Research Detail
| 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
| Author | Erste Group Research |
| Date | 2022/05/13 |
| Language |  |
| Product name | Credit News |
| Topic in focus | Credits/ Corporate bonds |
| Economy in focus | Austria |
| Currency in focus | Euro |
| Sector in focus | - |
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