May 24, 2018 / 6:01 AM / a month ago

BAWAG Q1 profit falls on regulatory charges

VIENNA, May 24 (Reuters) - Austrian bank BAWAG Group said on Thursday its first-quarter pre-tax profit fell 4 percent due to front-loaded regulatory charges.

Profit before tax in the three months through March came in at 116 million euros ($136 million), the lender said.

Austria's fourth-biggest bank, which is backed by U.S. financial investor Cerberus, still targets its full-year pre-tax profit to increase by more than 5 percent. ($1 = 0.8543 euros) (Reporting by Kirsti Knolle; Editing by Biju Dwarakanath)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below