News

VBI Group is staying on course in 2009

November 16, 2009

Despite the impacts of the international economic crisis, the Volksbank International Group (VBI) presents a positive intermediate result and achieved an EBT amounting to EUR 41.5 million as of 30.9.2009.
Operational result (before risk) increased by 27.0% to EUR 174.5 million.
Interest surplus rose to EUR 293.7 million (+22.0%).
Cost income ratio has highly been enhanced to reach 52.8%.
VBI's total assets amounted to EUR 14.4 billion and is relatively stable compared to 31 December 2008.
Outlook: Upward trend in CEE at the end of 2010.

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