The German market has set a new record for both issuance and sales with Landesbank Baden-Württemberg (LBBW) taking over DekaBank in league table's leading spot as capital protected products surged amidst changes in top performing underlyings.
An estimated €5.6billion (US$6 billion) was collected from 7,043 products that struck in Germany during Q1 2024, according to SRP data. Sales increased by 65% QoQ and were up by 53% compared to Q1 2023, when an estimated €3.65bn was gathered across 6,013 products – the highest volumes and issuance numbers registered in a single quarter since the launch of the SRP Germany database in 2007. Twenty-one distributors were active in the quarter. Of these, LBBW achieved the highest m