Annual Report 2007

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We are committed to our customers Ludwig Scharinger, Chief Executive and Chairman of the Managing Board Annual Report 07 The success of Raiffeisenlandesbank Oberösterreich Aktiengesellschaft depends on the success of our customers. Together with our customers, we exploit oppor - tunities and provide innovative services in Austria, Southern Germany, the Czech Republic and in new markets. Funds placed exclusively in the hands of our customers Recognising chances with our customers and exploiting opportunities remained one of our important goals in 2007. The fact that the financing volume of Raiffeisen - landesbank Oberösterreich increased by 27.4 percent underscores the strength of this successful partnership with our customers: we have made all the funds available to us available to them. We are true to our customers The past year has shown clearly: the bank which remained true to its customers, which did not re-sell any loans or permit any unpredictable financing such as subprime mortgages, was successful. For Raiffeisenlandesbank Oberösterreich Aktiengesellschaft it is a fundamental banking principle to only make and permit trans - actions whose risks can be calculated and traced and those which can be recorded clearly in the bank books and tracked through bookkeeping. Orientation towards new markets is essential In a time when the paradigms are changing, when it's not just the USA supporting the world’s economy but especially Russia, China and India, orientation towards new markets is of essential importance. In order to serve its customers and be able to assist them in new markets with innovative products and services, a bank must especially have a high risk-bearing capacity. Raiff - eisenlandesbank Oberösterreich Aktiengesellschaft distinguishes itself through its high risk-bearing capacity and confidently controlled venture and cost management across the entire bank group. It was possible to reduce the cost/income ratio in 2007; by the end of the year, it was 46.5 percent in the group. The use of special financing models is becoming more and more important We are thus in a position to support customers aggressively with new financing instruments. For it is becoming more and more important to take advantage of modern financing instruments via special financing models such as corporate bonds, hybrid loans, mezzanine capital, direct shareholdings, silent shareholdings and the use of profit-sharing rights. Thus we contribute to the balance sheet optimisation of the companies we serve and we support their ability to compete. 2
Contents General Information Foreword by Ludwig Scharinger, Chief Executive and Chairman of the Managing Board 2 The Managing Board of Raiffeisenlandesbank Oberösterreich Aktiengesellschaft 4 Foreword by Jakob Auer, Chairman of the Supervisory Board 6 The Supervisory Board of Raiffeisenlandesbank Oberösterreich Aktiengesellschaft 7 The Highlights of 2007 8 Raiffeisen Economic Forum and Economic Advisory Boards 10 Customer Social Responsibility 14 Overall Economic Environment 2007 16 The Core Competencies of Raiffeisenlandesbank Oberösterreich Aktiengesellschaft 17 Segment Reporting Corporates & Retail – Customer Services 19 Corporates & Retail – International Market 25 Financial Markets 31 Invest Banking 35 Corporate Center 43
Page 1: Annual Report
Page 6 and 7: Financial Statements 2007 Raiffeise
Page 8 and 9: The Managing Board of Raiffeisenlan
Page 10 and 11: Designing the Future Instead of Awa
Page 12 and 13: The Highlights of 2007 Cooperation
Page 14 and 15: Raiffeisen Economic Forum Upper Aus
Page 16 and 17: Raiffeisenlandesbank Oberösterreic
Page 18 and 19: “It‘s not systems or administra
Page 20 and 21: The international financial crisis
Page 22 and 23: Lentos Museum of Modern Art with P
Page 24 and 25: Erfolg ist Beratung plus Kompetenz
Page 26 and 27: 20 branches in the greater Linz are
Page 28 and 29: Matrimandir (“Mother Earth”) in
Page 30 and 31: India? Your bank is already there.
Page 32 and 33: International Submarkets/Business A
Page 34 and 35: Skyline of Shanghai with characteri
Page 36 and 37: Erfolg braucht Menschen, die Chance
Page 38 and 39: View of the Mühlviertel region, Up
Page 40 and 41: lhr Wegbegleiter zum Erfolg Assisti
Page 42 and 43: Despite the difficult environment,
Page 44 and 45: Raiffeisen-IMPULS- Leasing Group ac
Page 46 and 47: Olympia Centre in Munich, Germany
Page 48 and 49: Zwei Partner für lhren Erfolg Two
Page 50 and 51: Tower 2000 and Bagration Bridge to
Page 52 and 53: Raiffeisenlandesbank Oberösterreic
Page 54 and 55:
APPLICATION OF FUNDS/ASSETS STRUCTU
Page 56 and 57:
the very latest banking operation k
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Both hard and soft facts are employ
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56 FINANCIAL STATEMENTS 2007 RAIFFE
Page 62 and 63:
Balance Sheet as at 31 December 200
Page 64 and 65:
Income Statement 2007 60 2007 2006
Page 66 and 67:
Notes to the Financial Statements 2
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2. NOTES TO THE BALANCE SHEET 2.1 P
Page 70 and 71:
2.3 Fixed assets Raiffeisenlandesba
Page 72 and 73:
The following derivative financial
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3. NOTES TO THE INCOME STATEMENT 3.
Page 76 and 77:
Unqualified Audit Certificate We ex
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Group Management Report 2007 Raiffe
Page 80 and 81:
Corporate customer business grew, t
Page 82 and 83:
The increase on the liabilities sid
Page 84 and 85:
80 IFRS CONSOLIDATED FINANCIAL STAT
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Balance Sheet 82 ASSETS Note No. 31
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Cash Flow Statement 84 2007 2006 in
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First-time adoption of IFRS Raiffei
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The following financial liabilities
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90 Name Share in % Balace sheet dat
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ACCOUNTING POLICIES FINANCIAL INSTR
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In a reverse repo transaction asset
Page 100 and 101:
Net fee and commission income Net f
Page 102 and 103:
Segment reporting 2007 98 Corporate
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2. Risk provisions 3. Net fee and c
Page 106 and 107:
7. Administrative Expenses Personne
Page 108 and 109:
Tax assets 104 2007 2006 in EUR ‘
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NOTES TO THE BALANCE SHEET 10. Fina
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Categories of financial assets and
Page 114 and 115:
The following derivative financial
Page 116 and 117:
11. Cash and cash equivalents 12. L
Page 118 and 119:
15. Trading assets Debt securities
Page 120 and 121:
17. Companies accounted for at equi
Page 122 and 123:
21. Schedule of fixed asset transac
Page 124 and 125:
22. Liabilities to banks 120 31 Dec
Page 126 and 127:
Development of pension obligation p
Page 128 and 129:
29. Equity 124 31 Dec 2007 31 Dec 2
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All trading positions are valued ev
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128 Text 10 point scale Subclasses
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Rating structure for credit risk ex
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Risk provisions for impaired credit
Page 138 and 139:
Payable on de- Up to 3 months 1 yea
Page 140 and 141:
OTHER NOTES Breakdown of remaining
Page 142 and 143:
Remuneration of the Managing Board
Page 144 and 145:
Finance lease (Lessor) Claims from
Page 146 and 147:
INFORMATION BASED ON AUSTRIAN ACCOU
Page 148 and 149:
Average number of employees pursuan
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Unqualified Audit Certificate REPOR
Page 152 and 153:
Unqualified Audit Certificate REPOR
Page 154 and 155:
Statement of the Managing Board The
Page 156 and 157:
152 SUMMARISED REPORT OF THE IFRS C
Page 158 and 159:
Balance Sheet 154 ASSETS 31 Dec 200
Page 160:
Imprint: Owner, editor and publishe
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