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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
regional banks, Raiffeisen Zentralbank Österreich AG and Raif-
feisen Bank International AG, provides a mutual guarantee on
all customer deposits and the banks' own securities issues,
irrespective of the amount. The customer guarantee 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 customers, 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 purpose 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 of all member institutions.
Deposit security
Outlook for 2011
The global economy and particularly the economy in Tyrol
performed positively in 2010. We expect this trend to continue in
2011. This forecast is backed up by a number of early indicators
pointing to strong economic performance on the part of national
economies. A factor creating uncertainty is the debt crisis in sev-
eral countries. Nevertheless, stable corporate performance and
the solid economic trend should ensure that the general upward
trend is maintained.
In 2011, Raiffeisen-Landesbank Tirol AG will continue along the
path of risk-aware and earnings-oriented growth, with a consist-
ent focus on the customer business. Our customer orientation,
from strategy to daily operations, is also our opportunity for suc-
cess in the future. An additional focus in private customer busi-
ness is on improving profitability, and on boosting sales efficiency
in private banking and corporate customer business.
Tyrol Raiffeisen banks are our owners and our most important
customers. In 2011 it remains our declared objective to sustain
an increase in their satisfaction with the services provided by
Raiffeisen-Landesbank Tirol AG. In order to do so, we will imple-
ment the agreed measures to deliver improvement and focus
further on consulting services. The aim is to use synergies even
better and to consolidate our market position as the leading bank-
ing group in Tyrol.
The commitment of our employees is crucial to the success of
Raiffeisen-Landesbank Tirol AG and they ensure that we maintain
our lead. As a result, specific advancement of our staff is particu-
larly important to us.
In the past few years the company increased its productivity
gradually, while bearing in mind our customer orientation. It
remains important to pursue this path consistently in the year
ahead. In this respect we pay special attention to developing
management staff.
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 2010 financial year.
Raiffeisen-Landesbank Tirol AG, the top-level institution of the
Raiffeisen Banking Group Tyrol, will continue to pursue the highly
successful strategy of recent years consistently in 2011.
The Board of Managing Directors of Raiffeisen-Landesbank Tirol AG
Dr Hannes Schmid
Chairman of the Board
of Managing Directors
Reinhard Mayr
Director
Gobert Sternbach
Director
Dr Hans Unterdorfer
Director
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