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BAWAG P.S.K. Bank für Arbeit und Wirtschaft: 6 Month Report
Press Wire ♦
Published: August 20, 2014; 08:16 ♦ (Vindobona)
BAWAG P.S.K. today reported a net profit of EUR 175 million for the first half 2014, up 87% versus the same period last year. Annualized return on equity was 16.2%, up 6.2 points. Net interest margin improved 53 basis points to 1.84% with business net interest margins up 32 basis points. Operating expenses were down 17% and risk costs down 41%. Overall performance in the first half reflects the continuous repositioning efforts of the Bank.
BAWAG P.S.K. Bank für Arbeit und Wirtschaft: 6 Month Report / Picture: © Vindobona.org
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6-month report
BAWAG P.S.K. reports first half 2014 net profit of EUR 175 million, +87%
o Net profit EUR 175.0 million, +87% from H1 2013
o Core revenues of EUR 432.5 million, +21%
o Cost-income ratio continues to trend…
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