Bank Austria Wohnbaubank: Decrease in Profit

Professional ServicesBanks ♦ Published: June 27, 2012; 15:07 ♦ (Vindobona)

The operating performance of Bank Austria Wohnbaubank went up in the 2011 financial year. Due to the bank tax, net income decreased.

Bank Austria Wohnbaubank: Decrease in Profit / Picture: © Uni Credit Group Bank Austria

„With a total issue volume of more than € 4.06bn, which is about one-third of all Wohnbauanleihen (residential construction bonds) issued since 1994, Bank Austria Wohnbaubank once again maintained its position as Austria’s largest bank in the residential construction segment in 2011, which proved to be yet another difficult financial year.“ Bank Austria´s subsidiary…