ProCredit enters SDAX: what it means for ProCredit stock

Published on 10/13/2026 at 06:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

ProCredit joins the SDAX on October 14, 2026, replacing Nagarro. ProCredit stock closed at EUR 8.70 versus a EUR 15.50 analyst target.

Key points in brief

ProCredit Holding will join the SDAX on October 14, 2026, replacing Nagarro after a free-float breach.
The bank reported an 8.00 percent loan portfolio increase to more than EUR 8.0 billion in the first half of 2026.
The October 12, 2026 Xetra close was EUR 8.70, versus a EUR 15.50 analyst target listed by ProCredit Holding.
The next scheduled reporting date is November 12, 2026, for the quarterly report as of September 30, 2026.

Procredit, DE0006223407, Illustration mit AI erstellt.

ProCredit Holding (ISIN DE0006223407) is set to join the SDAX on October 14, 2026, replacing Nagarro after a free-float breach. The index change gives ProCredit stock a new benchmark reference while the latest operating figures show loan growth of 8.00 percent in the first half of 2026.

What does SDAX entry mean?

ISS STOXX announced on October 9, 2026, that ProCredit Holding would be added to the SDAX on October 14, 2026. Nagarro is being deleted because its free float fell below the 10.00 percent requirement.

The change matters because index membership can broaden the pool of funds and mandates that track the SDAX. It does not represent an operating forecast, but it places a bank with a market capitalization of EUR 512.4 million into a more visible German small-cap benchmark as of October 12, 2026.

Three milestones with figures

On May 29, 2026, ProCredit completed a EUR 150.0 million inaugural Additional Tier 1 issuance, according to the company's investor-relations page. On June 3, 2026, shareholders approved a dividend of EUR 0.47 per share, also listed by ProCredit Holding.

The current event is dated October 9, 2026: the ISS STOXX decision set the SDAX addition for October 14, 2026. That sequence links the index change to free-float rules rather than to a new earnings forecast.

Loan growth and margin gains

In the first half of 2026, ProCredit's loan portfolio rose 8.00 percent and crossed EUR 8.0 billion for the first time. The group reported EUR 38.5 million of profit for the period, while operating income increased 7.00 percent, according to the Yahoo Finance transcript of the August 13, 2026 results call.

Net interest income increased 11.60 percent year over year in the first half, while the quarterly net interest margin reached 3.40 percent in the second quarter of 2026. Management retained a 2026 loan-growth outlook of 12.00 percent to 15.00 percent and a return-on-equity outlook of 7.00 percent in that call.

Two dates now matter

October 14, 2026 is the effective date for the SDAX change. ProCredit's investor-relations calendar lists November 12, 2026 for the quarterly report as of September 30, 2026, followed by an analyst conference call at 4:00 p.m. CET.

Stock stays below analyst target

The Xetra close was EUR 8.70 on October 12, 2026, while the analyst overview published by ProCredit Holding lists a EUR 15.50 target from Berenberg dated August 14, 2026. The same overview lists Warburg Research at EUR 16.00 on August 20, 2026, giving the stock a clear gap to the published research targets.