24You

The new online banking of Bank Austria.

BusinessNet

The online banking for companies.

olbImgAlt To the MegaCard GoGreen-youth account
MegaCard GoGreen-youth account. The free MegaCard GoGreen-youth account for everyone from 10 to 20 years, and receive a welcome gift. To the MegaCard GoGreen-youth account
11.05.2006

Bank Austria Creditanstalt's first quarter results 2006

Results for the first three months of 2006:
- Bank Austria Creditanstalt gets off to an excellent start in 2006 
- Operating profit up by 65% to EUR 405m
- Net income after taxes and minority interests up by 49% to EUR 308m
- Significant improvement across all business segments


Bank Austria Creditanstalt has entered the first quarter of 2006 with a strong momentum carried over from the record year 2005 and improved its results significantly. Operating profit rose by 65% to EUR 405m (first quarter of 2005: EUR 245m). Net income after taxes and minority interests increased by 49% to EUR 308m (Q1 2005: EUR 207m). The return on equity after taxes rose to 17.9% (Q1 2005: 12.7%). The cost/income ratio improved to 57.3%  (Q1 2005: 64.1%).

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 153m, an increase of 28.2% (Q1 2005: EUR 119m). Operating profit generated by the Central and Eastern Europe business segment improved by 58.9% to EUR 181m (Q1 2005: EUR 114m). And operating profit in the International Markets business segment – comprising the bank's activities in money and capital markets – rose by 84.2% to EUR 68m (Q1 2005: EUR 37m).

 

in EUR m

Q1/06

Q1/05

change

Net interest income

643

596

7.9%

Losses on loans and advances

-110

-110

0.1%

Net interest income after
losses on loans and advances

533

486

9.7%

Net fee and commission income

416

330

26.1%

Net trading result

152

79

92.8%

General administrative
expenses 

-693

-634

9.3%

Balance of other operating
income and expenses

-3

-15

Operating profit

405

245

65.1%

Net income from investments

17

35

-52.5%

Amortisation of goodwill

0

0

Allocation to provisions for
restructuring costs 

0

0

Balance of other income
and expenses

-1

0

 

Net income before taxes

421

280

50.3%

Consolidated net income

308

207

48.6%

 

ROE before taxes

22.3%

16.1%

 

 

ROE after taxes

17.9%

12.7%

 

 

Cost/income ratio

57.3%

64.1%

 

 

Risk/earnings ratio

17.1%

18.5%

 

 

 

 in EUR bn

31/03/06

31/12/05

 

 

Total assets

163.8

158.9

 3.1%

 

Shareholders‘ equity

7.8

7.5

 3.7%

 

 

 

 

Tier 1 ratio (%)

8.2

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:    Listed:
AT0000995006      

 Vienna, prime market
 Warsaw, main market

      
Largest bonds by volume issued:
ISIN:                        Stock exchanges:
AT0000248737           Vienna
XS0138439707           Luxembourg


Further stock exchanges where bonds are admitted to listing: 
Vienna, Frankfurt, Paris, Amsterdam