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Solid Results at RLB Carinthia
According to preliminary results, RLB Carinthia (Raiffeisenlandesbank Kärnten) reached operating profits of € 34.5m in 2011. The insolvent AvW is still a massive risk factor, however.
Solid Results at RLB Carinthia / Picture: © Raiffeisen Bank International AG / S. Klimpt
Last year, the regional bank could raise its pre-tax profits to € 34.5m from € 28.5m. However, RLB Carinthia had to correct its preliminary data last year. Initially, a pre-tax profit of € 44m was expected in 2010.
This was due to write-offs of a subsidiary, which was engaged in the insolvent investment company AvW. In the worst case scenario, RLB Carinthia may suffer…
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