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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