Denzel Bank has a record year
The volume of newly concluded financing increased to a record value of 95 million euros, with growth of 7% being achieved particularly in the core business of vehicle financing, although new vehicle registrations fell by around 5%. Overall, loans to customers (loans and leasing) increased by 5.3% to 237 million euros as of December 31, 2014 compared to the previous year and also reached a peak. Despite the less dynamic economic environment, Mr. Heinz Gruber, CEO of Bankhaus Denzel AG, looks forward to 2015 with confidence: “The continuously positive business development encourages us once again to stick to our traditional business model: the collection of savings deposits...

Denzel Bank has a record year

The volume of newly concluded financing increased to a record value of 95 million euros, with growth of 7% being achieved particularly in the core business of vehicle financing, although new vehicle registrations fell by around 5%. Overall, loans to customers (loans and leasing) increased by 5.3% to 237 million euros as of December 31, 2014 compared to the previous year and also reached a peak. Despite the less dynamic economic environment, Mr. Heinz Gruber, CEO of Bankhaus Denzel AG, looks forward to 2015 with confidence: “The continuously positive business development encourages us once again to stick to our traditional business model: collecting savings deposits and granting loans and leasing contracts to consumers and SMEs in Austria.”