OLB Kicks Off 2025 with Record-Breaking First Quarter

Oldenburgische Landesbank AG (OLB) announced its most successful start to a financial year. The bank reported a pre-tax profit of EUR 103.0 million by March 31, 2025, marking a 45% increase from the previous year. After-tax profits reached EUR 73.8 million, significantly higher than last year's EUR 49.1 million.

The acquisition of Degussa Bank played a central role in this growth, boosting customer segments. OLB's strategic goals were met, with a 16.4% return on equity after taxes, surpassing a 15% target. Loan and deposit volumes saw growth, with loans expanding to EUR 25.6 billion.

The integration led to a rise in costs, resulting in a cost-income ratio increase to 44.1%. However, operating income hit a new high at EUR 192.4 million, a 23% rise. Risk provisions also dropped due to strong loan portfolio quality, emphasizing OLB's commitment to growth and robust financial health.