Primary deposits increased by 13 percent to EUR 17.4 billion. Interest income improved by 2.7 percent to EUR 346.1 million, commission income by 12.5 percent to EUR 192.0 million. The pre-tax profit for the year was 68.3 percent higher at EUR 281.9 million.
After transfer to reserves of 87.2 million euros and after allocation of the profit carried forward of 0.2 million euros, there is a usable balance sheet profit of 35.5 million euros, as the bank announced in a press release today. The core capital ratio rose from 18.17 to 18.66 percent year-on-year. The proposal for the 2021 dividend is EUR 1.00, the year before it was 75 cents per share.
Best result in company history
With the 2021 balance sheet presented today, the best result in the company’s history was achieved, and the company is moving back above the pre-crisis level. The reasons for the increases in all areas are “a strong operational corporate customer business, an excellent private banking business and an equity investment result at the usual good level”. According to its own statements, the Oberbank has no credit exposure in either Russia or the Ukraine.
Source: Nachrichten
