Investkredit back in black

Businessn.a. ♦ Published: August 30, 2010; 13:29 ♦ (Vindobona)

Institute earned €9.6m ($12.24) in the first 6 months.

Investkredit back in black / Picture: © Investkredit

Investkredit and ÖVAG who have recently merged registered positive numbers in the first half of 2010.

Since the provisioning for impairment losses have declined in the second quarter, Investkredit reports a profit of €9.6m ($12.6) - after registering an equally high loss in the first half of 2009.

Net income before tax amounted to €13.5m ($17.2) (-18.9m ($24.1m))