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Loan Loss Provisions Impede Higher Profits for Bank Austria

Published: August 7, 2013; 12:10 · (Vindobona)

Results for the first half of 2013: Bank Austria posts net profit of EUR 566 million for the first half of 2013.

Loan Loss Provisions Impede Higher Profits for Bank Austria / Picture: © Wikipedia / Werckmeister
  • Volume of customer business up on the previous year o Lending volume was EUR 136 billion, up by 2.5 per cent year-on-year, with growth driven by Central and Eastern Europe while demand in Austria stagnated o Customer deposits increased in Austria and CEE, by a combined 3.8 per cent to EUR 108 billion
  • Charge for bank levies (Austria and CEE) and financial transaction tax…
This article includes a total of 2017 words.

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