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Kommunalkredit back in black

Published: August 30, 2010; 18:32 · (Vindobona)

Kommunalkredit AG earned €7.5m ($9.5) net, in the first half of 2010. It is the first period since the split in November 2009; a comparison with the previous year is therefore limited.

Kommunalkredit back in black / Picture: © Kommunalkredit

In the first half-year period after the split of the former Kommunalkredit in November 2009, Kommunalkredit Austria AG has made a profit of €14.7m ($18.6); after taxes: a profit of €7.5m ($9.5).

According to international standards (IFRS), the result is at €1.76m ($2.2).

According to IFRS investment portfolios require stricter evaluation.

New loans…

This article includes a total of 403 words.

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