RLB Upper Austria Records Massive Increase in Earnings

Professional Services › Banks ♦ Published: March 21, 2011; 00:00 ♦ (Vindobona)

Raiffeisenlandesbank Upper Austria (RLB) shows an increase in operating profits by 66.1%.

RLB Upper Austria Records Massive Increase in Earnings / Picture: © Raiffeisen Bank International AG / S. Klimpt

In 2010, operating profits grew by 66.1% - from € 232m up to € 386.5m. However, this number already contains € 120m of retained profits. RLB followed accepted a recommendation of a rating agency to present retained profits too. Otherwise, operating profits would have risen from € 232m up to € 266.5m. By the end of the year 2010, RLB announced to expect € 260m in operating…

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