BKS Bank said its net profit grew 14.8% to EUR 46.4m for 2010. The bank plans unchanged dividend of EUR 0.25 per share. Risk provisions rose to EUR 47.6m from EUR 37.4m. BKS Bank expects a "volatile" business development in 2011. The firm will continue its expansion in Slovenia.
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Allianz Austria said its 2010 net profit increased 29.7% to EUR 105.9m, while the gross premium income fell 3.9% to EUR 1.286bn. The company's head, Wolfram Littich, said he is optimistic for 2011.
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Volksbank international (VBI), the eastern European subsidiary of OeVAG, reported a net loss of EUR 21.8m for 2010 due to high write-offs in Romania and Ukraine. The pretax profit collapsed to EUR 2m from EUR 47.5m for 2009. VBI is soon to be sold by its parent.
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