APC 2025: LBBW achieves profit of more than EUR 1.2 billion

Strategic investments further strengthen growth and resilience.

Despite a challenging financial year, LBBW again achieved a profit well in excess of EUR 1 billion in 2024. The bank continued its positive performance in recent years with a consolidated profit before tax of EUR 1.232 billion, the second-best result in the company’s history. This was 10% lower than the extremely strong prior-year figure (EUR 1.374 billion), which benefited from extraordinary strong interest rate effects.

"We successfully delivered once again in 2024 while setting our sights on further growth. The good results we achieved despite huge challenges underline the strength of LBBW’s performance. Our strategy with its focus on growth and relevance is paying off," said CEO Rainer Neske. "With our business model as a mittelstand-minded universal bank, we are ideally positioned to remain successful and be a reliable partner to our customers, shareholders and employees in these extremely testing times for the economy."