The Austrian National Bank published aggregated supervisory statistics on the annual results of Austrian banking groups and standalone banks, showing profit after tax and minority interests of around EUR 11.5 billion in 2024. The result was EUR 1.1 billion below 2023, with a slightly higher operating result and lower credit-risk charges outweighed by other developments, partly influenced by geopolitical events. Operating income rose to EUR 37.4 billion, driven by higher net interest income (EUR 25.9 billion) and stronger trading and valuation results, while other operating income declined; the operating result increased marginally to EUR 18.9 billion as higher administrative expenses and higher depreciation and impairments absorbed much of the revenue growth. Credit-risk impairments and provisions fell to EUR 2.3 billion, but other provisions increased to EUR 1.5 billion, profits from unconsolidated subsidiaries dropped to EUR 1.4 billion, and discontinued operations contributed a loss of EUR 0.7 billion. The OeNB noted that the strong earnings position should be used to further strengthen banks’ capital, and it corrected the previously reported 2023 after-tax result from EUR 14.1 billion to EUR 12.6 billion following data adjustments based on audited financial statements.
Austrian National Bank (OeNB) 2025-04-09
Austrian National Bank reports Austrian banks’ 2024 profit fell to EUR 11.5 billion and revises 2023 result to EUR 12.6 billion
The Austrian National Bank reported Austrian banks' profit after tax and minority interests at EUR 11.5 billion in 2024, down EUR 1.1 billion from 2023. Operating income rose to EUR 37.4 billion, driven by net interest income and trading results, despite higher administrative expenses and depreciation. The OeNB emphasized using strong earnings to bolster capital and corrected the 2023 after-tax result to EUR 12.6 billion following audited adjustments.