Reuters logo
Austrian bank BAWAG reports record Q3 pretax profit
November 16, 2017 / 7:04 AM / in a month

Austrian bank BAWAG reports record Q3 pretax profit

VIENNA, Nov 16 (Reuters) - Austria’s BAWAG, the former trade union bank that was majority-owned by U.S. private equity firm Cerberus until its listing last month, posted its highest ever third-quarter pretax profit on Thursday, driven mainly by higher core revenues.

BAWAG said profit before tax rose 7.9 percent to 131.8 million euros ($155.5 million) in the three months through September compared with the same period a year earlier. That brought the nine-month total for this year to 382.4 million euros.

The bank repeated its outlook for 2017, including profit before tax of more than 500 million euros.

$1 = 0.8478 euros Reporting by Francois Murphy; Editing by Mark Potter

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below