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Oberbank: High Earnings, Low Expectations
The Upper-Austrian regional bank achieved strong results in 2011. Nevertheless, expectations for 2012 are decent.
Oberbank: High Earnings, Low Expectations / Picture: © Vindobona.org
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.
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