Decline in Profit for Hypo Lower Austria

Published: August 29, 2011; 17:30 · (Vindobona)

The Austrian regional bank achieved net profit of € 16.4m in the first six months of 2011. Net interest income increased to € 75.8m

Decline in Profit for Hypo Lower Austria / Picture: © Hypo NÖ

In the first half of the year Hypo NÖ recorded a drop in profit but still achieved a satisfying result, according to the company. Net profit after minorities amounted to € 16.4m after € 24.6m in the same period of 2010.

The Lower Austrian bank holds Greek government bonds with an initial volume of € 40m in its available-for-sale portfolio. On 30 June these bonds were…

This article includes a total of 205 words.

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