Montega lifts UmweltBank price target to EUR 8, keeps buy rating

Reuters2026/07/30 11:53

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

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: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. UmweltBank AG published the original content used to generate this news brief via EQS News (Ref. ID: rc_26334) on July 30, 2026, and is solely responsible for the information contained therein.

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.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

Montega lifts UmweltBank price target to EUR 8, keeps buy rating

You may also like

Crypto prices