Oberbank

Oberbank increased its first-half net profit from €179.2 million to €199 million, driven by an "extremely strong" operating performance, higher deposits and loans, and a markedly improved investment result. Martin Seiter, the designated successor to the CEO, emphasizes organic growth and identifies Hungary and Germany as the main growth regions; in Germany, 45 branches across ten federal states are planned so far, with up to six more intended in North Rhine-Westphalia. Total assets are approaching €30 billion, which will trigger direct ECB supervision; the NPL ratio remained low at 2.94 percent and risk provisions were increased. » More on kurier.at

Franz Gasselsberger has requested a mutual termination of his contract and will leave at the end of 2026 after 28 years on the board and almost 20 years as general director; his contract would have run until May 2027. Until then he will remain general director with "great pleasure." Board director Martin Seiter is expected to be proposed as his successor; the supervisory board’s decision is expected in March 2026. Observers emphasize Gasselsberger’s shaping role at Oberbank and point to the recently resolved disputes with UniCredit. » More on kurier.at

Oberbank reports operational growth in the half-year with a profit after tax of €179.2 million (-11%), strong loan growth and declining loan defaults. CEO Franz Gasselsberger warns of possible tax increases and plans expansion in Germany, particularly North Rhine-Westphalia, and sees opportunities in the Czech Republic and Hungary. He also criticizes state interventions and the bank levy, but regards the bank’s loan portfolio as stable. » More on kurier.at