Business
In 2021, Raiffeisen Landesbank (RLB) Tirol almost doubled the result from ordinary activities (EGT) from EUR 16.3 million in 2020 to EUR 31.1 million. The balance sheet total of the central institute of the Raiffeisen banking group rose from 9.4 to 10.9 billion euros in this period.
One particularly emphasizes a success in the lending business at the RLB. According to its own statements, the loans of RLB Tirol grew by 6.1 percent, well above the market, to EUR 3.34 billion. The core capital ratio remains at a high level of 15.5 percent following 16.0 percent in 2020. In view of the figures, CEO Reinhard Mayr speaks of a “strong performance” in the changeable second year of the pandemic. Just like successes in customer business, special factors such as a catch-up dividend from RBI would contribute to the 2021 operating result.
Not directly affected by the effects of war
Regarding the risks in view of the Ukraine war, the RLB broadcast states that it does not conduct any operative business itself in the regions affected by the war and is not directly affected by any effects of the conflict on the RBI subsidiary banks in Belarus, Russia and Ukraine .
Digitization and sustainability
Digitization and a “sensible combination of personal contact and online services” remain a core topic at RLB, according to Deputy CEO Thomas Wass. Another topic should be sustainability. Capital should increasingly be channeled into companies that do business with consideration for the environment and social factors.
The CO2 emissions of the company’s own operations are to be reduced by more than 60 percent by 2025 and the future RLB headquarters in Innsbruck’s Adamgasse will be built as a highly energy-efficient building certified according to sustainability criteria, according to the RLB in the broadcast.
