{{Short description|Bank in Germany}} {{Infobox company | name = ProCredit Bank Deutschland | logo = 200px 250px|Headquarter in Frankfurt | type = Corporation | industry = | founded = 2012 | hq_location = Frankfurt, Germany | products = | assets = €5,499 million {{small|(2017)}}<ref name="assets">{{Cite web|url=https://www.procredit-holding.com/wp-content/uploads/2018/08/ProCredit_Impact_Report_2017_2.pdf|title=Geschäftsbericht 2017|website=ProCredit Holding|access-date=19 June 2019}}</ref> | revenue = | parent = ProCredit Holding | num_members = | num_employees = 3,384 {{small|(2017)}}<ref name="assets" /> | website = {{URL|https://www.procreditbank.de/}} }}
The '''ProCredit Bank''' Deutschland is a bank based in Frankfurt am Main. It is the youngest bank of the ProCredit Holding, which operates primarily in Southeastern and Eastern Europe as well as in South America<ref name="assets" /> and wants to make a contribution to sustainable economic development through responsible banking business. The admission of the customer business in Germany took place in March 2013.<ref>{{Cite web|url=https://tagesgeld24.de/anbieter/procredit-bank/|title=Tagesgeld 24|website=ProCredit Bank|access-date=19 June 2019}}</ref>
==Business model== The ProCredit Bank in Germany provides financial services for the ProCredit Banks worldwide and at the same time offers private and corporate customers in Germany a platform for engagement in Southeastern and Eastern Europe<ref>{{Cite web|url=http://www.faz.net/aktuell/finanzen/finanzmarkt/nebenwerte-2018-procredit-bank-fuer-bessere-unternehmer-15599298.html|title=Procredit - Bank für bessere Unternehmer|date=20 May 2018|website=Frankfurter Allgemeine|access-date=19 June 2019}}</ref> as well as South America. The bank specializes in small and medium-sized enterprises. The ProCredit Bank finances renewable energy projects and has an exclusion list for activities that are not funded. It also takes into account environmental risks when lending.<ref>{{Cite web|url=https://www.procreditbank.de/de/images/documents/Job_Ads/07_2018_Kreditsachbearbeiter_Firmenkundengesch%C3%83%C2%A4ft.pdf|title=Wie wir "grün" umsetzen|website=ProCredit Bank|access-date=19 June 2019}}</ref>
Within the ProCredit Holding, the ProCredit Bank in Germany is also a service bank for the other ProCredit Banks. It supports the liquidity management and financing of the ProCredit Holding Banks.
The ProCredit Bank is subject to German statutory deposit insurance. In addition, it is affiliated to the Deposit Guarantee Fund of the ''Bundesverband deutscher Banken''.<ref>{{Cite web|url=https://www.edb-banken.de/banks/procredit-bank-ag/|title=Einlagensicherungsfonds|website=Entschädigungseinrichtung deutscher Banken|access-date=19 June 2019}}</ref> This increases the security limit to € 9,950,000 per customer.
==Ownership== The shares of the bank are held in full by the Frankfurt-based ProCredit Holding. This is a public-private partnership and the parent company of the ProCredit banks. The most important owners of the ProCredit Holding are ''Zeitinger Invest GmbH'' together with ''ProCredit Staff Invest GmbH & Co KG''.<ref>{{Cite web|url=https://www.finanzen.net/nachricht/aktien/DGAP-News-ProCredit-Holding-AG-Co-KGaA-ProCredit-Holding-bereitet-Notierung-an-der-Frankfurter-Wertpapierboerse-vor-5223827|title=ProCredit Holding bereitet Notierung an der Frankfurter Wertpapierbörse vor|date=8 December 2016|website=finanzen.net|access-date=19 June 2019}}</ref>
Other important shareholders are the German state development bank ''Kreditanstalt für Wiederaufbau'' (KfW)<ref>{{Cite web|url=https://boersengefluester.de/procredit-holding-die-etwas-andere-bank-aktie/|title=ProCredit Holding: Die etwas andere Bank-Aktie|website=Börsengeflüster|access-date=19 June 2019}}</ref> and the International Finance Corporation (IFC, a member of the World Bank Group) as well as the Dutch DOEN Foundation.<ref>{{Cite web|url=https://www.presseportal.de/pm/122327/3473723|title=Gruppe bestehender Aktionäre zeichnet neue Aktien|date=3 November 2016|website=PRESSEPORTAL|access-date=19 June 2019}}</ref> In addition, various long-term and development-oriented investment companies are shareholders in the holding.
==Banking supervision== Since the issuing of the banking license for the ProCredit Bank in Germany, the ProCredit Holding banks worldwide are under the consolidated supervision of the Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, BaFin) and the ''Deutsche Bundesbank''.<ref>{{Cite web|url=https://www.bundesbank.de/resource/blob/603550/dd8f1bc2011809e92cc64d08a813ae65/mL/dikrekte-teilnehmer-an-target2-bundesbank-data.pdf|title=Direkte Teilnehmer an TARGET2-Bundesbank|date=25 September 2017|website=Deutsche Bundesbank|access-date=19 June 2019}}</ref><ref>{{Cite web|url=https://www.wallstreet-online.de/nachricht/10798960-procredit-holding-strategie-gut-angenommen/all|title=ProCredit Holding: Strategie wird gut angenommen|website=wallstreet:online|date=14 August 2018 |access-date=19 June 2019}}</ref> Holding-wide risk management and standardized reporting for all countries were set up in accordance with German regulatory requirements.<ref>{{Cite web|url=https://www.procreditbank.de/de/procredit-bank/warum-wir-regulierung-wichtig-finden.html|title=Warum wir Regulierung wichtig finden|website=ProCredit Bank|access-date=19 June 2019}}</ref>
==References== {{Reflist}}
==External links== * [https://www.procreditbank.de/de/ Official Website ProCredit Bank] * [http://www.procredit-holding.com/en/ Official Website ProCredit Holding] {{Portal|Banks}}
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Category:Banks based in Frankfurt Category:Corporate finance Category:2012 establishments in Germany