RZB Posts Moderate Profit Increase

Businessn.a. ♦ Published: August 29, 2012; 13:30 ♦ (Vindobona)

RZB´s (Raiffeisen Zentralbank) profit before tax rose 6.2 per cent to € 931m. Return on Equity increased mildly to 16.2 per cent (+0.4 percentage points)

RZB Posts Moderate Profit Increase / Picture: © Raiffeisen Bank International AG / S. Klimpt

During the first half of 2012, the Raiffeisen Zentralbank Österreich AG (RZB) Group – composed of the parent institution of the Raiffeisen Banking Group and its investments, including sub-group Raiffeisen Bank International, the sector-specific institutions and UNIQA insurance – continued to perform well in a persistently difficult economic environment. In the period under review,…