Oberbank: High Earnings, Low Expectations

Businessn.a. ♦ Published: April 3, 2012; 14:10 ♦ (Vindobona)

The Upper-Austrian regional bank achieved strong results in 2011. Nevertheless, expectations for 2012 are decent.

Oberbank: High Earnings, Low Expectations / Picture: © Oberbank AG / STRADEGY.at (2017)

In 2011, Oberbank achieved a pre-tax profit of € 126m, which is a rise by 10.1%. Net income after taxes was up by 13.1% and reached € 111.2m. Regarding the current year, Oberbank´s expectations are cautious. Despite a “relax of the debt crisis” and “clear signs of an economic recovery”, the economic growth in 2012 will remain low, Oberbank says.

Austria´s export…

Fast News Search