Steiermärkische Sparkasse Doubled Profits

Professional Services › Banks ♦ Published: March 17, 2011; 10:47 ♦ (Vindobona)

The general recovery in the Austrian banking sector in 2010 was also felt by the regional banks. Yearly net income increased from € 41m to € 79m.

Steiermärkische Sparkasse Doubled Profits / Picture: © Steiermärkische Sparkasse

The regional bank Steiermärkische Spàrkasse (Styrian Savings Bank) posted an operating profit of € 190m in 2010, after € 182m in the previous year. The results from the year 2008 (€ 210m) could not be reached again yet. Net income increased from € 41m to € 79m. Significantly lower risk provisions have contributed to this development.

Total assets are now with €…

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Styria, Earnings, Banking Industry, Steiermaerkische Sparkasse, CESEE
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