the investment vehicle of the staff of IPC and ProCredit), the other private shareholders of ProCredit Holding include the Dutch DOEN Foundation, the US pension fund TIAA-CREF, the US Omidyar-Tufts Microfinance Fund and the Swiss investment fund responsAbility. The public shareholders of ProCredit Holding include KfW (the German promotional bank), IFC (the private sector arm of the World Bank), FMO (the Dutch development bank), BIO (the Belgian Investment Company for Developing Countries) and Proparco (the French Investment and Promotions company for Economic Cooperation).

ProCredit Holding has an investment grade rating (BBB-) from Fitch Ratings Agency. As of the end of 2010, the equity base of the ProCredit group is EUR 428 million. The total assets of the ProCredit group are EUR 5.2 billion.

European Bank for Reconstruction and Development (EBRD)

The European Bank for Reconstruction and Development (EBRD) was established in 1991. It aims to foster the transition towards open, market-oriented economies and to promote private and entrepreneurial initiative in countries from Central Europe to Central Asia that are committed to democracy, pluralism and market economics

The EBRD seeks to help its countries of operations to implement structural and sectoral economic reforms, promoting competition, privatization and entrepreneurship. In fulfilling its role as a catalyst of change, the Bank encourages cofinancing and foreign direct investment from the private and public sectors, helps to mobilize domestic capital and provides technical cooperation in relevant areas.

German Development Bank KfW

KfW Entwicklungsbank (KfW Development Bank): On behalf of the German Federal Government, KfW Entwicklungsbank finances investments and accompanying advisory services in developing and transition countries. Its aim is to build up and expand the social and economic infrastructure of the respective countries, and to advance sound financial systems while protecting resources and ensuring a healthy environment. KfW Entwicklungsbank is a leader in supporting microfinance and is involved in target group-oriented financial institutions around the world.

 It is part of KfW Bankengruppe (KfW Banking Group), which has a balance sheet total of EUR 396.6 billion (as of September 30, 2009). KfW Bankengruppe is one of the ten biggest banks in Germany and is AAA-rated by Moody's, Standard & Poor's and Fitch Ratings.