Baader Bank apparently increased its annual result in 2021 compared to the previous year. This emerges from preliminary figures published by the Unterschleißheim company. According to the preliminary publication, the bank’s turnover amounts to 57.4 million euros, before tax deductions. Compared to the previous year, this is an increase of 2.5 percent. In 2020 the turnover was 56 million euros. The Management Board justifies the increase with an enormous increase in deposits. According to the bank, in December 2021 it opened its 500,000th custody account. In contrast to the previous year, when the bank had 129,141 custody accounts, this represents growth of 287.1 percent. The volume of custody accounts managed almost doubled over the course of the year and now amounts to EUR 12.4 billion. Baader Bank will publish the official annual report on April 1st. Further details and an outlook for the 2022 financial year can be expected.
Unterschleißheim – Baader Bank increases group result – district of Munich
