BKS Bank AG
Issuer Profile Covered Bonds , 18. Apr
With total assets of EUR 11bn at the end of 2024, BKS Bank is one of the smaller universal banks in Austria. The focus is on corporate banking. The regional focus is on Austria, in particular on Carinthia and Styria, although the bank also has a market presence across the borders (Slovenia, Croatia and Slovakia). BKS Bank, together with Oberbank and Bank für Tirol und Vorarlberg (BTV), forms the 3 Banken Group
BKS Bank's sustainability strategy covers all areas of the ESG approach and includes quantitative targets. Since 2010, the bank has had a sustainability rating, currently C+, and PRIME status from ISS ESG. Since 2021, the bank has also been a green bond issuer. Since 2017, the bank has also been one of the most sustainable issuers in Austria, issuing green, social and sustainability bonds.
In the financial year 2024, BKS Bank generated a consolidated net income after tax of EUR 163.2mn. This corresponds to a decline of 8.8% compared to the record result in the previous year. The decline in earnings in 2024 was mainly due to lower net interest income, as well as to a lower income from investments, and an increase in risk provisions and expenses.
BKS Bank has access to a significant volume of customer deposits. Since 2024, the bank has held both a covered bond (S&P / 'AAA') and an issuer rating (S&P / 'BBB+'), which provides the opportunity for public capital market offerings.
BKS Bank's sustainability strategy covers all areas of the ESG approach and includes quantitative targets. Since 2010, the bank has had a sustainability rating, currently C+, and PRIME status from ISS ESG. Since 2021, the bank has also been a green bond issuer. Since 2017, the bank has also been one of the most sustainable issuers in Austria, issuing green, social and sustainability bonds.
In the financial year 2024, BKS Bank generated a consolidated net income after tax of EUR 163.2mn. This corresponds to a decline of 8.8% compared to the record result in the previous year. The decline in earnings in 2024 was mainly due to lower net interest income, as well as to a lower income from investments, and an increase in risk provisions and expenses.
BKS Bank has access to a significant volume of customer deposits. Since 2024, the bank has held both a covered bond (S&P / 'AAA') and an issuer rating (S&P / 'BBB+'), which provides the opportunity for public capital market offerings.