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03.12.2003

Bank Austria Creditanstalt acquires remaining shares in BPH PBK

Bank Austria Creditanstalt (BA-CA) has acquired the remaining shares, representing a 9.5 per cent interest, held by HypoVereinsbank in BPH PBK, BA-CA's Polish banking subsidiary. The acquisition of these shares was announced in connection with BA-CA's IPO. Bank Austria Creditanstalt now holds a 71.03 per cent interest in BPH PBK. This transaction completes the transfer to BA-CA of BPH PBK shares held by HypoVereinsbank. The acquisition of the shares by way of an off-session transaction on the Warsaw Stock Exchange was handled by the equity interests management units of BA-CA and HypoVereinsbank as well as by CA IB Securities Warsaw.

BPH PBK is the third-largest Polish bank with total assets of EUR 10.2 billion. The bank serves 2.8 million Polish customers through its country-wide network of 534 branches. Bank Austria Creditanstalt is the bank's principal shareholder. Other BPH PBK shareholders are the Polish State Treasury, which holds a 3.68 per cent interest, and The Bank of New York with a 4.04 per cent interest. The remaining 21.09 per cent of the shares in BPH PBK is free float.

Bank Austria Creditanstalt operates the largest financial services network in the region of Central and Eastern Europe, with some 900 offices in 11 countries and 18,000 employees serving 3.8 million customers. In Poland, Bank Austria Creditanstalt has been present since 1991.


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