Bawag increased earnings on higher interest income in Q1 – Corporate

2023-04-25 06:44:55

Vienna – Thanks to significantly increased interest income and slightly lower operating costs, Bawag was able to increase its quarterly profit at the beginning of the year to around 140 million euros – an increase of 26 percent compared to the same period last year, as the bank announced on Tuesday. Earnings per share increased by 36 percent from EUR 1.24 to EUR 1.69 per share. Commission business, on the other hand, declined. The bank also announced another share buyback.

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