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 |
|
|
643 |
596 |
7.9% |
|
|
-110 |
-110 |
0.1% |
| Net interest income after losses on loans and advances |
533 |
486 |
9.7% |
|
|
416 |
330 |
26.1% |
|
Net trading result |
152 |
79 |
92.8% |
| General administrative expenses |
-693 |
-634 |
9.3% |
|
Balance of other operating |
-3 |
-15 |
|
|
Operating profit |
405 |
245 |
65.1% |
|
|
17 |
35 |
-52.5% |
|
Amortisation of goodwill |
0 |
0 |
|
| Allocation to provisions for restructuring costs |
0 |
0 |
|
|
Balance of other income |
-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 |
|
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 |
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