AutoBank Achieves Further Growth

Western Europe › Germany ♦ Published: November 18, 2011; 16:47 ♦ (Vindobona)

The Austrian specialist bank increased new business volume to € 59.6m. The operating result more than doubled and amounted to € 817,000.

AutoBank Achieves Further Growth / Picture: © Autobank AG

AutoBank AG, the group and brand independent full-service bank with focus on financing cars and auto dealers, was able to further improve its results in the third quarter of 2011. In the first nine months of the year, the bank achieved a net result of € 543,000, which corresponds to an increase of 30.2% compared to the previous year. This result was impacted by non-recurring expenses…

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