Oberbank: Substantial Rise in Earnings

Professional ServicesBanks ♦ Published: May 25, 2012; 16:35 ♦ (Vindobona)

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…