Raiffeisen Zentralbank Posts 57% Increase in Profits

Professional ServicesBanks ♦ Published: April 15, 2011; 08:12 ♦ (Vindobona)

Profit before tax: € 1,292 million (+56.8 per cent) - Return on equity before tax 12.5 per cent (+3.7 PP).

Raiffeisen Zentralbank Posts 57% Increase in Profits / Picture: © Raiffeisen Zentralbank Österreich AG / Peter Rigaud

With its results for 2010, Raiffeisen Zentralbank Österreich AG (RZB) Group has continued its performance from the years before the financial crisis. Net income, total assets, the number of employees and many other business indicators are now back to the level of 2007. “RZB continued to post profits even during the uncertain economic conditions seen in recent years. Our results in…