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2022/05/10 / Erste Group Research

Raiffeisen-Landesbank Tirol AG

Raiffeisen-Landesbank Tirol AG (RLB Tirol) is a regional credit institution and universal bank which operates mainly in Tyrol. The bank is also the regional central institution of the 57 independent, locally-operated Tyrolean Raiffeisen banks, which are also the majority shareholders of the bank. At total assets of EUR 10.9bn (FY 2021), RLB Tirol is one of the smaller of the eight RLB banks in Austria.

In the financial year 2021, RLB Tirol reported profit after tax of EUR 24.1mn, which is EUR 14.2mn higher than in the preceding year. This trend was driven mainly by the higher net interest income and income from securities operations and investments.

Moody's rates RLB Tirol 'A3' with a stable outlook. The mortgage covered bonds are rated 'Aaa' by Moody's.

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General information

AuthorErste Group Research
Date2022/05/10
Languageen
Product nameCredit News
Topic in focusCredits/ Corporate bonds
Economy in focusAustria
Currency in focusEuro
Sector in focus-
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