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04.08.2006

Bank Austria Creditanstalt's first six months results 2006

Date of entry: 04/08/2006

Results for the first six months of 2006:
- Bank Austria Creditanstalt's operating profit up by 49%
- Operating profit of Bank Austria Creditanstalt rises to EUR 854 million
- BA-CA improves performance in all business segments
- Consolidated net income rises to EUR 1.3 billion, including the capital gain on the sale of HVB Splitska banka
- Board decisions have been taken on the transfer of units in Central and Eastern Europe between BA-CA and UniCredit: BA-CA also assumes responsibility for operations in Turkey

Bank Austria Creditanstalt (BA-CA) significantly improved its results in the first half of 2006. Operating profit rose by 49.1% to EUR 854m (H1 2005: EUR 573m). Net income after taxes and minority interests reached EUR 1,316m (2005: EUR 453m). This figure includes the capital gain of EUR 684m on the sale of HVB Splitska banka, the Croatian banking subsidiary. Adjusted for this one-off effect, the return on equity after taxes and minority interests was 18.3% (2005: 13.7 per cent). The cost/income ratio improved to 57.0% (2005: 61.9%).

All business segments of BA-CA contributed to the improvement in results: customer business in Austria – comprising the three business segments Private Customers, SMEs, and Large Corporates and Real Estate – generated an operating profit of EUR 356m, an increase of 43.7% (H1 2005: EUR 247m). Operating profit generated by the Central and Eastern Europe business segment improved by 49.1% to EUR 386m (H1 2005: EUR 259m). And operating profit in the International Markets business segment – comprising the bank's activities in money and capital markets – rose by 45.7% to EUR 112m (H1 2005: EUR 77m).

in EUR m

H1/06

H1/05

change

Q2/06

Net interest income

1,333

1,282

4.0%

690

Losses on loans and advances

-195

-208

-6.5%

-84

Net interest income after losses on loans and advances

1,139

1,074

6.1%

606

Net fee and commission income

871

666

30.7%

455

Net trading result

239

118

102.4%

87

General administrative expenses

-1,391

-1,271

9.5%

-699

Balance of other operating income and expenses

–3

-14

 

0

Operating profit

854

573

49.1%

449

Net income from investments

705

40

 

688

Amortisation of goodwill

-8

0

 

-8

Allocation to provisions for restructuring costs

0

0

 

0

Balance of other income and expenses

–2

-2

 

-1

Net income before taxes

1,549

611

153.6%

1,128

Consolidated net income

1,316

453

190.3%

1,008

 

  H1/06 H1/05
 ROE before taxes  40.0  17.3
 ROE after taxes (%) 37.1 13.7
 Cost/Income-Ratio (%) 57.0 61.9
 Risk/Earnings-Ratio (%) 14.6 16.2

 

 in EUR bn  30/06/06  31/12/05  Change
Total assets  160.6 158.9  1.1%
Shareholders' equity (incl. minorities)       8.2 7.5  9.0%
Tier 1 ratio (%)     7.9 8.3  


Enquiries:
Gerhard Smoley
Investor Relations Bank Austria Creditanstalt
phone: +43 (0) 50505 - 58853
e-mail: Gerhard.Smoley@ba-ca.com

Issuer:
Bank Austria Creditanstalt AG
Am Hof 2, 1010 Vienna, Austria
e-mail:   IR@ba-ca.com
Internet: http://ir.ba-ca.com/

Share:
ISIN: AT0000995006    

Listed:
Vienna, prime market
Warsaw, main market

Largest bonds by volume issued:
ISIN: XS0138439707, XS0124750471, DE0001954600, XS0191555365, XS0114443772, XS0206399627, XS0211008544

Stock exchanges where bonds are admitted to listing: 
Vienna, Frankfurt, Luxemburg, Paris, Amsterdam