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Luzerner Kantonalbank (LUKB) achieved a record profit of CHF 286.6 million in 2024, marking an 8.0 percent increase from the previous year. Operating profit rose by 4.7 percent to CHF 317.8 million, reflecting the bank's strong performance in its anniversary year. Shareholders can expect a higher dividend as a result.
Zuger Kantonalbank reported a slight increase in operating income to CHF 142.1 million, driven by a 12.5% rise in commission and services income. However, net profit fell 2% to CHF 122.4 million due to higher operating expenses and the absence of extraordinary income from the previous year. The bank maintains a confident outlook amid challenging market conditions.
Luzerner Kantonalbank (LUKB) reported a record net profit of CHF 286.6 million for 2024, an 8% increase, driven by growth in customer business and net interest income rising by 5.1% to CHF 444 million. Operating expenses also rose by 8.4%, while the bank aims for a consolidated profit of CHF 265-285 million in 2025. The canton of Lucerne will receive a profit distribution of CHF 79.3 million.
Luzerner Kantonalbank reported a record profit of CHF 286.6 million for 2024, an increase of 8% driven by growth in customer business and effective interest rate management. In contrast, Zuger Kantonalbank saw a slight rise in income to CHF 142.1 million but a 2% drop in profit to CHF 122.4 million due to reduced extraordinary income and rising refinancing costs.
Luzerner Kantonalbank (LUKB) reported a record profit of CHF 286.6 million for 2024, an 8% increase from the previous year, leading to a proposed dividend of CHF 2.60 per share. The bank's operating income rose by 5.8% to CHF 650.5 million, driven by a 5.1% increase in net interest income, despite rising expenses. For 2025, LUKB aims for a profit between CHF 265 million and CHF 285 million, contingent on stable conditions.
Luzerner Kantonalbank (LUKB) reported a record profit of CHF 286.6 million for 2024, an 8% increase, and announced a higher dividend of CHF 2.60 per share. Despite four interest rate cuts, net income from key interest business rose by 5.1% to CHF 444 million, while customer assets grew to CHF 39.5 billion. For 2025, LUKB anticipates a profit between CHF 265 million and CHF 285 million.
Luzerner Kantonalbank (LUKB) reported a record profit of CHF 286.6 million for 2024, marking an 8% increase from the previous year. The Board of Directors proposed a higher dividend of CHF 2.60 per share, up from CHF 2.50, despite challenges from interest rate cuts. For 2025, the bank anticipates a profit between CHF 265 million and CHF 285 million.
Luzerner Kantonalbank (LUKB) reported a record profit of CHF 286.6 million for the past financial year, leading to a proposed dividend increase to CHF 2.60 per share. Despite four interest rate cuts, net income from key interest business rose by 5.1%, while overall operating income grew by 5.8%. For 2025, LUKB anticipates a profit between CHF 265 million and CHF 285 million.
Luzerner Kantonalbank (LUKB) reported a record profit of CHF 286.6 million for 2024, an 8.0% increase from the previous year, leading to a proposed dividend of CHF 2.60 per share. Despite four interest rate cuts, net income from key interest business rose by 5.1% to CHF 444.0 million, while operating income increased by 5.8% to CHF 650.5 million. For 2025, the bank anticipates a profit between CHF 265 million and CHF 285 million, contingent on no unforeseen events.
Lucerne Kantonalbank AG (LUKB), based in Switzerland, reported increased profit and operating income for FY 24. The bank operates in three main areas: Private and Commercial Banking, Corporate Banking, and Private Banking/Institutional Banking/Trading, serving a diverse clientele including private customers, small businesses, and corporations through approximately 20 branches across Switzerland.
Luzerner Kantonalbank AG
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