Bank Austria: Results Slightly above Expectations

Professional ServicesBanks ♦ Published: November 12, 2013; 12:49 ♦ (Vindobona)

Results for the first nine months of 2013: BankAustria posts net profit of over EUR 1 billion for the first nine months.

Bank Austria: Results Slightly above Expectations / Picture: © Uni Credit Group Bank Austria
  • Supported by growth of customer business, operating profit is slightly higher than in the previous year, despite substantial charges for bank levies
  • Lending volume, at EUR 134 billion, is about 1 per cent higher than at the end of the previous year
  • Total charge for bank levies (Austria and CEE) and financial transaction tax in Hungary adding up to about EUR 148…