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Profitability: Austrian Banks Perform Worst

Published: July 23, 2013; 18:35 · (Vindobona)

According to a current report published by A.T. Kearney, the Austrian banking industry suffers from a low profitability.

Profitability: Austrian Banks Perform Worst / Picture: © Flickr

In 2012, the profitability of the retail sector in the European banking industry was the lowest since the beginning of the financial crisis. In Austria, the profitability was down by 25%. This is mainly due to the high exposure of Austrian banks in Central and Eastern Europe. Moreover, Austrian banks were diverted from the home market.

The cost-income ratio of the Austrian…

This article includes a total of 243 words.

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