The search for a new director general at Spuerkeess continues, as the bank has posted positive results for 2025.
Who will assume the director position is likely to be revealed only after the summer holidays. During the press conference on the 2025 annual report, the president of the administrative board stressed that many interesting and high-quality candidates have submitted applications, a development the bank welcomes. However, Spuerkeess intends to take the necessary time to make a decision in order to find the right person to succeed Françoise Thoma.
Good results despite difficult environment
Spuerkeess has once again posted positive results in a turbulent international environment that has also had repercussions for Luxembourg. Before expenditure, the bank generated revenues of approximately €1.24 billion, a slight increase compared with 2024.
Despite higher expenditure, notably for staff and investments, Spuerkeess recorded a net profit of about €530 million after taxes. Director General Françoise Thoma stated that the bank is proud of this result. However, she noted that the bank had to set aside fewer additional provisions in 2025.
Spuerkeess clients are once again investing more in housing. In 2025, the bank approved 5,500 new mortgages for homes, the majority of which were for existing buildings. New construction projects continue to struggle.
Uncertainty regarding interest rates
Spuerkeess officials declined to comment on potential interest rate hikes due to the current international crisis, although they acknowledged that an increase in key interest rates could not be ruled out.
According to Spuerkeess, the market is currently highly volatile. For this reason, Head of Commerce Romain Wehles recommends that clients consider opting exclusively or partially for fixed interest rates.
