In the previous year, the VKB screwed the operating result (EBIT) to the record height of 54.4 million euros (plus 12.3 percent). According to General Director Markus Auer, the orientation towards entrepreneurial and private medium -sized companies as well as the modernization bear fruits. However, the annual surplus has dropped by 18.6 percent to 24.3 million euros. This is due to significantly higher credit risk costs. Auer: “You have to be able to afford risk, we can.”
VKB’s deposits increased by nine percent to 3.3 billion euros in 2024. The loan volume attracted 2.5 percent to 2.8 billion euros. While private financing decreased by two percent due to the weak residential construction, the corporate loans increased by 8.2 percent despite the recession. According to Auer, this is due to the expansion of the VKB in Vienna, Salzburg and Styria, on the other hand, “we can grow with our customers thanks to the capital facilities” (core capital rate 17.5 percent).
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Image: VKB/Witzany
Source: Nachrichten
