Brief: Luzerner Kantonalbank FY Consolidated Profit At CHF 226.6 Mln

Luzerner Kantonalbank AG

07/02/2023 05:36

Feb 7 (Reuters) - LUZERNER KANTONALBANK AG  LUKN.S :
    * FOR THE 2022 FINANCIAL YEAR, LUZERNER KANTONALBANK AG
(LUKB)
REPORTED A CONSOLIDATED PROFIT OF CHF 226.6 MILLION
    * THIS IS CHF 5.2 MILLION OR 2.4% MORE THAN IN THE PREVIOUS
RECORD
YEAR 2021
    * BOARD OF DIRECTORS WILL PROPOSE TO ANNUAL GENERAL MEETING
ON
APRIL 17, 2023 THAT UNCHANGED DIVIDEND OF CHF 12.50 PER SHARE BE
DISTRIBUTED
    * FOR THE YEAR 2023, LUKB WANTS TO GENERATE A CONSOLIDATED
PROFIT
OF AT LEAST 235 MILLION FRANCS
    * BETWEEN DIVIDEND PAYMENT AND THE START OF THE PLANNED
CAPITAL
INCREASE, LUKB IS PLANNING A SHARE SPLIT AT A RATIO OF 1:5
    * AFTER THE PLANNED CAPITAL INCREASE HAS BEEN CARRIED OUT,
LUKB
INTENDS TO INCREASE ITS FINANCIAL STRATEGY GOALS BY 2025
    * WILL AGAIN PAY WELL OVER 80 MILLION FRANCS TO THE CANTON
OF
LUCERNE FOR THE 2022 FINANCIAL YEAR
    * AT THE END OF 2022, LUKB MANAGED CUSTOMER ASSETS
(EXCLUDING
DOUBLE COUNTING) OF CHF 35.922 BILLION (MINUS 2.8%)
    * NET NEW MONEY GROWTH WAS CHF 1,420 BILLION IN 2022 AND WAS
NOT
ABLE TO OFFSET THE CHF 2,461 BILLION LOSS IN VALUE AS A RESULT
OF THE NEGATIVE PERFORMANCE
    * AT THE END OF 2022, THE VOLUME OF CUSTOMER LOANS FROM LUKB
TOTALED CHF 39.348 BILLION (PLUS CHF 2.119 BILLION)

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