UmweltBank AG's Strong Performance and Challenges Highlighted in GBC AG Report

GBC AG has rated UmweltBank AG with a "Buy" recommendation, setting a target price of €9.40 by the end of 2025. The bank's growth in the first nine months of 2025 is notable, achieving €60.72 million in total income, a rise from the previous year's €49.40 million. This increase is driven by a rise in net interest income to €43.35 million, boosted by higher deposit inflows and improved treasury portfolios.

Meanwhile, UmweltBank AG's efforts to increase retail customer deposits and expand its corporate banking operations faced shortfalls. Customer deposits declined slightly, and new corporate lending dropped to €73 million from €115 million the previous year. However, the bank aims to boost deposits and lending figures in the fourth quarter of 2025.

Despite these challenges, UmweltBank AG maintains its financial forecasts, albeit with minor downward adjustments. GBC AG predicts net interest income for 2025 at €58.45 million, slightly below UmweltBank's previous range, affirming the bank's robust yet cautious growth strategy.