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N. Macedonia
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Fortenova sells agri unit to Podravka for 333 mln euro
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ProCredit Bank N. Macedonia more than doubles pre-tax profit in 2023

Mar 20, 2024, 12:12:42 PMArticle by Genta Hodo
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March 20 (SeeNews) - Germany-based ProCredit Holding said on Wednesday its North Macedonian subsidiary recorded a 120% rise in pre-tax profit to 10.7 million euro ($11.6 million) in 2023.

ProCredit Bank N. Macedonia more than doubles pre-tax profit in 2023
Author: ProCredit Holding / All rights reserved.

The bank’s revenue amounted to 28.4 million euro in 2023, up from 17.3 million euro in 2022, ProCredit Holding said in an interim financial statement.

The lender's loan portfolio totalled 508 million euro at the end of December, a 7.1% increase from a year earlier.

ProCredit Holding has operations in Albania, Bosnia and Herzegovina, Bulgaria, Greece, Kosovo, and Romania.

($ = 0.921 euro)

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