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36
Management report
Review of operations in 2015
Raiffeisen-Landesbank Tirol AG’s balance sheet total as at 31 De-
cember 2015 amounted to 7,423 million euros. In comparison with
the end of 2014, this represented an increase of 344 million euros
or 4.9 per cent. This upward trend resulted on the liabilities side
from an increase in liabilities to banks. These totalled 3,681 million
euros as at 31 December 2015, an increase of 46 million euros, or
4.1 per cent, compared to the previous year. Raiffeisen-Landes-
bank Tirol AG’s liabilities to banks were as follows: 1,855 million
euros to the Tyrolean Raiffeisen banks, 124 million euros to Raif-
feisen Zentralbank Österreich AG and 1,702 million euros to oth-
er banks. In addition, current account deposits increased by 11.5
per cent, or 138 million euros, to 1,337 million euros, while liabili-
ties evidenced by paper were up by 4.2 per cent or 55 million eu-
ros to 1,368 million euros. Of this, 165 million euros was in secu-
rities portfolios held by customers of Raiffeisen-Landesbank Tirol
AG, 312 million euros in securities portfolios held by customers of
the Tyrolean Raiffeisen banks and 410 million euros in the Tyrolean
Raiffeisen banks’ nostro accounts. On the liabilities side, savings
account deposits were down by 3.6 per cent. This represents a de-
crease of 18 million euros to 481 million euros. Equity increased by
2.6 per cent in the financial year 2015, advancing from 385 million
euros to 395 million euros. Other liabilities increased by 13 million
euros and totalled 161 million euros. This corresponds to an in-
crease of 8.8 per cent.
Balance sheet total in millions of euros
31.12.2009
31.12.2010
31.12.2011
31.12.2012
31.12.2013
31.12.2014
31.12.2015
7,296
7,182
7,356
7,070
7,299
7,079
7,423
Origin of funds and capital structure
31.12.2015
31.12.2014
Change
Millions of
euros
Per cent
Millions of
euros
Per cent
Millions of
euros
Per cent
Liabilities to banks
3,681
49.6%
3,535
49.9%
146
4.1%
Current account deposits
1,337
18.0%
1,199
16.9%
138
11.5%
Savings account deposits
481
6.5%
499
7.1%
–18
–3.6%
Liabilities evidenced by
paper
1,368
18.4%
1,313
18.6%
55
4.2%
Equity
395
5.3%
385
5.4%
10
2.6%
Other liabilities
161
2.2%
148
2.1%
13
8.8%
Equity and liabilities
7,423
100.0%
7,079
100.0%
344
4.9%
Raiffeisen-Landesbank Tirol AG can look back on 2015 with satis-
faction: even though it was a challenging year because of the over-
all economic trend and the difficult general conditions – such as
the lack of a dividend from Raiffeisen Zentralbank Österreich AG –
we closed the financial year 2015 positively thanks to impressive
sales successes and lower risk expenses.
Appropriation of funds and asset structure
31.12.2015
31.12.2014
Change
Millions of
euros
Per cent
Millions of
euros
Per cent
Millions of
euros
Per cent
Receivables
from banks
2,786
37.5%
2,595
36.7%
191
7.4%
Receivables from customers
2,413
32.5%
2,353
33.2%
60
2.5%
Securities
1,914
25.8%
1,783
25.2%
131
7.3%
Participating interests,
including shares in affiliated
companies
207
2.8%
230
3.2%
–23
–10.0%
Other assets
103
1.4%
118
1.7%
–15
–12.7%
Assets
7,423
100.0%
7,079
100.0%
344
4.9%