Result before taxes increases 6% to €155 million
Return on equity and cost-income ratio remain at top level
Continued discipline regarding costs, risk and capital
Expansion of customer business
New record result for 2023 year-end within reach
Oldenburgische Landesbank AG (“OLB” or “Bank”) has had a successful first half of 2023. Its profitable growth and efficient cost management allowed the bank to increase its result before taxes (as of June 30, 2023) by 6.3% year-on-year to reach €155.2 million (m) (previous year: €146.1m)1. This was also the first time that OLB’s result after taxes passed the €100m threshold by the date of mid-year reporting.
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