Quirin private bank increases half -year profit to 6.1 million euros
Quirin private bank increases half -year profit to 6.1 million euros
Quirin private bank reached remarkable growth in the first half of 2024
Quirin Privatbank AG, known for its unique fee advisory concept, has recently published impressive business figures. With a profit of 6.1 million euros on June 30, 2024, the bank shows that it is growing continuously despite the challenging market conditions.
The most important news is the increase in the half -year result by 33 percent compared to the previous year. This is not only a reason for joy for the bank, but is also regarded by many as an indicator of the positive development of private banking in Germany. Karl Matthäus Schmidt, CEO of the bank, emphasized that these successes are part of a comprehensive quality and growth program that was launched in autumn 2023.
a sudden increase in the number of customers
The growth of private customer business is particularly remarkable. In the first half of the year, the Quirin private bank was able to win over 600 new customers, which means a doubling compared to the previous year. This shows the increasing trust of investors in the transparent and innovative approaches of the bank.
The managed customer funds have also grown and now amount to 6.3 billion euros. This increase reflects both the net inflows of 204 million euros and the positive performance of the portfolios. Many customers have placed their investments in asset management, which benefited the bank from the international capital markets.
The role of the digital subsidiary
The digital subsidiary Quirion also recorded on speed. With an increase of 7,600 customers, the total number has increased to almost 86,000. This development shows that more and more investors appreciate modern digital solutions for their investment. For this purpose, net 200 million euros in tributaries are also available in just six months, while the managed assets are growing to more than 2.6 billion euros.
The challenges of the capital market business
Despite the positive developments, the Quirin Privatbank also faces challenges. The capital market business was burdened by rising interest rates and market uncertainties, which made the transactions for small and medium -sized companies difficult. As a result, the yields in this area remained at a low level, but could easily improve.
conclusion: a promising view
Overall, the Quirin private bank shows that it is on the right track. With a combined managed assets of 8.9 billion euros and 99,000 managed customers, the perspectives for the future are promising. The bank plans to continue its growth course, and with the reaching of 100,000 customers in July 2024, its first major milestone is imminent. This indicates a persistent trend in which customer -oriented and transparent consulting models in the financial industry are becoming increasingly important.