Kommunalkredit within the Profit Sector

Published: April 14, 2011; 06:34 · (Vindobona)

After the split of the former Kommunalkredit in November 2009, the KA has exceeded profit targets with a provisional net profit of € 24.7m.

Kommunalkredit within the Profit Sector / Picture: © Kommunalkredit

The preliminary IFRS net profit amounts to € 24.7m. The main earnings component is the net interest income of € 47.1m. After a positive net commission income of € 12.3 m and administration expenses of € 44.3m as well as other positive operating results of € 11,8m., the net profit before tax is € 31.7m. After taxes of € 7.0m, the preliminary consolidated net income results…

This article includes a total of 216 words.

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