BKS Bank Continues Expansion Course

Professional Services › Banks ♦ Published: August 19, 2011; 16:17 ♦ (Vindobona)

The Carinthian/Styrian regional bank recorded an increase in profit of 11.7%. Step-by-step expansion in international markets will be continued.

BKS Bank Continues Expansion Course / Picture: © BKS 3 Banken Gruppe

BKS Bank, member of the 3-Banken Group, achieved a slightly positive development of results in the first half of 2011. Profit after taxes increased from € 19.6m (2010) to € 21.9m. After a strong rise in the previous year, risk provisions declined by € 3.3m to € 22.5m. Total risk provisions amounted to € 162m at the end of June.

The regional bank’s balance sheet total…

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