Bank Schelhammer & Schattera with Stable Results

Published: April 5, 2011; 07:30 · (Vindobona)

The operating results of the Austrian bank are at the same level as in the previous year. Lending volume and customer deposits increased slightly.

Bank Schelhammer & Schattera with Stable Results / Picture: © Vindobona.org

The banking house Schelhammer & Schattera was able to repeat the solid result of the previous year in 2010, despite the continuous extremely low interest rates and the consequent further decline in the interest spread. The operating profit was at € 5.2m below 2009 (€ 6.2m) because of the significantly reduced net interest spread (0.82%) due to market conditions (0.82%). …

This article includes a total of 217 words.

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