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Lukb reports profit growth and sets ambitious targets for 2025

LUKB reported a net income of 216 million francs for the first nine months of 2024, a 9.1% increase year-on-year, bolstered by the sale of its real estate division. Customer loans rose to 42.98 billion francs, driven by high demand for corporate loans, while operating profit increased by 5% to 237.1 million francs. Looking ahead, the bank aims for significant growth in net new money and non-interest income by 2025, despite anticipated lower interest income.
finews.com
Swiss Franc Lucerne Cantonal Bank Fundamenta Group AG CHE Daniel Salzmann
TradFi, Market Report
09:39 25.10.2024

lucerne cantonal bank reports profit growth and sets ambitious 2025 targets

Lucerne Cantonal Bank (LUKB) reported a 9.1% increase in net income to 216 million francs in the first nine months of 2024, bolstered by strong loan demand and an extraordinary gain from the sale of its real estate division. Despite a decline in trading income, operating profit rose by 5% to 237.1 million francs, with customer loans reaching 42.98 billion francs. Looking ahead, LUKB aims for significant growth in net new money and non-interest income by 2025, while maintaining a cost-income ratio below 50%.
finews.com
Swiss Franc Fundamenta Group AG Lucerne Cantonal Bank CHE Daniel Salzmann
Finance & Economy, Market Report
05:58 25.10.2024
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