Mixed Results at RLB Styria

Published: May 2, 2012; 22:05 · (Vindobona)

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…

This article includes a total of 183 words.

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