VBAG: Reduced Consolidated Net Income in First Half of Year

Published: August 25, 2011; 16:39 · (Vindobona)

The Austrian bank recorded net income of € 1m. The result was negatively impacted by write-downs of Greek bonds.

VBAG: Reduced Consolidated Net Income in First Half of Year / Picture: © Wikipedia / MrPanyGoff

Österreichische Volksbanken AG Group (VBAG Group) posted a slight profit for the first half of the year. The operating result was increased to € 105m in the second quarter of 2011 as against € 94m in the first quarter, bringing the result for the first half of the year to € 199m. In comparison to the 2010 half-year result of € 234m, the figure for the first six months is – as…

This article includes a total of 585 words.

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