BTV: Moderate Increase in Profits

Businessn.a. ♦ Published: February 10, 2012; 12:36 ♦ (Vindobona)

The Austrian regional bank for Tyrol and Vorarlberg reached growth in profits, total assets and lending.

BTV: Moderate Increase in Profits / Picture: © BTV

According to BVT, the bank could realize a “solid result” in 2011. The preliminary results were published today. Profits after taxes rose from € 49.2m to € 53.5m (+8.9%). Total assets grew by 3.9% from € 8.9bn to € 9.2bn. Thus, for the first time in the bank´s history, the € 9.0bn-threshold was exceeded.

Lending was up by 4.4% from € 5.8bn to € 6.0bn. “There…

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