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14.10.2003

BA-CA starts trading on the Warsaw Stock Exchange

Today, Bank Austria Creditanstalt (BA-CA) starts trading on the Warsaw Stock Exchange (WSE). As of now, the shares of BA-CA are listed in Vienna and Warsaw. The traded shares amount to 33,031,740. The trading and settlement currency for transactions involving BA-CA shares on the WSE takes place in Polish złoty. The trading starts with a stock price of 144 złoty.

For the first time, shares of an issuer are traded simultaneously both on the WSE and another regulated foreign market. Willi Hemetsberger, Member of the Managing Board of
BA-CA: “In 1991, we were pioneers: BA-CA was the first foreign bank in Poland. Today, in continuation of this tradition, we are pioneers again: the first foreign company to be listed on the WSE. I hope that  BA-CA’s debut in Warsaw will be encouraging for other foreign companies to follow our example.”
 
BA-CA chose Poland for its secondary listing deliberately. Beside Austria, Poland is a key market for BA-CA. The bank has here its largest subsidiary in CEE, BPH PBK, which is the third largest Polish bank. Additionally, it is the largest market in CEE, with almost 40 million inhabitants. With this step to the WSE, BA-CA underlines its commitment to the CEE region.

BA-CA started its CEE operations in 1990 and built up its network step by step. Today, the bank operates the most extensive network in the region, with over 900 outlets in 11 countries and 18,000 employees serving more than 3.5 million customers. In Poland, BA-CA is present since 1991. The Polish subsidiary of BA-CA, BPH PBK, is the third largest Polish bank with total assets of 10.2 billion Euro. The bank offers its services to 2.8 million Polish customers.


Requests:
Bank Austria Creditanstalt
Group Public Relations
Ildiko Füredi, tel.  +43 (0) 5 05 05-56102,
e-mail: ildiko.fueredi@ba-ca.com