RLB OÖ Records Substantial Growth

People ♦ Published: December 31, 2010; 20:53 ♦ (Vindobona)

Raiffeisenlandesbank Oberösterreich experiences a 11.8% increase in operating profits. Cost-Income ratio further decreases.

RLB OÖ Records Substantial Growth / Picture: © Vindobona.org

In the provisional income statement, operating results of RLB OÖ increase from € 232m to € 260m, which stands for an increase by 11.8%. In 2009, the growth amounted to 14.1%. Gross earnings grew by 7.9% and amount to € 442.8m.

Austria´s biggest regional bank disposes of assets over € 30.1bn (+2.5%). Financing is € 15.8bn and grew by 15.8%.

RLB´s cost-income…