Image: VOLKER Weihbold
The listed Oberbank increased its pre-tax profit by 4.7 percent to EUR 295.3 million. The institute announced this on Monday. This was at the upper end of the earnings forecast published in early March. The bottom line was a net profit of 243.3 million euros (plus 3.7 percent). The dividend for the 2022 financial year is to be increased by EUR 0.45 per share to EUR 1.45, i.e. by almost half.
The demand for credit increased, the volume of receivables from customers increased by 4.2 percent to 19.2 billion euros. This and the higher level of interest led to an increase in net interest income of 17.3 percent to EUR 406.1 million, which is a record figure. Mainly thanks to the high demand for services in commercial business, commission income rose by 7.8 percent to EUR 206.9 million – also a high.
Source: Nachrichten
