Raiffeisen NÖ-Wien was in the black for the first half of the year

After the high losses of the previous year, Raiffeisen-Holding NÖ-Wien is now back in the black in the first half of 2021. The pre-tax result was EUR 187.3 million. The Raiffeisenlandesbank NÖ-Wien subgroup generated EUR 160.7 million. On the occasion of the half-year results, General Director Klaus Buchleitner announced that he would not extend his contract, which was due to expire at the end of May 2022.

In the first half of 2020, Raiffeisen-Holding NÖ-Wien had to post a loss of EUR 312.8 million, while RLB was in the red with EUR 336.8 million.

Due to the pandemic, the earnings contribution of the holdings in the Agriculture, Infrastructure and Media business areas was slightly lower than in the previous year at 39.3 million euros in the first half of 2021 (1st half of 2020: 45.2 million euros), according to Raiffeisen Lower Austria-Vienna on Tuesday with.

“We are very satisfied with how things went in the first half of the year,” said Buchleitner. “The result shows that we are robust and weatherproof and that we were able to take the economic upswing that occurred after the end of the lockdowns with us. It is also in line with our comprehensive precautionary policy that we have retained the additional risk provisions established during the pandemic year 2020 to this day.”

The capital ratios were increased again: The core capital ratio (CET-1 ratio) was at 19.9 percent at the end of the half-year, at a high level (1st half of 2020: 16.5 percent), as was the total capital ratio (TC ratio) at 22 .5 percent (1st half of 2020: 20.0 percent).

Buchleitner does not want to extend his contract after 20 years as General Director at the end of May 2022. “General director Buchleitner informed me a long time ago that he would not be available for a further contractual period,” said Erwin Hameseder, chairman of Raiffeisen-Holding NÖ-Wien and chairman of the supervisory board of Raiffeisenlandesbank NÖ-Wien. “But I am pleased that Klaus Buchleitner will remain with the Raiffeisen-NÖ-Wien family in key supervisory board mandates.”

Until his contract expires (May 31, 2022), Buchleitner will continue to lead the two companies as General Director. The successor will be decided “promptly”, according to today’s announcement.

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