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RLB Burgenland Records Rise in Profits
The regional bank´s operating profit was up by 9.8% to € 53m. RLB Burgenland´s total assets grew by 5.3% to € 6.3bn.
RLB Burgenland Records Rise in Profits / Picture: © Raiffeisen Bank International AG / S. Klimpt
CEO Julius Marhold expects a “difficult year with many variables”. However, RLB Burgenland is “well prepared for more difficult times”. Management of RLB Burgenland demonstrates optimism: the regional bank has equity capital of € 294m and a tier-1 capital quota of 9.72%. Thus, the bank already fulfills Basel-III requirements and those of EBA (European Banking…
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