Financial report 2022

SaarLB significantly increases new business and focus-es even more on the Franco-German orientation and sustainability

• New business climbed by 38%, a substantial rise year-on-year, with strong growth in Germany and stability in France.
• Operating income significantly outpaced the performance in 2021.
• Launch of the “BankWESEN” campaign and new branding as “Die Deutsch-Französische Bank” and “La Banque Franco-Allemande” (“The Franco-German Bank”).
• Successful opening of a new branch in Lyon.
• LBS Landesbausparkasse Saar sees increase in new home loan and savings business

Saarbrücken, 21 April 2023: In the past financial year, we achieved a good overall business result and continued our positive trend.We were also able to make some important marks beyond the figures.

We increased our new business to a total of EUR 2.72 billion, an increase of 38% year-on-year.  We stabilised the already good level in France and almost doubled our new business in Germany.

We increased our operating profit, which is based on the Bank’s ordinary business activities and led to a rise in equity, to EUR 153.5 million, up EUR 10.6 million year-on-year.

In addition to the solid business figures, which are also detailed in our Annual Report, we initiated a number of other forward-looking themes for our Bank over the past year.

We have refined our modern brand so it has an even clearer focus, emphasising our DNA as “Die Deutsch-Französische Bank” and “La Banque Franco-Allemande” (The Franco-German Bank). “The new logo clearly expresses what we are, a modern bank with a long tradition, while at the same time emphasising our Franco-German orientation, in line with our business model,” said Dr Thomas Bretzger, Chair of the Board of Management of SaarLB.

In addition to the logo relaunch, we have launched our Franco-German “BankWESEN” campaign to increase brand awareness at all our German and French branches and beyond. “BankWESEN” also aims to sharpen and promote the perception of our target groups and to rejuvenate the brand.

“We recently realised that our orientation and external image no longer corresponded to the current and future image of our bank,” says Katrin Spelz, Head of Human Resources and Communications.

At the end of last year, we successfully opened our third branch in Lyon, the capital of the French SME sector, thus underlining our Franco-German DNA. “For us as a bank focusing on German and French SMEs, the Lyon branch is a logical continuation of our strategic focus,”  says Dr Thomas Bretzger.

In the last financial year, LBS Landesbausparkasse Saar concluded more than 8,500 new contracts with a total home loan savings volume of EUR 613.3 million. The number of new contracts thus rose by 7.8 % compared to the previous year.

Important figures from us at a glance

Net interest income

Net commission income

Administrative expenses

Result

Common equity tier 1 (CET1 ratio)

You can find the complete annual report in German here.