Banks in Austria

Total Page:16

File Type:pdf, Size:1020Kb

Banks in Austria 6/3/2021 Banks in Austria Banks around the World World's Top Banks Top US Banks Top European Banks Rankings Credit Ratings Best Online Banks Insurance Stock Exchanges Banks in Europe Home Europe Austria Austria Belgium Banks in Austria Czechia Denmark France Germany Greece Ireland Bank Austria Erste Bank Hypo Landesbank Oberbank Raiffeisen Bank Italy Addiko Bank (formerly Hypo Group Alpe Adria) – An international financial group with activities in five South Eastern European Latvia countries: Slovenia, Croatia, Bosnia and Herzegovina, Serbia and Montenegro. Liechtenstein Autobank AG – A subsidiary of Albis Leasing AG. Autobank formerly operated as a division of Salzer Holding Gmbh. Luxembourg Monaco Bank Austria – One of the largest banks in Austria with market shares ranging from 15 to 50 percent. Since 2005, it has been a Norway member of UniCredit Group. Netherlands Bankhaus Spängler is a traditional, independent private bank. It was established in 1828 and is the oldest private bank in Portugal Austria. Spain Bank Gutmann – An investment bank with offices in Vienna, Salzburg, Prague and Budapest. It serves wealthy private and Sweden institutional clients. The company’s assets under management amounted to EUR 21 billion as of June 2017. Switzerland UK BAWAG P.S.K. – One of the largest retail banks in Austria, formed in 2005 by the fusion of the separate P.S.K. and BAWAG banking firms. It serves 1.2 million private and more than 60,000 business customers. It has the country’s largest centrally Banks in America controlled sales center and manages a savings volume of 18.5 billion Euros - more than any other bank in Austria. USA Easybank AG – A division of BAWAG P.S.K. Canada Erste Group Bank AG – The largest bank in Austria and one of the largest financial services companies in Central and Eastern Mexico Europe. It has about 2,600 branches across Austria, Czech Republic, Slovakia, Romania, Hungary, Croatia, and Serbia. Argentina Brazil Hypo Tirol Bank AG – A regional mortgage bank with focus on the Tyrolean and South Tyrolean market. State of Tirol is 100% Chile owner of the Bank. The company was established in 1901 and is headquartered in Innsbruck. Hypo Vorarlberg Bank AG Banks in Asia Kommunalkredit Austria AG was established in 1958 as a specialised bank to provide subsidised long-term financing to local China authorities in Austria. Its focus is mainly on financing regional infrastructure and environmental projects. It also provides Japan consultancy services and is cooperating with the Austrian government in providing support to environmental projects in CEE. India Malaysia Oberbank AG – An independent regional bank with over 2,000 employees, and branches in Austria, Germany (Bavaria), the Saudi Arabia Czech Republic, Hungary and Slovakia. As at May 10, 2018, it had a market capitalization of EUR 3.1 billion. South Korea Oesterreichische Kontrollbank AG (OeKB) – An institution owned by commercial banks. Within the Austrian financial market, Singapore it plays a central role and thus a hub of information for all matters in connection with the Austrian capital market. UAE Oesterreichische Nationalbank (OeNB) – The central bank of Austria, established on June 1, 1816. Banks in Africa Raiffeisen Bank – One of the leading commercial banks in Austria and CEE region. Ghana Schoellerbank – One of the largest and oldest private banks in Austria. It is a modern private bank within the international Nigeria alliance of UniCredit Group. Schoellerbank was established in 1833. South Africa Steiermarkische Sparkasse – The largest regional bank in the southeast of Austria. It also has branches in Croatia, Slovenia, Banks in Oceania Serbia, Montenegro, Macedonia and Bosnia and Herzegovina. Australia Volksbank Wien AG – The central institution of the Volksbank sector as well as commercial bank and financial services New Zealand provider. Papua N. Guinea Top Banks in Austria Top US Insurers Top Mortgage Lenders Total Assets, EUR bn Mortgage Companies Rank Bank 2017 2016 2015 2014 2013 2012 2011 Banking Tools 1 Erste Group Bank 221.617 208.227 199.743 196.287 199.876 213.820 210.006 IBAN Checker 2 Raiffeisen Bank (RZB Group) 135.146 134.847 138.426 144.805 147.324 145.955 150.087 Calculate IBAN https://www.relbanks.com/europe/Austria 1/2 6/3/2021 Banks in Austria Exchange Rates 3 UniCredit Bank Austria AG 102.128 105.785 193.638 189.118 196.210 207.596 199.229 Currency Converter 4 BAWAG Group AG 46.071 39.743 35.708 34.651 36.402 41.265 41.077 Sort Code Checker 5 Raiffeisenlandesbank Oberosterreich 40.300 39.385 37.299 38.574 38.983 39.823 38.326 Routing Number 6 Österreichische Kontrollbank AG 26.005 26.583 29.149 28.002 28.964 32.768 37.978 Raiffeisenlandesbank 7 25.712 25.405 27.743 29.514 29.070 32.310 32.101 Niederoesterreich-Wien AG 8 Oberbank AG 20.901 19.159 18.243 17.775 17.571 17.675 17.484 9 Raiffeisen-Landesbank Steiermark 14.705 14.962 14.046 14.214 14.558 14.996 14.432 10 HYPO NOE Gruppe 14.368 15.392 15.896 15.927 14.210 14.862 13.233 11 Hypo Vorarlberg Bank AG * 13.183 13.324 13.902 14.185 14.145 14.492 14.213 12 KA Finanz AG 9.844 11.950 14.391 7.285 8.194 10.970 14.901 13 Addiko Bank 6.486 7.216 7.416 8.032 8.048 n/a n/a * It was previously known as Vorarlberger Landes- und Hypothekenbank AG. Copyright © 2011 - 2018, All Rights Reserved. | Contact | Privacy | About | Terms of Use All data and information provided on this site is for informational purposes only. https://www.relbanks.com/europe/Austria 2/2.
Recommended publications
  • Ifrs 9 Impairment & Implementation
    EARLY BIRD ONLYREGISTER BY 9 SEPTEMBER£999 3RD SERIES IFRS 9 IMPAIRMENT & IMPLEMENTATION Reviewing Progress Across the Three Phases as the Industry Moves Towards Parallel Runs and Implementation 20-21 SEPTEMBER, 2016 | THE TOWER HOTEL | LONDON HIGHLIGHTS INCLUDE HEAR FROM IFRS 9, ACCOUNTING INTERPRETATION OF THE STANDARD & CREDIT RISK PROFESSIONALS Interpreting the standards set and understanding principle based terms INCLUDING: DATA PROCESSES Alan Burke Diana Kapsa Adapting internal IT and data processes to Head of Risk Head of Credit Risk accommodate the data requirements across IFRS 9 Measurement Methodology Santander UBS SECONDARY IMPACTS OF IFRS 9 Reviewing the secondary impacts on other business Guido Sopp Neil Wannop areas of implementation of IFRS 9 requirements Accounting Expert Head of Accounting Development EXPECTED CREDIT LOSS MODEL Austrian Financial A supervisory perspective of the IFRS 9 expected credit Market Authority Lloyds Banking Group loss model PROVISION MODELS Claudia Eusebio Vivien Brunel The practical implications of building provision models with Director, Accounting Policy Head of Risk & Capital flexible parameters for determining expected losses & Advisory Group Modelling Deutsche Bank Societe Generale DISCLOSURE REQUIREMENTS Tackling the disclosure requirements of IFRS 9 Oliver Fiala Wolfgang Reitgruber Head of Group Deputy and FVP in Group FORWARD LOOKING SCENARIOS Credit Risk Credit Risk Modelling Developing multiple forward looking scenarios and implementing a forward looking view of impairment Volksbank UniCredit S.p.A. to align with economic forecasts Carol Lynch Julian Parkin IFRS 9 & BASEL III Head of Impairment Head of Regulatory & Consistency of IFRS 9 requirements with Basel III Analysis & Reporting, Statutory Portfolio, IFRS 9 & Impairment Unit Finance Change BUSINESS BEHAVIOUR & RUNNING Bank of Ireland Royal Bank of Scotland OF THE BUSINESS Tata and TCS Marks - Stacled with Tagline The effect of IFRS 9 on business behaviour and running Artwork provided.
    [Show full text]
  • Erste Group Bank AG Resolution Plan Reduced Plan Public Section December 2018
    Erste Group Bank AG Resolution Plan Reduced Plan Public Section December 2018 Resolution Plan (Reduced Plan) 1. Introduction Section 165(d) of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 ("Dodd-Frank Act") requires systemically important financial institutions that conduct business in the United States ("U.S.") to file resolution plans with U.S. regulators. Section 165(d) has been implemented through regulations of the Board of Governors of the Federal Reserve System ("FRB") and the Federal Deposit Insurance Corporation ("FDIC") that require a foreign- based Covered Company to provide detailed information about its entities and activities in the U.S., including the process by which those entities and activities would be resolved in the event of the company's material distress or failure ("Regulations"). Pursuant to the Regulations, Erste Group Bank AG ("EGB"), as a Covered Company, filed a Tailored Resolution Plan with the FRB and FDIC in December of 2015. Subsequent to the review by the FRB and FDIC of EGB's Tailored Resolution Plan, the FRB and the FDIC, in their letter dated June 10, 2016, informed EGB that they have jointly determined to reduce the informational content that EGB will be required to provide in its resolution plan submissions due by December 31, 2016, 2017 and 2018 ("Reduced Plans"), subject to "Conditions for Reduced Plans". Subject to the Conditions for Reduced Plans, EGB's Reduced Plan that must be submitted by December 31, 2018 is required to contain only information concerning the following
    [Show full text]
  • Erste Group Bank AG €30,000,000,000 Debt Issuance
    Prospectus Erste Group Bank AG (Incorporated as a joint stock company in the Republic of Austria under registered number FN 33209 m) €30,000,000,000 Debt Issuance Programme On 3 July 1998, Erste Bank der oesterreichischen Sparkassen AG entered into a Debt Issuance Programme (the "Programme"). The Programme was subsequently amended and updated on 2 July 1999, 29 June 2000, 29 June 2001, 17 May 2002, 19 May 2003, 17 May 2004, 9 November 2005, 10 August 2006 and 10 August 2007. With effect from 9 August 2008, Erste Bank der oesterreichischen Sparkassen AG demerged its Austrian banking business into a wholly owned subsidiary and changed its name to Erste Group Bank AG (the "Issuer" or "Erste Group Bank”). With effect from the date hereof, the Programme has been updated and this Prospectus supersedes and replaces the Prospectus dated 10 August 2007. Any Notes to be issued after the date hereof under the Programme are issued subject to the provisions set out herein, save that Notes which are to be consolidated and form a single series with Notes issued prior to the date hereof will be issued subject to the Conditions of the Notes applicable on the date of issue for the first tranche of Notes of such series. Subject as aforesaid, this Prospectus does not affect any Notes issued prior to the date hereof. Under the Programme, the Issuer, subject to compliance with all relevant laws, regulations and directives, may from time to time issue debt securities specified in the relevant Final Terms (as defined herein) as either domestic notes issued in the German or English language under Austrian law ("Domestic Notes") or international notes issued in the English language under either English or Austrian law ("International Notes", and together with Domestic Notes, the "Notes").
    [Show full text]
  • Bank of Montreal, Caixabank, Commerzbank, Erste Group, IBM and UBS Collaborate to Advance an Open, Blockchain-Based Trade Finance Platform
    Bank of Montreal, CaixaBank, Commerzbank, Erste Group, IBM and UBS Collaborate to Advance an Open, Blockchain-based Trade Finance Platform New platform designed to support trade finance transactions 4 October, 2017 – Bank of Montreal (BMO), CaixaBank, Commerzbank and Erste Group have joined an initiative launched by UBS and IBM in 2016 to build a new global trade platform based on blockchain technology. This new platform, called Batavia, is built to be openly accessed by organisations of all sizes anywhere in the world, and can support trade finance for transactions across all modes of trade, whether goods are being transported by air, land or sea. Batavia advances the work initiated by UBS and IBM to develop a trade finance platform built on the IBM Blockchain Platform powered by the Hyperledger Fabric Blockchain framework. The development work is being done collaboratively by the five banks and IBM in consultation with transportation industry experts as well as the banks’ customers to ensure that the platform is flexible and intuitive for customers and can be commercialized. Batavia is targeting pilot transactions with customers on the network in early 2018 to test and refine the platform. Designed to support more efficient, transparent and cost effective transactions, the new global trade financing platform will help organizations more easily build multi-party, cross-border trading networks worldwide. Batavia will allow transacting parties to view the progress of a shipment as it leaves the warehouse, is loaded onto a plane, truck or boat and arrives at the receiving port, automatically releasing payments incrementally along each step of the process.
    [Show full text]
  • Settlement Instructions for Trades with V-BANK Clients SWIFT BIC Code (T2S PARTY2 BIC11): COBADEFFXXX Commerzbank LEI: 851WYGNLUQLFZBSYGB56
    Settlement Instructions for trades with V-BANK clients SWIFT BIC Code (T2S PARTY2 BIC11): COBADEFFXXX Commerzbank LEI: 851WYGNLUQLFZBSYGB56 Market Custodian Australia BNP Paribas Securities Services, Sydney BIC code: PARB AU 2S XXX Account: 2005010001 (Clients account) Austraclear Code: BPSS20 Chess PID: 01892 Austria Erste Group Bank AG, Wien BIC code: GIBA AT WG XXX Account: 403-341-617/02 (Clients account) SAC to Party 1 REAG / DEAG: OCSD227300 OEKB Account OCSD227300 PSET: OCSDATWWXXX Belgium BNP Paribas Securities Services, Paris Mutual Funds: BIC code: PARB FR PP XXX kindly coordinate deliveries with us - Instruments settling via Euroclear Belgium: Account 68042N (Clients account), PSET: CIKBBEBBXXX - Instruments settling via National Bank of Belgium: Account 68042N (Clients account), PSET:NBBEBEBB216 Canada RBC Investor Services, Toronto Mutual Funds: BIC code: ROYC CA T2 XXX kindly coordinate CUID RBCT deliveries with us Account: 120025740001 (Clients account) Czech Citibank Europe plc, Prague Branch Republic BIC code: CITI CZ PX XXX Account: 1090023187 (Clients account) Denmark Skandinaviska Enskilda Banken, Copenhagen BIC code: ESSE DK KK XXX VPID: 05295 Account: 05295147123 (Clients account) PSET: VPDKDKKKXXX Finland Skandinaviska Enskilda Banken, Helsinki BIC code: ESSE FI HX XXX Account: 10-100 130 438 (Clients account) France BNP Paribas Securities Services, Paris BIC code: PARB FR PP XXX Account: 68041M (Clients account) PSET: SICVFRPPXXX Germany Commerzbank AG, Frankfurt as self clearer Clearstream Banking AG BIC code:
    [Show full text]
  • Student Handbook 2021 – 2022
    Student handbook 2021 – 2022 www.croatia.rit.edu 1 2 TABLE OF CONTENTS Welcome ................................................................................................................................... 5 Student Services ........................................................................................................................ 6 President & Dean ...................................................................................................................... 10 Associate Dean for Academic Affairs ......................................................................................... 10 Campus Ombudspersons ........................................................................................................... 10 Faculty ...................................................................................................................................... 11 Professional & Academic Expectations ..................................................................................... 11 College Hours & Weekend Access ............................................................................................. 12 Bulletin Boards ......................................................................................................................... 12 RIT DCE Account ................................................................................................................... 13 RIT UID (University ID Number) .......................................................................................... 14 AAI Electronic
    [Show full text]
  • Brief Vorlage
    Press release The Award Ceremony „Gutmann Awards for the most outstanding Family Business in CEE“ 2nd Gutmann Family Business Owners Day Gutmann Award for the most outstanding Family Business in Ukraine goes to Camion Oil Professor John A. Davis Harvard Business School, Boston, Olga Gutsal Camion Oil Ukraine, Gordian F. Gudenus Partner Bank Gutmann (Vienna, October 23rd, 2015) The 2nd Gutmann Family Business Owners Day brought together over 100 owners of leading Family Businesses from nine Central and Eastern European countries and two of the world’s leading Family Business Schools to an exclusive gathering at Bank Gutmann’s headquarter in Vienna. The Family Business Owners Day focused on the key challenges facing Family Businesses in CEE today: Innovation and the transition to the next generation. The Winner of the Gutmann Award for the Best Family Business in Ukraine is the company Camion Oil. A further highlight of the Family Business Owners Day was the Award Ceremony celebrating the winners of “The Gutmann Award for the Most Outstanding Family Businesses in CEE 2015” Bank Gutmann’s 2nd Family Business Owners Day (FBO-Day) has assembled over 100 owners of leading Family Businesses (FB’s) from nine Central and Eastern European countries in an exclusive gathering at Bank Gutmann’s headquarter in Vienna’s central Schwarzenbergplatz. The topics of the FBO-Day were presented by owners of prominent multigenerational European family businesses from Austria and the Netherlands and senior professors from the world’s leading business schools, Harvard Business School in Cambridge, USA and IESE Business School in Barcelona as key speakers.
    [Show full text]
  • Addiko Bank A.D. Beograd Annual Report 2020 Key Data Addiko Bank A.D
    Addiko bank a.d. Beograd Annual Report 2020 Key data Addiko Bank a.d. Beograd operating results based on the financial statements prepared in accordance with the IFRS 2020 2019 Income statement (in RSD ‘000) 01-Jan to 31-Dec 01-Jan to 31-Dec Net operating income 4,656,220 4,953,980 Net interest income 3,413,710 3,584,298 Net fee and commission income 1,242,510 1,369,682 Other operating income 528,690 668,586 Operating expenses -4,176,459 -4,248,008 Operating result before credit risk provisions 1,008,451 1,374,558 Credit risk provisioning costs -425,157 -226,370 Income tax -39,954 -40,493 Result for the period after tax 543,340 1,107,695 Balance sheet (in RSD ‘000) 31.12.2020 31.12.2019 Loans and receivables due from clients 71,669,829 67,586,939 Deposits and financial liabilities due to clients 66,588,521 60,988,985 Equity 22,759,282 22,386,667 Total assets 101,461,847 94,756,170 Key performance ratios 2020 2019 Net interest income/total assets 3.36% 3.78% Cost to income ratio (CIR) 71.02% 67.18% Tier 1 capital ratio 26.40% 26.30% Total capital adequacy ratio 26.40% 27.05% Headcount as of the reporting date 532 558 Number of branches 36 37 Letter from the Executive Board Poštovani, Poslovanje u 2020. godini obeleženo je pandemijom koronavirusa i pre svega izazovima u domenu bezbednosti i zdravlja kako zaposlenih tako i klijenata kao i izazovima vezanim za održivost kontinuiteta poslovanja.
    [Show full text]
  • Annual Report 2019
    Annual Report 2019 Key data based on the financial statements drawn up in accordance with IFRS 1) EUR m Selected items of the Profit or Loss statement 2019 2018 +/-(%) Net banking income 51.9 48.8 6.4% Net interest income 41.0 38.9 5.7% Net fee and commission income 10.9 9.9 10.1% Net result on financial instruments 1.4 5.4 -74.1% Other operating result -2.9 -2.3 26.1% Operating expenses -27.7 -26.6 4.1% Operating result before change in credit loss expense 22.7 25.4 -10.6% Credit loss expenses on financial assets 2.0 2.2 -9.7% Tax on income -6.2 9.5 -165.3% Result after tax 18.4 37.2 -50.5% Performance ratios 2019 2018 +/-(%) Net interest income/total average assets 2.5% 2.5% 0.0% Return on tangible equity 10.3% 21.7% -52.5% Cost/income ratio 53.3% 54.5% -2.2% Cost of risk ratio -0.1% -0.2% -50.0% Selected items of the Statement of financial position 2019 2018 +/-(%) Loans and advances to customers 1,203.3 1,240.2 -3.0% o/w gross performing loans 1,184.6 1,145.5 3.4% Deposits of customers 1,223.2 1,174.2 4.2% Equity 181.6 173.8 4.5% Total assets 1,617.3 1,618.1 0.0% Risk-weighted assets 1,045.0 1,028.4 1.6% Balance sheet ratios 2019 2018 +/-(%) Loan to deposit ratio 96.4% 95.1% 2.4% NPE ratio 1.5% 1.9% -22.1% NPE coverage ratio 70.6% 70.6% 0.0% Liquidity coverage ratio 205.6% 155.2% 32.5% Common equity tier 1 ratio 15.5% 13.5% 14.8% Total capital ratio 17.0% 14.9% 14.1% 1) The indicators are calculated in accordance with the Instructions for the preparation of the statement of financial position, income statement and statement of comprehensive income and the calculation of indicators of operations of banks and savings banks (3.12.2019) Annual Report 2019 Content MANAGEMENT LETTER FOR 2019 ........................................................................................
    [Show full text]
  • Q4 and Full Year 2020 Report
    Q4 and full year 2020 report 18 February 2021 Presenters: Henrik Wennerholm, CEO, and Fredrik Olsson, CFO This presentation contains forward-looking statements. Such statements are based on our current expectations and are subject to certain risks and uncertainties that could negatively affect our business. Please refer to our website for a better understanding of these risks and uncertainties. Unless otherwise stated, figures in parentheses relate to the preceding comparable period in 2019 © DDM Holding AG 2021 AGENDA 1. Key developments 2. Financials 2020 3. Summary 2 Key highlights: 2020 Key highlights Geographic locations • Record performance Invested assets, book value by country, – Net collections of EUR 115m Q4 2020 – Cash EBITDA of EUR 102m Romania & Other 2% Czech Rep 2% Slovenia 3% • Portfolio resilient supported by high quality secured Hungary 7% assets resulting in less than 1% revaluation EUR Austria 24% 138m Croatia • Deleveraged balance sheet following bond buybacks 62% and repurchases totaling EUR 36m during H2 2020 • Strong capital and liquidity position ahead of bond refinancing Company headquarters in Switzerland Net collections FY 20201) Cash EBITDA FY 20201) Listed on Nasdaq First North (Stockholm) EUR 115m EUR 102m Invested markets Cash Q4 2020 120-month ERC Q4 2020 EUR 31m EUR 258m 3 1) Includes incremental net distribution from joint venture Key developments: 2020 Summarizing the full year • Successfully restructured the Greek transaction we first entered into in 2017 • Accelerated net collections of approximately
    [Show full text]
  • Financial Statements
    Financial statements for the year ended 31 December 2019 and Independent auditor’s report This version of the report is a translation from the original, which was prepared in Bosnian language. All possible care has been taken to ensure that the translation is an accurate representation of the original. However, in all matters of interpre- tation of information, views or opinions, the original language version of our financial reports and the accompanying audit report takes precedence over this translation. 0 Annual report 2019 Key data based on the financial statements drawn up in accordance with IFRS (000) BAM Selected items of the Profit or Loss statement YE19 YE18 Change (%) Net banking income 40,611 36,906 10.0% Net interest income 27,581 24,337 13.3% Net fee and commission income 13,030 12,569 3.7% Net result on financial instruments 1,081 298 >100% Other operating result -1,684 -3,056 44.9% Operating expenses -32,346 -32,192 0.5% Operating result before change in credit loss expense 7,662 1,956 >100% Credit loss expenses on financial assets -372 6,804 >100% Tax on income 0 0 Result after tax 7,290 8,760 -16.8% Performance ratios YE19 YE18 Change (pts) Net interest income/total average assets 2.9% 2.7% 0.24 Return on tangible equity 3.6% 4.3% -0.71 Cost/income ratio 77.0% 84.0% 7.00 Cost of risk ratio 0.04% -1.5% 1.54 Selected items of the Statement of financial position Dec19 Dec18 Change (%) Loans and receivables to customers 542,309 494,724 9.6% o/w gross performing loans 542.492 495,318 9.5% Deposits of customers 728,279 654,725 11.2% Equity 215,050 204,223 5.3% Total assets 986,996 890,324 10.9% Risk-weighted assets 713,429 633,430 12.6% Balance sheet ratios Dec19 Dec18 Change (pts) Loan to deposit ratio 74.5% 75.6% 1.10 NPE ratio 7.7% 11.0% -3.30 NPE coverage ratio 86.1% 87.6% -1.50 Liquidity coverage ratio 412.0% 530.0% -118.0 Common equity tier 1 ratio 26.1% 27.3% -1.22 Total capital ratio 26.1% 27.3% -1.22 1 Annual report 2019 Letter from the CEO Dear All, Addiko Bank dd Sarajevo ended 2019 successfully, in line with its plans.
    [Show full text]
  • Annual Report 2020
    Management Report Annual Report 2020 This version of the report is a translation from the original, which was prepared in Serbian language. All possible care has been taken to ensure that the translation is an accurate representation of the original. However, in all matters of interpreta- tion of information, views or opinions, the original language version of our financial reports and the accompanying audit re- port takes precedence over this translation. Annual Report 2020 0 1. Management Report Key data based on the consolidated financial statements prepared in accordance with the accounting regulations applicable to banks in Republika Srpska (RS), which are based on the Law on Accounting and Auditing in RS, Law on Banks of RS, and bylaws of the Banking Agency of RS. BAM ths Selected items of the Profit or Loss statement 2020 2019 (%) Net banking income 38,345 37,555 2.1% Net interest income 25,699 25,035 2.7% Net fee and commission income 12,646 12,520 1.0% Net result on financial instruments 133 317 -58.0% Other operating result -4,175 -1,539 >100% Operating expenses -27,461 -28,355 -3.2% Operating result 6,842 7,978 -14.2% Other result -2,532 -731 >100% Credit loss expenses on financial assets -14,916 -543 >100% Tax on income 2,601 16 >100% Result after tax -8,005 6,720 >100% Performance ratios 2020 2019 (pts) Net interest income/total average assets 3.1% 3.0% 0.1% Return on average tangible equity -5.5% 4.4% -9.9% Cost/income ratio 71.6% 75.6% -4.0% Cost of risk ratio 1.8% 0.1% 1.7% Selected items of the Statement of financial
    [Show full text]