BKS and BTV Show Profit Growth

Professional ServicesBanks ♦ Published: November 22, 2010; 14:03 ♦ (Vindobona)

The two sister banks report strong profits. Expectations are cautiously optimistic.

BKS and BTV Show Profit Growth / Picture: © BKS 3 Banken Gruppe

Strong profit growth recorded BTV (Bank for Tyrol and Vorarlberg) and BKS (Bank of Carinthia and Styria) for the first nine months of 2010. Both institutions belong to the 3-Banken Group, as well as the Oberbank.

Net profits of BTV grew by 12.5% to € 47.4 million compared with the previous year; BKS recorded a rise of 12.2% to € 35.8 million.

Net interest income…