Austria: RLB OÖ Rows Bank on Threat to Leave

PeopleOther ♦ Published: April 16, 2014; 13:26 ♦ (Vindobona)

Last year regional lender RLB OÖ (Raiffeisen Landesbank Oberösterreich), part of Raiffeisen group, saw a decline of six percent in its balance sheet totals while the operating results increased by almost three percent.

According to Schaller, bank levies in Austria have reached a "critical volume". / Picture: ©

According to RLB OÖ’s own information the balance sheet totals were “cautiously reduced” by six percent to € 37.4bn, consistent with IFRS guidelines.

“The year was not easy. Economically it did not developed in such a way as economic researchers had predicted,” Heinrich Schaller, managing director of RLB OÖ, admitted. “We are still satisfied,” he said and…