In breve. Niente pagamenti agli azionisti, ma i pagamenti di interessi allo stato dovrebbero assicurare le cedole sugli ibridi, se ricordo correttamente le condizioni da prospetto. Temporeggiano invece sulla restituzione degli aiuti.
Three years would have to take it, but now it has become four: BAWAG PSK 2010 is returned to profitability. In 2010, the U.S. fund Cerberus owned bank reported a net profit of 125.4 million euros. In 2009, it has the bottom line is still a small loss of 21.5 million euros given. In the years before the bank had been shaken by huge losses. Pre-tax profit rose from 35 in 2010 to 138 million euros, the bank said on Wednesday. Risk costs are lower, yields increased. The Board discussed the morning 2010 in a press conference the financial statements.
As the EU's support for the (repeated) warrants state support has been a dividend waiver for the years 2010 and 2011. Gains may be removed only in 2012 (distributable 2013) to shareholders - must remain before the money for capital construction in the house. For the period after that there is dividend restrictions, as long as state aid is in the bank.
For 550 million euros of state aid (participation certificates) BAWAG in 2009 around 25.6 million euros had referred to the Republic. The forthcoming coupon payment for 2010 of 51.2 million euros Haynes announced on Wednesday for the next month.
State money
An early repayment of state money keeps open the Bawag. At present, it was not provided. Everything depends on the new Basel capital rules III. To end the core capital ratio (credit risk) to 10.2 (previous year: 10.4) percent is estimated.
A 400-million-guarantee of the Republic of problem assets has already denounced the board last summer, because they no longer needed it. Haynes, today announced that it is degraded in the financial crisis as critical structured credit portfolio to 842 million euros. And it was 2010 "no impairment" given the fact that this was particularly important to him.
In 2010, the bank reported a net profit of 125.4 million euros. In 2009, it has the bottom line is still a small loss of 21.5 million euros given. In the years before the bank had been shaken by huge losses.