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Raiffeisen reports record profit amid slight recovery in Luxembourg housing market

Banque Raiffeisen reported a record net profit of 28.1 million euros for 2024, reflecting a slight recovery in Luxembourg's housing market and a 1.7% increase in interest margin. Despite strong growth in customer savings deposits, loan demand remains low, indicating ongoing economic caution among households. The bank plans to invest in technology and maintain its branch network while celebrating its 100th anniversary next year.
tageblatt.lu
Euro Banque Raiffeisen SCOP LUX Laurent Zahles Guy Hoffmann
Finance & Economy, Market Report
06:58 02.04.2025

banque raiffeisen reports strong growth and strategic expansion ahead of centenary

On the eve of its 100th birthday, Banque Raiffeisen reported a net profit of 28.1 million euros for 2024, reflecting a 10% year-on-year increase. Despite rising deposits indicating economic caution, the bank aims to utilize these funds for credit and support economic development, while expanding its physical presence with new hubs. The Chairman expressed concern over unemployment rates, emphasizing the bank's commitment to finding financing solutions for active individuals.
paperjam.lu
Euro Banque Raiffeisen SCOP LUX Laurent Zahles Sandrine De Vuyst Guy Hoffmann Show more
Business & Industry, Market Report
15:40 01.04.2025
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