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ÖVAG: Strong Provisional Results for Q1 2011
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Österreichische Volksbanken-AG Group (VBAG) expects a quarterly result of € 32m. The AGM concludes the combination of VBAG and Investkredit.

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…
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