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2022/05/13 / Erste Group Research

Raiffeisenverband Salzburg

Raiffeisenverband Salzburg (RVS) is the central institution of the Raiffeisen Banking Group Salzburg. With total assets of EUR 9.7bn, RVS is one of the smaller of the eight RLBs in Austria. As a mixed association, RVS provides banking services as well as services in the areas of auditing and commodity operations.

In fiscal year 2021, RVS was able to significantly increase its pre-tax result to EUR 43.2mn. One of the main reasons for the earnings growth was the increase in net interest income, which grew by 22%.

Raiffeisenverband Salzburg has a credit rating from Moody's. The rating was raised by one notch to 'A3' in 2021. RVS issues mortgage-backed covered bonds, which are rated 'Aaa' by Moody's.

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General information

AuthorErste Group Research
Date2022/05/13
Languageen
Product nameCredit News
Topic in focusCredits/ Corporate bonds
Economy in focusAustria
Currency in focusEuro
Sector in focus-
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