BKS Posts Decline in Profits

Companies ♦ Published: November 18, 2011; 16:03 ♦ (Vindobona)

The two sister banks Oberbank and BTV were more successful in the first nine months of the year. Consolidated net income went up by 8.2%.

BKS Posts Decline in Profits / Picture: © BKS 3 Banken Gruppe

The members of the 3-Banken Group recorded different developments in the first three quarters of 2011: Oberbank’s net income increased by 20.7% and amounted to € 91.6m. BTV (Bank for Tyrol and Vorarlberg) achieved a slight plus of 4% to € 41.9m. BKS (Bank for Carinthia and Styria), however, registered a decline in net income from € 31.1m to € 25.9m.

Consolidated net…