Raiffeisen Zentralbank Österreich
Raiffeisen Zentralbank Österreich has showed an extraordinary profit growth that has more than doubled its results from the previous year. In the highly competitive Austrian market, RZB’s return on equity has also significantly improved, spiralling to an impressive 27.4%.
Among the group’s achievements is the successful placement of €1.1bn IPO in April by Raiffeisen International, the specialist central and eastern Europe subsidiary of RZB Group. This was the largest in Austria and the fourth largest worldwide in 2005 so far, and had an order book that was 22 times oversubscribed.
“RZB Group is standing on solid foundations and its strategic orientation is sound, which is also reflected by increasing market shares in Austria,” says CEO Walter Rothensteiner. “The key to success in general remains to act like service providers are expected to act. And we have to show the same level of high professionalism regardless of whether the customer is an Austrian key account, a bank in Portugal or a Romanian personal banking customer. Thus, the key to RZB’s success must be to run business processes efficiently, to keep relationships, to show empathy with different cultures and to merge these approaches to a new – our own – corporate culture.”
