The sale of Wüstenrot Bank AG Pfandbriefbank to the Oldenburgische Landesbank (OLB) has been completed. Now that official approval has been granted, the bank will be transferred to the new owner with effect from June 1.
The Wüstenrot & Württembergische Group (W&W) records business growth significantly above its own expectations in the first quarter of 2019. Despite ongoing high levels of investment in the digital transformation and the challenging market environment, consolidated net profits rose by over a third (up 35 percent) from EUR 58.0 million in the first quarter of 2018 to 78.5 EUR million.
In 2018, the Wüstenrot & Württembergische Group (W&W) successfully continued the transformation it initiated two years ago. The financial year was characterised by a strong start for new digital products and initiatives as well as by very satisfactory new business.
New cooperation partners gained – sales force further strengthened
The Wüstenrot & Württembergische Group (W&W) has continued its solid, successful course in the year so far. Consolidated net income after taxes for January through September 2018 exceeded expectations. New business continued to develop positively overall. The W&W Group confirms the expectation of consolidated net profit of at least EUR 200 million for 2018 as a whole.
The Wüstenrot & Württembergische Group (W&W) is completely on course after the first six months of 2018. Consolidated earnings after taxes were actually slightly above the Group’s own expectations, at EUR 116.4 million.
Thomas Bischof (43) will be the new Chairman of the Executive Board of Württembergische Versicherung AG and Württembergische Lebensversicherung AG starting 1 July 2018.
The Wüstenrot & Württembergische Group (W&W) has recorded very solid business growth in the first quarter of 2018. It achieved significant gains in new business both in construction financing and in property/casualty insurance.
The Wüstenrot & Württembergische Group (W&W) can look back on a successful 2017 financial year.
The Wüstenrot & Württembergische Group (W&W) has seen considerable earnings growth in the first nine months of 2017. At 214.7 million euros, consolidated net profit was almost 35 million euros or 19.4 per cent above the level in the same period of the prior year (179.8 million euros).
The Wüstenrot & Württembergische Group (W&W) has posted a successful first half-year 2017 and was clearly able to increase the dynamism of its business.
Wüstenrot & Württembergische AG (W&W) is adjusting its forecast for its consolidated results for 2017.
The Wüstenrot & Württembergische Group (W&W) increased its consolidated net profit in the first quarter of 2017. At EUR 69.5 million this is about eleven per cent higher than the value for the first quarter of 2016.