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Bank Burgenland Records Profits in spite of Hungarian Crisis
The Austrian regional bank´s results were impressed by the coerced conversion of foreign currency loans in Hungary.
Bank Burgenland Records Profits in spite of Hungarian Crisis / Picture: © Bank Burgenland
In spite of the difficult situation in Hungary, Bank Burgenland recorded profits of € 12.9m. Operating profits decreased by 33% to € 7.6m. Total assets remained stable at € 3.7bn. Net interest earnings were up by 7.9% to € 46.9m. Bank Burgenland´s equity quota stood at 15.8%.
“Although the last year´s result was not surpassed, we are satisfied with the result of…
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