VIENNA May 15 Austrian lender BAWAG PSK boosted first-quarter net profit 77 percent to 80 million euros ($109.7 million), driven by higher core revenues and reduced operating expenses, it said on Thursday.
BAWAG, owned by U.S. investor Cerberus Capital Management , is one of six Austrian banks to come under direct supervision of the European Central Bank late this year.
Reiterating its 2014 targets, it said its common equity tier 1 capital ratio stood at 10.6 percent of risk-weighted assets under fully loaded Basel 3 rules according to pro-forma IFRS standards including first-quarter profit.
($1 = 0.7294 Euros) (Reporting by Michael Shields; Editing by Georgina Prodhan)
Canada's Trudeau, ministers to discuss Trump plans for NAFTA
CALGARY, Alberta, Jan 23 Canada's Prime Minister Justin Trudeau will begin a two-day retreat with his cabinet on Monday, focused mainly on the best approach to take with new U.S. President Donald Trump, whose vow to renegotiate NAFTA could damage Canada's economy.
PRESS DIGEST- British Business - Jan 23
Jan 23 The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.