Basic HTML-Version
Management Report |
27
|
|
26
| Management Report
As well as market-related risks, operational risks are recorded and
calculated within the scope of overall bank management. On the
one hand the purpose is to describe all the risks, and to accom-
modate the developments relating to Basel II on the other.
This analysis of risk-bearing capacity is therefore the starting
point for limiting risk activities to a level acceptable to the bank,
with the aim of securing its continued viability as a problem-free
entity and appropriately utilising its income potential.
Solidarity Association of the Tyrol
Raiffeisen financial organisation
Together with Raiffeisen-Landesbank Tirol AG, the Raiffeisen
banks of the Raiffeisen Banking Group Tyrol have set up a Soli-
darity Association which ensures, through appropriate measures,
that association members who have run into financial difficulties
receive help.
Raiffeisen Customer Guarantee
Collective Austria
This association, consisting of Raiffeisen banks, Raiffeisen re-
gional banks and Raiffeisen Zentralbank Österreich AG, provides
a mutual guarantee on all customer deposits and the banks' own
securities issues, irrespective of the amount. The customer gua-
rantee collective is organised on two levels: at regional level on
the one hand, and the Federal Guarantee Collective on the other.
The Customer Guarantee Collective thus ensures security for cus-
tomers, over and above the statutory deposit guarantee.
Deposit security institutions of the
Raiffeisen Banking Group Austria
The member institutions of the Raiffeisen Banking Group Tyrol are
jointly members of the Austrian Raiffeisen deposit security organi-
sation eGen through the Raiffeisen deposit security agency Tirol
eGen. This deposit security cooperative is the liable institution for
the entire Raiffeisen Banking Group in accordance with Sections
93, 93a and 93b BWG (Austrian Banking Act).
For the purposes of deposit security, an appropriate early-
warning system has been implemented in the Raiffeisen Banking
Group Austria. Based on a comprehensive reporting system, it
carries out continuous analyses and observations of income and
risk development on the part of all member institutions.
Deposit security
Outlook for 2010
The general economic situation has stabilised to some extent in
the second half of 2009 and this trend should continue in 2010.
This positive picture is nevertheless largely due to government
stimulus and rescue packages. As a result we do not expect
any rapid and sustained economic recovery for Tyrol. Instead,
economic conditions will remain tough, with rising numbers of
insolvencies and higher unemployment.
In 2010, Raiffeisen-Landesbank Tirol AG will continue along the
path of risk-aware and earnings-oriented growth, with a con-
sistent focus on the customer business. We intend to tap syste-
matically into our potential in terms of our existing customers and
to acquire new customers through a market campaign. We will
set new benchmarks in the quality of the overall advice offered,
based on defined standards for customer care and advisory
services.
We will focus on optimising, standardising and centralising our
settlement and support processes. For this reason, on 1 April
2010 we will outsource payments, back office, balance sheet
analysis and property valuation to our newly established subsidi-
ary for settlement and services, Raiffeisen Abwicklungs- und
Dienstleistungsgesellschaft. We will also reinforce our customer
business in the market campaign by engaging professional sales
support.
In order to counteract the challenging economic conditions, we
will continue to place emphasis on identifying and utilising pro-
ductivity potential in 2010.
We are well aware that our committed employees are crucial to
the success of Raiffeisen-Landesbank Tirol AG. For that reason
we develop our staff towards specific objectives, with particular
emphasis on customer orientation at every stage.
We are extending our partnership and cooperation with the Tyrol
Raiffeisenbanks on the basis of our shared strategic direction. We
are making consistent use of existing synergies to consolidate
our market position as the leading banking group.
We continue to view the economic crisis as a challenge, but also
as an opportunity for Raiffeisen-Landesbank Tirol AG, the top-
level institution of the Raiffeisen Banking Group Tyrol.
There are no comments on research and development due to
industry considerations.
We have not become aware of any events of special significance
that occurred after the close of the 2009 financial year.
The Board of Managing Directors of Raiffeisen-Landesbank Tirol AG
Dr Hannes Schmid
Chairman of the Board
Reinhard Mayr
Member of the Board
Gobert Sternbach
Member of the Board
Dr Hans Unterdorfer
Member of the Board