Quirin Privatbank AG

Latest Results (23.07.2026):

Quirin Privatbank AG — reporting on Q4 2023 / full‑year 2023 results (year ended 31 December 2023): the bank reported a net profit of €9.5 million for 2023 (up ~18% from €8.0m in 2022), continued growth in assets under management and strong net inflows across its brands, and proposed a dividend while retaining part of the profit to shore up reserves.

Profit and dividend

Net profit for the 2023 financial year: €9.5 million (2022: €8.0 million). Management proposes to retain roughly half to strengthen reserves and distribute the remaining €4.8 million as a dividend (11 cents per dividend‑bearing share) at the Annual General Meeting 2024.

Assets under management — Quirin Privatbank

Quirin Privatbank’s assets under management rose to €5.8 billion in 2023, an increase of €0.8 billion (≈16%) year‑on‑year. Net inflows into the bank’s private‑banking business were €380 million (≈31% higher than the prior year).

Digital subsidiary quirion — growth

quirion continued rapid growth: net inflows more than tripled to €850 million in 2023. quirion’s clients grew ~32% to ~78,000 and its assets under management rose to about €2.3 billion (≈80% growth year‑on‑year).

Combined group scale

Together Quirin Privatbank and quirion managed roughly €8.1 billion for around 90,000 clients at year‑end 2023 (group AUM up ≈29% and client count up ≈28% versus 2022).

Capital position and market data

Reported total capital ratio as of 31 December 2023: 33.8% (2022: 31.5%). Share price at 31 December 2023: €3.38 (2022: €3.22).

Interest‑rate response and retail product activity

The bank emphasizes that it quickly passed higher ECB rates through to clients: it reports paying 3.0% on new credit balances (no conditions). Its Cash‑Invest money‑market asset management product — marketed to avoid interest‑rate hopping — is the fastest‑growing product and targets a yield currently above 4%.

Investment performance

Quirin highlights strong 2023 portfolio returns: its Market 80/20 (80% equity) strategy returned 11.13% in 2023, and a 100% equity strategy returned just under 15% for the year. Since 2013, the Market 80/20 approach has delivered about 5.51% p.a. after costs.

Business commentary and outlook

Management attributes 2023 performance to private banking strength, significant client deposit growth and resulting treasury margins, as well as favorable equity market performance. The bank launched its Q25+ growth programme aimed at expanding the client base and continues to focus on long‑term asset growth and client service improvements.