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RLB Lower Austria – Vienna Decreasing Net Income
RLB (Raiffeisenlandesbank) Lower Austria-Vienna published its results for the first six months of 2012. Net income and operating profit were down.
RLB Lower Austria – Vienna Decreasing Net Income / Picture: © Vindobona.org
The net income was down by 10.7% to € 164.4m. In the reference period of 2011, net income reached € 184.1m. The operating profit reached € 177.8m, which is substantially below the figure of 2011 (€ 230.7m). According to RLB, this was mainly due to the reduction in the net interest surplus. Total assets were up by 4.6% to € 33.6bn.
RLB underlines that the tier 1 capital…
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