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26.02.2004

Bank Austria Creditanstalt's preliminary results for 2003

Strong profit growth at Bank Austria Creditanstalt
- BA-CA's net income after taxes up by 43% to EUR 442 million
- Shareholders' equity rises to record level of EUR 5.8 bn – up by EUR 1.2 bn
- Strong capital base for further expansion in Central and Eastern Europe

 in EUR m  2003  2002   Q4/03
 Net interest income            2,176 2,307 -5,7% 566
 Losses on loans and advances    -467  -537 -13.0%  -111
 Net interest income after losses on loans and advances   1,709  1,770 -3.4%  455
 Net fee and commission income  1,134 1,076 +5.4%  296
 Net trading result               220  231 -4.7%  3
 General administrative expenses                      -2,479  -2,503 -1.0%  -641
 Balance of other operating income and expenses               18  -1    8
 Operating profit                 602 572 +5.3%  121
 Net income from investments      120 28 >100% 95
 Amortisation of goodwill         -67  -88 -24.1% -19
 Balance of other income and expenses                      -8  -8 -6.8%  -6
 Net income before taxes  648 504 +28.5%  191
 Net income after taxes and minority interests           442  309 +43.0%  130

  2003 2002
 ROE before taxes    12.8%     10.6% 
 ROE after taxes 8.7%  6.5% 
 Cost/income ratio  69.9%  69.3% 
 Risk/earnings ratio  21.5%  23.3% 

 

 Assets in EUR m 31/12/03  31/12/02  
 Cash and balances with central banks  2,286  1,824  25.3%
 Trading assets          16,140  18,954  -14.8%
 Loans and advances to banks   25,130  29,558  -15.0%
 Loans and advances to customers   75,997  76,354  -0.5%
 - Loan loss provisions    -3,490  -3,622  -3.6%
 Investments   15,910  17,976  -11.5%
 Property and equipment   1,120  1,177  -4.9%
 Intangible assets    1,288  1,162  10.8%
 Other assets   2,674  4,586  -41.7%
 TOTAL ASSETS                             137,053  147,968  -7.4%

 

Liabilities in EUR m  31/12/03  31/12/02  
 Amounts owed to banks                     39,133  41,033  -4.6%
 Amounts owed to customers                 53,824  56,562  -4.8%
 Liabilities evidenced by certificates     17,399  19,992  -13.0%
 Trading liabilities                        8,560  10,504  -18.5%
 Provisions  3,422  3,490  -1.9%
 Other liabilities                          3,118  4,673  -33.3%
 Subordinated capital                       5,419  6,455  -16.1%
 Minority interests                           362  650  -44.3%
Shareholders´ equity                       5,815  4,610  26.2%
 TOTAL LIABILITIES                        137,053  147,968  -7.4%


Enquiries: Investor Relations +43 (0) 50505 58853
IR@ba-ca.com