BKS Bank with a surplus of 30.7 million euros in the first half of the year

In the first half of 2022, BKS Bank made a profit for the period of 30.7 million euros. In the first half of 2021, the surplus was still 36.6 million euros. The total balance sheet increased by 1.2% to €10.7 billion due to the expansion of the deposit and lending business.

CEO Herta Stockbauer explained that “thanks to good operating business, we can report an increase in net interest income before risk provisions to €69.6 million (plus 3.2 percent). Given the difficult interest rate situation, this is the first result.” . “However, due to deteriorating macroeconomic factors, we have increased the risk allowance from 9.5 million euros to 13.4 million euros. As a result, net interest income after risk provisions decreased by 3 per cent from 56.3 million euros.”