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Higher Earnings at RLB Tyrol
In 2011, Raiffeisenlandesbank Tyrol (RLB) could raise earnings by 37 %to € 24.2m.
Higher Earnings at RLB Tyrol / Picture: © Vindobona.org
Last year, RLB Tyrol recorded a rise in total assets by 2.4% to € 7.36bn. Net income reached € 8.5m. EBIT profits totaled € 134.6m (+11.3%). Deposits increased by 2.6%, lending was up by 1.9%. Operating profits reached € 24.2m (+37%).
RLB Tyrol´s CEO Hannes Schmid warns: the restrictions by the bank supervisory authority become harder and harder. Furthermore, the…
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