OLB Kicks Off 2024 Financial Year with Strong Performance

• OLB achieved targeted growth in both operating business segments and prudent risk provisioning reflecting the economic environment.
• The loan volume exceeded EUR 20 billion for the first time, with a 9.6% growth compared to the previous year.
• Operating income was slightly below the previous year's figure due to an extraordinary one-off gain in Q1 2023.
• OLB maintained high profitability and efficiency ratios despite a challenging economic environment, with a return on equity after taxes of 13.5%.
• Customer deposits rose to a new all-time high of EUR 17.4 billion, supporting loan growth.
• Strategic focus in 2024 includes the integration of Degussa Bank and preparation for ECB supervision, with expected significant positive merger effects.