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2021/04/29 / Erste Group Research

AT Banks are Braving the Crisis in 2021 as well

The starting position of Austrian banks was good at the beginning of the pandemic, with a low ratio of non-performing loans and adequate capital ratios. In the course of 2020, both of these ratios and earnings developed in a stable manner. The fact that the annual result nevertheless fell by almost 50% was due to higher risk provisions. These should decrease again this year, with profitability recovering in 2021. The ratio of non-performing loans should increase only slightly, capital ratios should remain strong and refinancing options stable.

Special topics of the week:

BIG: 2020 Annual Result

BAWAG Group: Stable trend in the Core Business
Issuer in Focus: Kommunalkredit Austria AG

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General information

AuthorErste Group Research
Product nameCredit News
Topic in focusCredits/ Corporate bonds
Economy in focusAustria, Eurozone
Currency in focusEuro
Sector in focus-


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