October 01, 2014 6:21 AM ET

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Company Overview of Raiffeisen Zentralbank Österreich Aktiengesellschaft

Company Overview

Raiffeisen Zentralbank Österreich Aktiengesellschaft provides commercial banking and investment banking products and services to individuals, multinational companies, and financial service providers. It offers corporate finance, and export and trade financing; and private banking, capital investment, leasing and real estate, and other bank-related services. In addition, the company is involved in the cash and asset management, and treasury activities; and provision of research services on economies and capital markets. It has operations in Central, Eastern, and Western Europe; and Austria, Russia, and Asia. The company was founded in 1927 and is based in Vienna, Austria. Raiffeisen Zentralba...

Am Stadtpark 9

Vienna,  1030

Austria

Founded in 1927

58,025 Employees

Phone:

43-1-26216-0

Fax:

43-1-26216-1715

Key Executives for Raiffeisen Zentralbank Österreich Aktiengesellschaft

Chairman of The Managing Board
Age: 61
Chief Executive Officer of Raiffeisen Bausparkasse
Age: 58
Chief Risk Officer and Member of the Management Board
Age: 55
Head of Public Relations
Head of Treasury Capital Markets
Age: 51
Compensation as of Fiscal Year 2014.

Raiffeisen Zentralbank Österreich Aktiengesellschaft Key Developments

Raiffeisen Zentralbank Österreich AG Announces Consolidated Earnings Results for the First Half of 2014

Raiffeisen Zentralbank Österreich AG announced consolidated earnings results for the first half of 2014. For the half year, the company earned a profit before tax was EUR 590 million, up 3% or EUR 17 million on the comparable figure for the previous year. The operating result rose by 3% to EUR 1,329 million, with the increase stemming from higher net interest income, which stood in contrast to lower net trading income. Operating income rose by EUR 4 million to EUR 2,962 million compared to the same period of last year. The net interest margin increased slightly to 3.08% during the first two quarters of 2014, due to lower refinancing costs. Net interest income increased 8% or EUR 158 million to EUR 2,097 million. The main reasons for these positive developments were the integration of affiliated companies, lower refinancing costs, further optimization of liquidity and higher interest income on derivative financial instruments, primarily at RBI AG and in Russia.

Raiffeisen Zentralbank Österreich Aktiengesellschaft Reports Consolidated Financial Results for the Year 2013

Raiffeisen Zentralbank Österreich Aktiengesellschaft reported consolidated financial results for the year 2013. In 2013, the company earned a profit before tax of €1,049 million, representing an increase of 14.3% or €131 million compared to the previous year. One major factor behind this was a significant increase in the operating result, which rose by 26.0% or €529 million. This, in turn, was primarily driven by a strong increase in the net interest margin to 3.05% in the year under review, up from 2.61% in 2012. Despite a reduction in interest-bearing assets, net interest income rose by 11% or €400 million to €3,931 million in 2013. A positive effect was also felt from the significant rise of €124 million in regular income from companies valued at equity. This increase mainly stemmed from the better result at UNIQA Insurance Group AG and improved results at the other associated companies. Return on equity before tax also increased by 1.0 percentage point to 8.9%.

Raiffeisen Zentralbank Österreich Aktiengesellschaft to Report Fiscal Year 2013 Results on Apr 11, 2014

Raiffeisen Zentralbank Österreich Aktiengesellschaft announced that they will report fiscal year 2013 results on Apr 11, 2014

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