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Bawag´s Profit Is Decreasing
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In the first half of 2012, Bawag´s earnings were down moderately. The net income declined by 14%.
Bawag´s Profit Is Decreasing / Picture: © BAWAG
In the first six months of 2012, pre-tax profit was down by 14% to € 78.9m. In the first half of 2011, the pre-tax profit reached € 91.6m. Bawag´s net interest income totaled € 310.4m and was down by 3.7% (2011: 322.4m). Risk provisions decreased by 1.8% to € 77.5m. The operating result declined by 8.6% to € 155.6m. Total assets grew by 5.8% to € 43.45bn.
The outlook…
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