Quirin Privatbank AG

Latest Results (22.12.2025):

Quirin Privatbank AG — full‑year 2022 (annual report, covering Q4 2022 and FY 2022): the bank reported an operating/profit result of €8.0 million for 2022 despite a very turbulent market year. The report highlights solid capital ratios and balance‑sheet metrics, continued client growth (including via its digital subsidiary quirion), and positive net new money flows, even as market value declines weighed on assets under management.

Net profit

Annual net profit for 2022: €8.0 million. Management states this result is satisfactory given the adverse market environment and below the very strong 2021 result.

Capital and balance sheet

Total capital ratio: 31.5%. Equity capital: €70 million. Balance sheet total assets: €497 million. Share price at 31 Dec 2022: €3.22. Number of employees: 256.

Assets under management (AUM) and clients

Quirin Privatbank AUM at year‑end: roughly €5.0 billion; quirion AUM: ~€1.3 billion; combined AUM ≈ €6.3 billion. Client base: Quirin ~12,000, quirion ~60,000, combined ≈71,000 clients.

Net inflows and client growth

Quirin attracted ~1,300 new clients and >€270 million of new client assets/net inflows in 2022. Quirion added >€250 million of new client assets. Combined net new money was therefore in excess of €520 million.

quirion (digital subsidiary) performance

quirion grew its client base by >30% to about 60,000 and increased AUM by ~10% to ~€1.3 billion, and launched tiered service packages (Digital, Premium, Private) to combine digital offering with personal advice.

Dividend and use of profit

Management proposes using the €8.0 million profit partly to bolster reserves and proposing a dividend distribution of roughly €4 million at the 2023 AGM — about €0.09 (nine cents) per dividend‑bearing share.

Market environment and outlook

The report stresses that 2022 was exceptionally turbulent (war in Ukraine, high inflation ~7.9%, sharp equity and bond market declines). Management notes the importance of long‑term investing, expects continued inflation/interest‑rate challenges in 2023, but remains confident about client growth and the blended digital/ advisory model.