Montega lifts UmweltBank price target to EUR 8, keeps buy rating
Reuters2026/07/30 11:53- Montega raised its 12-month target price on UmweltBank to EUR 8 from EUR 7, reiterating a buy rating.
- Turnaround momentum strengthened in Q2 2026; pretax profit rebounded to EUR 2 million from EUR 0.2 million in Q1.
- New lending jumped to about EUR 147 million in Q2 from EUR 36 million in Q1, lifting confidence in EUR 450 million guidance.
- H1 administrative expenses fell 13% year over year, supporting the bank’s EUR 12.5 million–EUR 17.5 million pretax profit outlook.
- Retail deposits slipped to EUR 3.9 billion from EUR 4.3 billion, reflecting churn tied to a prior 3% deposit-rate campaign.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Korea Export-Import Bank partners with Glencore: $1 billion financing for copper, betting on key resources for the AI era
The Korean policy-based financial institution Korea Eximbank recently announced that it has reached a strategic financing arrangement totaling 1 billion USD with global commodities giant Glencore Plc.
Addnode’s Sokigo wins Stockholm city contract worth about SEK 100 million over 10 years
Air Water calls extraordinary shareholder meeting
Romerike Sparebank converts NOK 557.96 million capital into 5,105,764 new equity certificates
Crypto prices
More
