First half-year 2024: Business continued to grow at a sustained pace, delivering positive earnings

The AFL Group has unveiled its earnings for H1 2024. Highlights include:

  • New memberships expressed as pledged capital are up €21.5 million in H1 2024 – as much as during the full year in 2023.
  • Credit origination hit a new record high after growing 18% in H1 2024 compared to H1 2023.
  • Half-year earnings, excluding non-recurring items, rose 16% between 2023 and 2024.
  • Changes to local authority risk weightings, down from 20% to 0%, allow the debt securities issued by AFL to be classified as HQLA1 (decision by ACPR in June 2024).
Half year reports, accounts and press release about results as of June 30, 2024
Press release - AFL financial results - 2024/06/30
AFL - half year report - 2024/06/30
AFL-ST - Consolidated accounts - 2024/06/30