Oberbank AgVIE: OBS

OBS: Record operating income and equity growth, but profit before tax fell 3.7% year-over-year

· Issued by Oberbank AG

Record operating income and equity growth were achieved despite a challenging economic environment, with net interest income up 11.8% and robust commercial lending. Profit before tax declined 3.7% year-over-year due to lower equity-method income, and credit risk provisions rose sharply.

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