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Oberbank Satisfied with 2011 Results
The Austrian Oberbank achieved “excellent“ results last year, CEO Gasselsberger stated. Profits were up by 5.5%.
Oberbank Satisfied with 2011 Results / Picture: © Vindobona.org
Oberbank´s CEO Franz Gasselsberger underlines that profitability was improved “in spite of the debt crisis”. Profits before taxes were up by 5.5% to € 121m, profits after taxes totaled € 104m.
The loan volume rose by 4.1% to € 10.9bn. According to Gasselsberger, the growth driver for lending was commercial funding, which rose by 5% to € 8.9bn. Liquidity reserves…
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