Bank Austria Creditanstalt seeks listing on the Warsaw Stock

  • Greenshoe is not exercised
  • Gross proceeds from the IPO total about EUR 960 million

The over-allotment option (greenshoe) over 4,954,760 additional shares which was granted to the consortium of banks in connection with the initial public offering of shares of Bank Austria Creditanstalt AG (BA-CA) has not been exercised in view of the current market situation. This means that new shareholders hold 33,031,740 shares or 22.5 per cent of the share capital of BA-CA. The gross proceeds from BA-CA's IPO amount to about EUR 960 million. With a Tier 1 capital ratio of well above 7 per cent, Bank Austria Creditanstalt has a strong capital base which will be used for further expansion in Central and Eastern Europe (CEE).

To underline this CEE strategy, Bank Austria Creditanstalt is planning to list its shares on the Warsaw Stock Exchange. Poland is the most important market in BA-CA's CEE network. Subject to legal approvals, the secondary listing in Poland is to take place at the earliest possible time.

Enquiries: Bank Austria Creditanstalt Investor Relations
tel. +43 (0)5 05 05 - 588 53
e-mail: IR@ba-ca.com