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Bank Austria Posts Net Profit Increase
Net operating profit up by 11 per cent thanks to slight growth in customer business, flat cost trend and further decline in provisioning charge.
Bank Austria Posts Net Profit Increase / Picture: © Uni Credit Group Bank Austria
Bank Austria’s CEO Willibald Cernko: “Despite the economic slowdown and restrained credit demand, we achieved a sound performance in the first nine months of the current year. This was due to slight growth in customer business, strict cost discipline to offset the significant charges for bank levies in Austria and Central and Eastern Europe, and a further decline in net write-downs…
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