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Steinbichler: "Kommunalkredit on track with implementation of strategy”
Press Wire ♦
Published: August 4, 2017; 10:08 ♦ (Vindobona)
Kommunalkredit Austria AG (Kommunalkredit) reports a sound IFRS after-tax result of EUR 13.9 million for the first half of 2017. The bank is making good progress with the implementation of its business model as a specialist in infrastructure finance.
Steinbichler: "Kommunalkredit on track with implementation of strategy” / Picture: © Vindobona.org
- IFRS result for the period above target at EUR 13.9 million
- Positive development of new business: 14 projects with a
volume of over EUR 300 million
- High-quality loan portfolio: no loan defaults, NPL ratio of 0.0%
- Excellent capitalisation: Total capital ratio 34.4%;
common equity tier 1 ratio 26.9%
Kommunalkredit Austria AG (Kommunalkredit)…
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