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Bawag to Refund Bank Aid in 2014 by Earliest

Published: March 17, 2012; 14:31 · (Vindobona)

The U.S. owned bank was the only one in Austria which could increase its profits last year. The restructuring is successfully completed.

Bawag to Refund Bank Aid in 2014 by Earliest / Picture: © BAWAG

As Bawag is not engaged in Eastern Europe, the bank could record highly satisfying results last year. By contrast, RBI had to report a substantial decrease in profits. Erste Group even posted drastic losses of € 718.9m. The third quarter was impressed by major write-offs in Romania and Hungary. Bank Austria´s results of 2011 were not published yet. But profits are expected to be very…

This article includes a total of 230 words.

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