Plus in customer business

Raiffeisen Steiermark increases consolidated result

Chief Executive Officer Martin Schaller

(Bild: RLB Steiermark)

Raiffeisen-Landesbank can look back on its annual results with satisfaction: the consolidated result increased to 345.1 million euros, with net interest income amounting to 176.6 million euros. "The results strengthen our position to remain a stable anchor," says CEO Martin Schaller.

The annual results are now on the table at Raiffeisen: "2023 was characterized by above-average inflation, a weak economy and rising interest rates," analyzes CEO Martin Schaller. Together with customers, the company has adapted well to this. At 17.1 billion euros, the balance sheet total remains at a very high level. The consolidated result increased to 345.1 million euros (previous year: 78.4 million euros), with net interest income of 176.6 million euros contributing to this. The equity ratio also increased to 21.6 percent - twice as high as required by law.

Plus in customer business
There is also reason to be pleased in the customer business, which now stands at 52.8 billion euros thanks to strong growth in loans and securities. "Growth has slowed down due to inflation and higher interest rates. Nevertheless, we were able to facilitate around 2.6 billion euros in fresh financing," reports CEO Rainer Stelzer. "A comeback in investments" is expected for the second half of 2024. "The results strengthen our position so that we can continue to invest in the future. For example, in digitalization, in a modern bank branch network and in highly trained employees," says Schaller.