ProCredit Holding (PCH)
The ProCredit group is made up of development-oriented commercial banks operating in South Eastern and Eastern Europe and South America, as well as a bank in Germany. Based in Frankfurt, Germany, the parent company of the group, ProCredit Holding, is responsible for the strategic management, capital adequacy, reporting, risk management, and proper business organisation of the group and also acts as a superordinated company from a regulatory point of view. At consolidated level, the group is supervised by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht or BaFin) and the Deutsche Bundesbank.
The ProCredit group is dedicated to an ethical corporate mission and benefits from a strong international and local reputation as an international development-oriented group of banks. As such the group aims to combine a high development impact with commercial success for its shareholders.
The ProCredit group is firmly rooted in its pioneering history in development finance. Formally speaking, ProCredit Holding was founded in 1998 as Internationale Micro Investitionen AG (IMI) by the consulting firm IPC and many of that company’s employees via ipc-invest (today’s ProCredit Staff Invest). Soon after the launch of IMI, further capital was provided by the DOEN Foundation, the Bolivian foundation ProCrédito, and the KfW Group. IMI soon became an important vehicle for communication among the shareholders. Therefore, it was natural for other IFIs, as well as other shareholders who were interested in the holding company, to take stakes in IMI. In 2004, IMI was renamed ProCredit Holding. Our business focus develops as our markets develop, but our vision of a fair financial sector has been constant since the beginning.See more