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Oberbank: Substantial Rise in Earnings
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The regional banks Oberbank and BTV achieved a rise in profit in the first quarter of 2012. BKS recorded stable results.
Oberbank: Substantial Rise in Earnings / Picture: © Oberbank AG / STRADEGY.at (2017)
In the first quarter of 2012, Oberbank could strengthen its profitability. EBIT as well as profits were up substantially, CEO Franz Gasselsberger said. The net interest surplus was down by 5.7% to € 77.0m (after € 81.6m). Risk provisions were down by 21.1% to € 19.4m. EBIT rose by 4.1% to € 59.9m. The pre-tax profit soared by 23.0% to € 40.5m.
Total assets were up by…
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