September 1, 2015 / 8:08 AM / 2 years ago

RLB Upper Austria bank more than doubles H1 profit

VIENNA, Sept 1 (Reuters) - Raiffeisenlandesbank Oberoesterreich’s first-half net profit rose 123 percent to 169.3 million euros ($191.17 million) as its investment financing business grew and it booked lower risk provisions.

Its core equity tier (CET) 1 ratio stood at 12 percent at the end of June, up from 11.2 percent at year-end, it said on Tuesday.

$1 = 0.8856 euros Reporting By Shadia Nasralla; Editing by Maria Sheahan

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