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14.11.2006

Bank Austria Creditanstalt's first nine months results 2006

Date of entry: 14 November 2006

Results for the first nine months of 2006: Bank Austria Creditanstalt on track to achieve record results in 2006

- Net income after taxes and minority interests up by 86% to EUR 1,533 m
- Adjusted for one-off effects, profits rose by 37%
- one-off adjustment of EUR 79 m in provisioning charge for loans to private customers

Bank Austria Creditanstalt significantly improved its results in the first nine months of 2006 compared with the same period of the previous year. Net income after taxes and minority interests rose by 86% to EUR 1,533 m (first nine months of 2005: EUR 824 m). Contributions to the increase also came from one-off effects such as the capital gain on the sale of HVB Splitska banka and the one-off adjustment in provisioning charge for loans to private customers. Adjusted for one-off effects, net income after taxes and minority interests rose by 37% to EUR 912 m (adjusted figure for the first nine months of 2005: EUR 665 m). The adjusted return on equity (ROE) after taxes improved to 17.5% (2005: 13.2%). The cost/income ratio declined to 57.5% (2005: 61.1%).

in EUR m

1-9/06

1-9/05

change

Q3/06

Net interest income    

2,052

1,925

6.6%

719

Losses on loans and advances

-392

-316

24.2%

-198

Net interest income after losses on loans and advances

1,660

1,609

3.1%

522

Net fee and commission income 

1,283

1,047

22.5%

412

Net trading result 

282

186

51.3%

43

General administrative expenses

-2,083

-1,917

8.7%

-692

Balance of other operating income and expenses

5

-22

 

8

Operating profit

1,147

905

26.8%

293

Net income from investments

719

269

>100%

14

Amortisation of goodwill  

-8

0

 

0

Extraordinary restructuring expenses

0

-60

 

0

Balance of other income and expenses

- 4

-3

 

-2

Net income before taxes 

1,854

1,111

66.9%

305

Consolidated net income  

1,533

824

86.0%

217

 

 

1-9/06

1-9/05

 Q3/06
 ROE before taxes  31.1%  20.6%  14.6%
 ROE after taxes 28.0% 16.4%  11.2%
 ROE after taxes adjusted  17.5%  13.2%  15.9%
 Cost/income ratio  57.5% 61.1%  58.5%
 Risk/earnings ratio  19.1% 16.4%  27.5%
 Risk/earnings ratio adjusted    15.3%    16.5%

 

 in EUR bn  30/09/06  31/12/05 change
 Total assets       156.5  158.9 -1.5%

 Shareholders‘ equity 

8.6 7.5  14.6%
 Tier 1 ratio (%)  7.7 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