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Mixed Results at RLB Styria
Raiffeisenlandesbank (RLB) Styria achieved an increase in EBIT by 13.3%. Net Income was down by 4%.
Mixed Results at RLB Styria / Picture: © Raiffeisen Bank International AG / S. Klimpt
The financial year 2011 was satisfying in principle, CEO Markus Mair commented. EBIT of the top institute RLB Styria AG rose by 5.4% to € 110.1m (after € 95m). The whole Styrian Raiffeisen sector (RLB together with 86 Raiffeisen banks) showed an increase in EBIT of 13.3% to € 238.7m. However, net income decreased by 4% to € 122.0.m (after € 127.9m). Net income of the sector…
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