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BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische - Quarterly Report

Published: May 4, 2017; 08:20 · (Vindobona)

BAWAG P.S.K. today reports a strong profit before tax of EUR 123 million for the first quarter 2017, up 1% versus the prior year and up 18% compared to the fourth quarter 2016, driven by higher operating income. The return on tangible equity (@12% CET1) came in at 17.2%. Higher operating expenses and higher risk costs were driven by fully absorbing the Bank's recent acquisitions that were completed during the fourth quarter 2016. Nevertheless, the cost-income ratio was down 1.1pts to 40.5%. The net interest margin was up 3bps to 2.23% versus the fourth quarter 2016. The Bank has increased its fully loaded CET1 ratio by 60bps to 15.7% versus year-end 2016.

BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische - Quarterly Report / Picture: © Vindobona

 

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BAWAG P.S.K. REPORTS STRONG Q1 2017 - PROFIT…

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