Oberbank Satisfied with 2011 Results

Professional ServicesBanks ♦ Published: January 17, 2012; 15:49 ♦ (Vindobona)

The Austrian Oberbank achieved “excellent“ results last year, CEO Gasselsberger stated. Profits were up by 5.5%.

Oberbank Satisfied with 2011 Results / Picture: © Oberbank AG / STRADEGY.at (2017)

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…