BA-CA Investor Relations Release:
Bank Austria Creditanstalt's results significantly exceed the previous year's level
- Net income after taxes up by 47 per cent to EUR 202 million
- Operating profit up by 64 per cent to EUR 315 million
- CEE business segment accounts for 30 per cent of Bank Austria Creditanstalt's net income before taxes. The return on equity exceeds 20 per cent.
In the first half of 2003, Bank Austria Creditanstalt (BA-CA) significantly improved its results compared with the previous year, despite a persistently difficult environment. Net income after taxes and minority interests rose by 47 per cent to EUR 202 million (first half of 2002: EUR 137 million). Operating profit increased by 64 per cent to EUR 315 million (2002: EUR 192 million). Business in Central and Eastern Europe (CEE) developed very favourably. Net income before taxes generated by this business segment was EUR 90.7 million, the return on equity exceeded 20 per cent.
Bank Austria Creditanstalt's CEO Karl Samstag: "The results show that our strategic orientation is right. We are now benefiting from the fact that, over the past few years, we have taken the necessary measures and steadily invested in CEE business. We focus on the large growth potential in this region and our IPO gives us a very strong capital base for further expansion."
IR-Release download (114 KB)