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Bank branches report
As of 31 December 2012, Raiffeisen-Landesbank Tirol AG was operating 23 bank branches in its marketing territory, five of them as
self-service banking outlets. The personnel of RLB Tirol AG looked after the banking needs of around 72,700 customers.
Events after the balance sheet date
To date, no business occurrences or other events have occurred which would be of special public interest or which would have a signifi-
cant impact on the 2012 annual financial statements.
million euros. The income/expenses from financial transactions rose by four per cent, or 0.13 million euros, to 3.37 million euros. Other op-
erating income increased by 3.6 per cent, or 0.42 million euros, to 11.96 million euros.
In percentage terms, ‘other operating expenses’ was the operating expense item which fell most, decreasing by 62 per cent, or 1.11 mil-
lion euros, to 0.68 million euros. The impairment losses on assets also fell slightly, by 8.9 per cent, or 0.27 million euros, to 2.78 million eu-
ros. In contrast, personnel costs rose by 6.1 per cent, or 2.24 million euros, to 38.91 million euros. This increase in personnel costs was
primarily due to a reduction in the technical interest rate for the employee benefit provisions from four per cent to three per cent. Other ad-
ministration costs rose marginally by 0.5 per cent or 0.13 million euros to 24.79 million euros.
The net expense reported for accounts receivable and allocations to provisions for contingent liabilities as well as income from the rever-
sal of impairment losses on receivables and from provisions for contingent liabilities fell sharply by 39.3 per cent, or 8.26 million euros, to
12.76 million euros. Meanwhile, there is now a net loss from impairment losses on securities valued as financial assets and participating
interests plus income from write-ups of securities valued as financial assets. The balance in question is now –5.53 million euros.
Despite the difficult market conditions, we succeeded in increasing our profit from ordinary activities by 2.4 per cent, or 0.58 million euros,
to 24.79 million euros.
The tax expenses for rose by 7.15 million euros to 13.59 million euros.
The capital ratio stands at 11.80 per cent, well above the eight
per cent level stipulated in Section 22 paragraph 1 of the Austri-
an Banking Act (Bankwesengesetz – BWG). The net margin is 0.61
per cent, the cost–income ratio is 60.92 per cent, the return on eq-
uity is 6.86 per cent and overall profitability is 0.35 per cent.
In 2012, Raiffeisen-Landesbank Tirol AG employed an average of
452.55 people (436.57 salaried and 15.98 wage-earning person-
nel), which represented a slight fall of 0.4 per cent.
Capital ratio
31.12.2012
31.12.2011
31.12.2010
11.80%
11.12%
10.77%
Return on equity
31.12.2012
31.12.2011
31.12.2010
6.86%
6.81%
5.08%
Net margin*
31.12.2012
31.12.2011
31.12.2010
0.61%
0.60%
0.59%
Overall profitability
31.12.2012
31.12.2011
31.12.2010
0.35%
0.33%
0.25%
Cost–income ratio
31.12.2012
31.12.2011
31.12.2010
60.92%
59.84%
61.10%
Financial and non-financial performance indicators
* Imputable regulatory capital / tax base × 100
* Operating expenses/operating income
* profit from ordinary activities / equity
* Profit from ordinary activities / balance sheet total
* Operating profit IV / balance sheet total
Management report