Our development-oriented commercial banks specialised in working with small and medium-sized businesses are at the heart of the ProCredit group. All have full banking licenses. The group also comprises a number of important support companies, including the parent company, ProCredit Holding; the ProCredit Academy; and Quip the group IT Company. All companies are majority owned and in most cases solely owned by ProCredit Holding and all companies apply a consistent set of group standards. Financially, all group companies apply IFRS accounting standards and the group publishes consolidated financial statements on a quarterly basis.