Drastic Cut in Profit at RLB Lower Austria-Vienna

Professional ServicesBanks ♦ Published: April 20, 2012; 13:36 ♦ (Vindobona)

After net income of € 308.6m in 2010, the figure went down by 64.5% last year. Write-offs in Hungary, bank taxes and the lower result at RZB are the main reasons.

Drastic Cut in Profit at RLB Lower Austria-Vienna / Picture: © Raiffeisen Bank International AG / S. Klimpt

Last year, the regional bank RLB Lower Austria-Vienna recorded a net income of € 109.7m after € 306.6m the year before. The bank´s tier-1 equity quota reached 9.4% (after 9.1% in 2010). Operating results grew by 0.3% to € 233m. Pre-tax profits were up by 2.9% to € 166.6m.

RLB´s equity quota stood at 14.1% at the end of 2011, which exceeds the 8.0% threshold…

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