Investment Banking

Apollo-backed German bank prepares to list after record profit

The bank said its net profit for the full year came to €197.7m, up 72% driven by higher interest rates

The chief executive officer of Apollo Global Management-backed German lender Oldenburgische Landesbank said on 22 February that record profits in 2022 meant the company was prepared for a stock-exchange listing.

"Our key financial figures are ready for a listing," CEO Stefan Barth said in a post-results press conference.

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