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Ad-hoc / IR Releases

Ad-hoc Releases

Ad hoc announcement pursuant to Section 48d (1) of the Austrian Stock Exchange Act (§ 48d (1) BörseG)

11.03.2014

Bank Austria informs on the results for the financial year 2013

Operating profit from customer business rises strongly, by 7 per cent, to EUR 3.1 billion

The charge of EUR 2 billion for the reduction of total goodwill to nil leads to book loss of EUR 1.6 billion with no impact on capital ratios

• Profit after tax before goodwill impairment amounts to EUR 354 million
o Operating profit up by 7.2 per cent to EUR 3.1 billion due to significant growth of operating income while cost growth remains moderate despite fiscal and regulatory burdens
o Increase in net write-downs of loans translates into significant increase in the coverage ratio to 54.9 per cent (2012: 47.6 per cent), which thereby returns to a pre-crisis level
o Bank levies in Austria and CEE have a negative impact of EUR 209 million on results
o Classification of Ukrsotsbank, the Ukrainian banking subsidiary, as held for sale and operating loss of the banking subsidiary have a negative impact of EUR 256 million on the income statement
o Write-down on deferred tax assets in view of limited future usability burdens results with EUR 223 million
o The decision, based on the multi-year plan and the recent goodwill impairment tests, to reduce to nil all goodwill relating to equity interests, leads to a write-off of about EUR 2 billion and a book loss of EUR 1.6 billion with no negative impact on capital ratios
o Capital ratios further improved despite the above measures
o Total capital ratio rises to 13.5 per cent (2012: 12.5 per cent), Core Tier 1 capital ratio improves to 11.3 per cent (2012: 10.6 per cent)
o Excellent direct funding ratio underlines the bank’s strong liquidity position
o Customer loans are funded with customer deposits and debt securities in issue to the extent of 107 per cent (2012: 105 per cent)

 Ad-hoc-Release download (PDF; 140 KB)

Enquiries: Bank Austria Corporate Relations
Günther Stromenger
Tel. +43 (0)50505-57232
mailto:guenther.stromenger@unicreditgroup.at