New highs

Salzburg private bank reports best result

Bankhaus Spängler to the left of the Staatsbrücke reported the best result.(Bild: Stadt Salzburg/Alexander Killer)

Salzburg-based Bankhaus Spängler has achieved the best result in its 196-year history for 2023. Austria's oldest private bank recorded an operating result of 25.6 million euros, which corresponds to an increase of 125 percent compared to the previous year.

Salzburg-based Bankhaus Spängler reports the best result of all time for 2023 - and that's 196 years for the private bank. An operating result of 25.6 million euros represents an increase of 125 percent compared to the previous year, Austria's oldest private bank announced in a press release on Monday. The profit on ordinary activities of EUR 20.3 million (up 62 percent) was also a new record.

The customer volume of deposits, loans and securities amounted to 10 billion euros. As at the balance sheet date, the bank had lent 836 million euros to borrowers, almost exclusively from Austria and Bavaria. The assets held in safe custody by customers increased by 13 percent to EUR 4.1 billion, while around EUR 3.1 billion (plus 7 percent) in customer funds were managed in Asset Management.

Bankhaus Spängler has a total of more than 280 employees at nine locations in Salzburg, Vienna, Linz, Graz, Kitzbühel, Innsbruck and Zell am See.