Article: BAWAG swings to profit in H1 '09.

(ADPnews) - Aug 28, 2009 - Austrian bank BAWAG PSK, owned by US Cerberus, said Friday it booked a net profit of EUR 13.3 million (USD 19.1m) for the first half of 2009, compared to a loss of EUR 40.5 million a year earlier.

From today's point of view, BAWAG expects to be in the black for the whole 2009, despite a considerable increase in risk provisions, CEO David Roberts said.

Meanwhile Roberts announced today his ...

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