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VBAG: Reduced Consolidated Net Income in First Half of Year
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…
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