Brief: Bank Fuer Tirol Und Vorarlberg Expects Prelim. Consolidated Net Income As Of Dec 31, 2021 In EUR 75-85 Mln Range

BTV Vier Laender Bank AG

12/11/2021 09:53

Nov 12 (Reuters) - BANK FUER TIROL UND VORARLBERG AG
 TIRO.VI :
    * EXPECTS PRELIMINARY CONSOLIDATED NET INCOME (CONSOLIDATED
NET
INCOME BEFORE TAXES) AS OF DECEMBER 31, 2021 IN A RANGE BETWEEN
BETWEEN EUR 75 AND 85 MILLION
    * COMPARED WITH OUTLOOK AS OF DECEMBER 31, 2021 PUBLISHED IN
THE
AD HOC ANNOUNCEMENT OF JULY 19, 2021, THIS WOULD MEAN 40%
INCREASE
    * MAIN REASON FOR THE SIGNIFICANTLY POSITIVE DEVELOPMENT IS
THE
PROVISION FOR RISKS, WHICH IS SIGNIFICANTLY BELOW THE VALUES ON
WHICH THE BUDGET IS BASED

Source text for Eikon:  ID:nAPA1JWGmT 
Further company coverage:  TIRO.VI 

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