Business performance up on previous year: LBBW delivers strong result in the first half of the year
- Sustained growth: operating profit before tax, excluding integration costs from Berlin Hyp, increases to €759 million (previous year: €731 million).
- Successful core business: income improves across all customer segments, with the strongest growth in the Corporate Customers business.
- Allowances for losses on loans and securities slightly below previous year - model adjustments unchanged at €880 million.
- Common equity Tier 1 (CET 1) capital ratio rises to 16.6 percent. - Outlook confirmed: profit before tax above €1 billion for the full year.