RLB Burgenland Records Rise in Profits

Professional ServicesBanks ♦ Published: February 2, 2012; 14:06 ♦ (Vindobona)

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…