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2023/09/27 / Erste Group Research

Oberbank AG

Oberbank defines itself as a regional universal bank for industry and SMEs with a second strategic pillar in high-end private customer business. The core market is located in Upper Austria and Salzburg, although Oberbank also pursues a market presence across the borders (Germany and CEE). Together with Bank für Tirol und Vorarlberg (BTV) and BKS Bank AG (BKS), Oberbank forms the 3-Bank Group.

The sustainability strategy is anchored in the corporate strategy and covers all areas of the ESG approach.

In 1H 2023, Oberbank's consolidated net profit of EUR 229.6mn was more than 2.5 times higher than in 1H 2022. The increase resulted both from net interest income and from a significantly higher contribution to earnings from companies accounted for using the equity method.

Oberbank strives for the highest possible diversification of funding sources. The mortgage covered bonds are rated 'AAA' by S&P, and Oberbank as issuer is rated 'A' by the S&P rating agency.

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General information

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


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