Strong Earnings Growth for Hypo Steiermark

Published: April 30, 2011; 13:12 · (Vindobona)

The operating profit of Hypo Steiermark rose to 21.5 million euro, more than doubling the previous year’s result.

Strong Earnings Growth for Hypo Steiermark / Picture: © Hypo Steiermark

The balance sheet profit of the Styrian mortgage bank, at € 8.0m, was twice as high in 2010 than in 2009. The operating income increased by 17% to € 21.5m. Total assets grew by 5.6% to € 5.3bn. An increase of deposits of € 207m was recorded. According to CEO Martin Gölles, the figures confirm the "path taken since the 2008 realignment". Growth has taken place mainly in the core…

This article includes a total of 124 words.

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