Volksbank AG, the parent company of the commercial bank Volksbank Malta, has just presented its review of a successful first half-year 2006. “Volksbank AG reached a half- yearly result of EUR77 billion as at 30 June, managing director Herbert Skok explained. “Compared to the total balance sheet sum a year earlier, this is a growth of EUR9.4 billion or 14 per cent.”

“Another positive aspect of the half-yearly financial results is the fact that all of our five main sectors – retail, corporates, municipals, financial markets and real estate – have essentially contributed to this success,” said group chairman Franz Pinkl. “This shows the balance and stability of our new group structure, which was changed after the acquisition of Investkredit last year.”

The positive results are also reflected in the number of employees within the Volksbank Group. “Volksbank AG now has a network of more than 750 branches in Austria, Malta, Bosnia-Herzegovina, Croatia, Czech Republic, Hungary, Italy, Liechtenstein, Romania, Serbia, Slovakia, Slovenia, Switzerland and the Ukraine,” Mr Skok said.