Corporate Banking: Bank Austria still dominant

Published: April 9, 2011; 06:54 · (Vindobona)

Corporate banking is an important pillar of business for Bank Austria, generating € 899 m or one fourth of the total operating result. The market share is 89%.

Corporate Banking: Bank Austria still dominant / Picture: © Uni Credit Group Bank Austria

The year 2010 was without a doubt a period of recovery for Austria's businesses. After contracting by 3.9 per cent in 2009, Austrian GDP is projected to have grown by 2 per cent in 2010. Nearly 90 per cent of this upswing can be attributed to the export economy. Gross investment still fell slightly over the year, however. This trend was also reflected in Bank Austria's corporate banking…

This article includes a total of 446 words.

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