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Decline in Profits for Wiener Privatbank
The profits of the Privatbank fell by 34% in 2010. The bank reported an equity ratio of 48% on the 2010 balance sheet date (31 December 2009: 44%).
Decline in Profits for Wiener Privatbank / Picture: © Vindobona.org
With an operating profit of € 6,07m (2009: € 8.81 m), the Wiener Privatbank’s earnings for the financial 2010 were below those of the previous year.
The business development in financial products and real estate investments had a positive impact on earnings, while the levels of the previous year were not reached neither by the net interest income nor the operating…
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