ÖVAG Group Achieved Turnaround in 2010

Professional Services › Banks ♦ Published: April 18, 2011; 11:20 ♦ (Vindobona)

Operating results rose by 34% against 2009, profit after taxes was € 55m. The government participation capital will be refunded this year.

ÖVAG Group Achieved Turnaround in 2010 / Picture: © Volksbank AG

Österreichische Volksbanken-Aktiengesellschaft (ÖVAG) Group has returned to profitability. The positive trend evident in the last quarterly figures was confirmed in the annual result for 2010: the annual result before taxes is € 91 m. In the words of Chief Executive Officer Gerald Wenzel: “We have paved the way for the long-term future success of ÖVAG as well as developed and…

or Log In

Fast News Search
Related News
ÖVAG to be Split (April 15, 2011)
ÖVAG Participates in the Stress Test (April 8, 2011)
ÖVAG Bundles Real Estate Activities (March 24, 2011)
High Losses for ÖVAG-subsidiary (March 4, 2011)
VBI: Purchase by Sberbank is Looming (February 24, 2011)
Bank Assistance is Lucrative for the State (January 26, 2011)
Read More
VBAG, Capital Market Hybrid Capital, Earnings, Banking Industry
Featured
See latest Vindobona Newsletter