Sparda-Bank Ostbayern Balance Sheet Up 5.26% to €3.22 Billion
Sparda-Bank Ostbayern eG Announces 2024 financial Results
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Landshut, Germany (March 25, 2025) – Sparda-Bank Ostbayern eG presented its financial figures for 2024, highlighting growth in assets and customer deposits despite a challenging economic habitat.
The Board of Directors stated that 2024 was a solid financial year for Sparda-Bank Ostbayern eG in a still challenging environment.
According to the CEO, the bank’s transition to a new central IT service provider was a key event of 2024.The step was successfully carried out thanks to the participation of customers and employees and created the basis for a accomplished future. Both for the performance of our bank and the costs,it was the right decision. Against the background of the change, we are satisfied with the result of 2024.
The CEO also noted a late-year revival in construction financing after a period of behavioral demand, adding, we were able to keep the loan stock stable and look positively on the year 2025.
Key Financial Highlights
Total assets for Sparda-Bank Ostbayern rose by 5.26% to €3.22 billion in 2024. The financial year concluded with a surplus of €2.062 million, compared to €2.035 million in 2023.
According to a bank representative, the bank’s equity equipment could be well strengthened due to the solid yield situation.
The bank’s loan portfolio remained stable at €1.77 billion. Sparda-Bank Ostbayern issued €136.0 million in new loans during 2024, up from €129.9 million the previous year.
Customer deposits increased by 5.81% to €2.81 billion.The supervised fund stock grew to €808.5 million, boosted by market price increases.
Landshut Branch Performance
The Landshut branch saw growth in both deposits and assisted fund volume. Deposits increased by 5.1% to €271.9 million, and the assisted fund volume grew by 15.7% to €102.3 million. New credit allocation also saw a meaningful increase of 56.9%, reaching €20.0 million.
Sparda-Bank Ostbayern remains committed to social responsibility through the Sparda-Bank Ostbayern EV profit savings association.
According to the CEO, Of course we will again write out the East Bavarian fire brigade award for our domestic fire brigades.
Sparda-Bank ostbayern eG: 2024 Financial Results – A Extensive Overview
Sparda-Bank Ostbayern eG, a cooperative bank, recently unveiled its financial results for the year 2024. This article provides a comprehensive overview of the bank’s performance,key achievements,and future outlook.
Key Highlights of Sparda-Bank Ostbayern eG’s 2024 Performance
What were the Key Financial Highlights for Sparda-Bank Ostbayern eG in 2024?
Despite a challenging economic surroundings, Sparda-Bank Ostbayern eG demonstrated resilience and growth in 2024. Here are the key financial highlights:
Total Assets: Increased by 5.26% to €3.22 billion.
Surplus: Reached €2.062 million, slightly up from €2.035 million in 2023.
Customer Deposits: Rose by 5.81% to €2.81 billion.
New loans Issued: Amounted to €136.0 million, an increase from €129.9 million in the previous year.
Loan Portfolio: Remained stable at €1.77 billion.
Supervised Fund Stock: Grew to €808.5 million.
What Challenges Did Sparda-Bank Ostbayern eG face in 2024?
The bank operated within a challenging economic environment throughout 2024. Despite these challenges, Sparda-Bank Ostbayern eG managed to achieve solid financial results.
What did the CEO say about the bank’s performance?
the CEO of Sparda-Bank Ostbayern eG expressed satisfaction with the 2024 results, stating that it was “a solid financial year” despite the challenging environment. The CEO also highlighted the triumphant transition to a new central IT service provider as a key event for the year, which will create the basis for future accomplishment.
What is the outlook for 2025?
The CEO noted a late-year revival in construction financing and expressed a positive outlook for 2025, with the expectation of continued stability in the loan portfolio.
Deep Dive into Financial Performance
How did the Loan Portfolio perform in 2024?
The loan portfolio remained stable at €1.77 billion. The bank issued €136.0 million in new loans during 2024.
How did Customer Deposits and Assisted Funds perform in 2024?
customer deposits saw a notable increase, rising by 5.81% to €2.81 billion. Moreover, the supervised fund stock grew to €808.5 million,boosted by market price increases.
Local Branch Performance – Landshut Branch
How did the Landshut branch perform in 2024?
The Landshut branch demonstrated robust performance in 2024:
Deposits: Grew by 5.1% to €271.9 million.
Assisted Fund Volume: Increased by 15.7% to €102.3 million.
* New Credit Allocation: Saw a notable rise of 56.9%, reaching €20.0 million.
Yes, Sparda-Bank Ostbayern eG is committed to social obligation. the bank supports various initiatives, including the Sparda-Bank Ostbayern EV profit savings association and the East Bavarian fire brigade award.
Key Financial Figures Summary
| Financial Metric | 2024 (€) | 2023 (€) | Change |
| :————————- | :————- | :————– | :———– |
| Total Assets | 3.22 Billion | Not specified | +5.26% |
| Surplus | 2.062 Million | 2.035 Million | Increase |
| Customer Deposits | 2.81 Billion | Not specified | +5.81% |
| New Loans issued | 136.0 Million | 129.9 Million | Increase |
| Loan Portfolio | 1.77 billion | Not specified | stable |
| Landshut Branch Deposits | 271.9 Million | Not specified | +5.1% |