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3 Banken Gruppe proves itself in a critical market environment
01-Apr-2009
“Our three institutes stand for a reputable, low-risk, business policy which is geared toward long-term customer partnerships instead of short-term profits”, explains Mr. Heimo Penker, speaker of the 3 Banken Gruppe. That’s the reason the group fared so well during the crisis shaken business year of 2008.
„All three banks are expanding their business volume. Combined we have a balance sheet total of about 30 billion euros available to us, the loan volume has increased to 19,2 billion euros and the primary deposits have increased to 20,3 billion euros”, Penker shows that the 3.700 group employees were very productive. At the same time, an effective cost management provided for an overall improvement of the Cost-Income-Ratio (CIR). “With our CIRs, which are all between 48,94 % (BTV) and 52,36 % (Oberbank), the 3 Banken Gruppe is among the top performers in Austria.”
„Due to solid business practices, the 3 Banken Gruppe had no liquidity bottle necks and has sufficient own funds which can be independently increased by each bank. Oberbank already implemented a capital increase in 2007 and BKS Bank put a hybrid bond on the market at the end of 2008”, says Penker.
