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Austrian Banking Industry: Slight Increase in Operating Profits
In the first half year of 2012, special effects caused an increase in net income. The net interest results were down, however.
Austrian Banking Industry: Slight Increase in Operating Profits / Picture: © Vindobona.org
In total, the net income of the Austrian banking industry reached € 3.03bn in the first six months of 2012. This is an increase by 4.6% against the reference period of 2011. The profit increase is due to the special effects.
By contrast, net interest income declined by 3.9% to € 9.75bn. The provision income shrank by 2.8% to € 3.68bn. The trading income was up by 84.2% to…
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