Bawag, which incurred losses of some EUR 500 m in 2008 and EUR 22 m in 2009, was "highly profitable" in the first half of this year and will on 25 August announce that net profit, net interest income and net commission income increased, while loan loss provisions declined, Haynes said.
The bank, which is cutting 500 jobs by 2013, is "close to finalizing" the terms with a new chief financial officer and will make an announcement by 25 Aug, Haynes said. Haynes has been CFO in addition to heading the bank, since being appointed chief executive officer in August of last year.
il resto che ho sono delle flash di BBG di un incontro con i giornalisti, ma il succo e' quello