ÖVAG: Strong Provisional Results for Q1 2011

Professional Services › Banks ♦ Published: May 19, 2011; 15:20 ♦ (Vindobona)

Österreichische Volksbanken-AG Group (VBAG) expects a quarterly result of € 32m. The AGM concludes the combination of VBAG and Investkredit.

ÖVAG: Strong Provisional Results for Q1 2011 / Picture: © Österreichische Volksbanken-AG (ÖVAG)

According to provisional results, VBAG Group continued the positive trend of the previous year in the first quarter. The expected result before taxes is € 41m (Q1 2010: € 22m), while VBAG’s outlook anticipates a result for the period after taxes and minority interests of € 32m (Q1 2010: € 7m).

The capital ratios improved further. The tier 1 ratio (in relation to credit…

or Log In

Fast News Search
Related News
ÖVAG in the Black Again (May 5, 2011)
ÖVAG Group Achieved Turnaround in 2010 (April 18, 2011)
ÖVAG to be Split (April 15, 2011)
ÖVAG Participates in the Stress Test (April 8, 2011)
ÖVAG Bundles Real Estate Activities (March 24, 2011)
Read More
VBAG, Investkredit, Banking Industry, Earnings
Featured
See latest Vindobona Newsletter