Oberbank: The boys provide the pension

Franz Gasselsberger remains optimistic. In a personal conversation, the 1000 largest corporate customers in the Oberbank would be confident for the current year. 94 percent expect profits this year, more than in the previous year. And the numbers of the banks would also reflect an encouraging situation.

Like the other banks, the Oberbank benefited from changes in interest rates in the previous year, but also the commission result (services, for example in the case of securities), has improved. The bankruptcy is already managed in the balance sheet, which would not result in any new loads, says Gasselsberger. The annual surplus before tax was practically the same with 476.8 million euros. If the result had remained the same from the investments, the surplus would have increased clearly.

The Oberbank has increased from corporate loans, especially in Upper Austria and Salzburg and had to make less risk in advance than in the previous year. The proportion of necessary loans (companies that can no longer pay their interest) is 3.5 percent and thus significantly below the five percent that the financial market supervision calls for the plan.

According to the Gasselsberger, two developments in private customers, which show up this year, are remarkable: The number of residential building loans increased by 50 percent in the first year compared to the previous year. This is not yet at the level of the years before the construction crisis, but there is a jerk through the industry. The construction companies would gradually report on a better order situation. This development was still a long time coming in the building industry, says the bank boss.

At the same time, the upper bank would also register the increased savings rate, which is a sign of uncertainty. Young people between the ages of 24 and 35 in particular would discover the pension for age and ask high -quality savings products. Already in the first quarter, the bank reached 60 percent of its target when selling such products.

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