Image: Rene Hauser
Wels Raiffeisen boss Günter Stadlberger presented encouraging figures at his last annual press conference on Wednesday. As reported, the 64-year-old CEO will hand over to his 49-year-old successor Roland Hechenberger at the end of this year.
The regional bank’s total assets with eleven bank branches climbed by 6.3 percent to 1.9 billion euros in the 2023 financial year, and the operating result rose from 23.6 to 41 million euros, an increase of 73.7 percent.
- Also read: New board of directors found for Welser Raiffeisenbank
“The savings account is not dead”
As interest rates rose, savings accounts became attractive again for many people. “The savings book is not dead, it has great value for people and also for the banks for their necessary liquidity,” emphasized Stadlberger. You should take advantage of the good interest rates at the moment before it’s over again.
Raiffeisenbank Wels was able to gain around 3,500 new customers in 2023. Initial deposits rose by ten percent to 1.5 billion euros.
Only in the lending business was there a decline of almost two percent to 1.505 billion euros in the previous year. In real estate financing, the decline was even 70 percent. Many young couples are waiting to build a house or buy a condominium because of high construction costs, increased interest rates and strict lending guidelines. “But no one should be deterred from striving for property; it is the best provision for the future that one can make. Property beats rent,” emphasized Stadlberger. He also points out that not only loan interest rates have increased, but also incomes.
Stadlberger would like the public sector to support renovations to the same extent as new construction. “This also has the advantage that no new areas need to be sealed and the infrastructure is already in place.”
Stadlberger does not want to respond to the development that the majority of customers now do their banking transactions online by closing bank branches. The “Frida” advice box has been standing in the small bank branch in Schleissheim, where there is only one consultation day, for a year. At the push of a button, customers are connected via video telephony to an employee at the headquarters on Kaiser-Josef-Platz in Wels. This supports various banking transactions, for example when it comes to making a standing order or opening a digital savings account.
numbers, data, facts
- Employees: 117
- Bank branches: A total of eleven, in Wels four (Kaiser-Josef-Platz, Wels-Gartenstadt, Wels-Neustadt and Wels-Pernau), Aichkirchen, Buchkirchen, Holzhausen, Krenglbach, Marchtrenk, Sattledt and Schleißheim
- Total assets: 1.9 billion euros, making the regional bank the largest Raiffeisen bank in Upper Austria
- Operating result: 41 million euros
- Total funding: 2.01 billion euros
- Financing services: 1.505 billion euros
- Customers: around 39,000
- Cooperative members: 7478
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Source: Nachrichten
