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Good Year for Austrian Banks in 2012

Published: March 20, 2013; 14:39 · (Vindobona)

The consolidated financial statements after tax and minority shares increased from € 711m to € 2.97bn.

Good Year for Austrian Banks in 2012 / Picture: © OeNB

According to the Austrian National Bank (OeNB) the consolidated operating profits augmented by € 37.68bn in comparison with 2011 even though losses had to be faced in two conventionally important constituents, namely the results of interests and net commission income. OeNB explains the strong upturn primarliy because of the special effects like the repurchase of hybrid capital and…

This article includes a total of 217 words.

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