Slovenia: Bank Austria Creditanstalt Advances One Spot to 4th

30. März 2007, 00:00

Bank Austria Creditanstalt, the Ljubljana-based member of Italian-Austrian Unicredit financial group, increased overall...

Bank Austria Creditanstalt, the Ljubljana-based member of Italian-Austrian Unicredit financial group, increased overall assets to EUR 2.2 billion in 2006, up 16 per cent over 2005, making the bank the 4th largest in Slovenia, Bank Austria Creditanstalt chairman France Arhar told the press on Thursday.

Arhar was pleased with the banks results. He said that assets rose mainly due to a 46-per-cent increase in loans to individuals. The bank also managed to up loans to small- and medium-sized companies, by 78 per cent and 46 per cent, respectively, the chairman said.

The banks pre-tax profit amounted to EUR 14.7 million, up 3 per cent year-on-year, while its market share remained unchanged at 6.5 per cent, Arhar added.

The banks mid-term goals see the company taking a 20-per-cent market share in mortgage loans and expand its network from the 14 branch offices it has today. (Finance)
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