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Satisfactory Half Year Result for VBAG
Österreichische Volksbanken-Aktiengesellschaft (VBAG) Group has ended the first six months of 2012 with a result before taxes of € 49m.
Satisfactory Half Year Result for VBAG / Picture: © Österreichische Volksbanken-AG (ÖVAG)
The consolidated result after taxes and non-controlling interest amounted to € 14m. As of 30 June 2012, the tier I ratio (in relation to total risk) was 11.3% (31 December 2011: 8.8%), and the equity ratio (in relation to total risk) stood at 16.8% (31 December 2011: 12.7%). These figures show that the stabilisation measures (capital write-down and subsequent capital increase with…
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