Hypo Lower Austria: Optimism despite challenges in the construction sector!
Hypo Lower Austria: Optimism despite challenges in the construction sector!
St. Pölten, Österreich - Hypo Lower Austria shows a combination of positive business results and challenges in lending. In the first half of 2024, the bank achieved an impressive result before taxes of 48.2 million euros, which lies above the figures of the previous year, according to the board spokesman Wolfgang Viehauser in conversation with . The core income rose through a stable, long -term business model, although the administrative effort could be reduced by 7.7 percent.
However, the bank also fights with the current market situation in the real estate sector. Last year, Hypo Lower Austria awarded loans of 1.6 billion euros, with about half a billion flowed into the public sector. But the residential finance recorded a decline, which is largely due to the difficult situation in the field of freely financed living. However, the house was optimistic about possible relaxation in the industry, especially through changes in the procurement regulations and interest reductions of the European Central Bank, as reported.
positive financial cards and challenges
The Hypo Lower Austria emphasizes that the robust CET1 core capital quota of 19.82 percent underlines the risk-conscious business model. This not only ensures financial stability, but also enables new capital market transactions to successfully carry out, including the placement of Green Bonds. However, one of the critical challenges includes increasing the bank tax, which is considered counterproductive for lending because it continues to reduce the investments.
Overall, Hypo Lower Austria remains optimistic despite the difficulties in the residential building industry that market conditions can soon improve. These developments once again show the balance between stable economic performance data and the real challenges with which banks are faced with.
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| Ort | St. Pölten, Österreich |
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