BA-CA results for the 2005 financial year:
Best results in the history of Bank Austria Creditanstalt
- Net income before taxes reached EUR 1.3 billion
- Profit after taxes rose by 58 per cent to EUR 964 million
- Profit after taxes in CEE business segment up from EUR 282 million to EUR 588 million
In 2005 the Bank Austria Creditanstalt Group (BA-CA) achieved record results. Net income before taxes and minority interests rose by 51.5 per cent to EUR 1.3 billion (2004: EUR 859 million). BA-CA thus achieved the target which it had revised upward during the year from EUR 1.1 billion to EUR 1.3 billion. Net income after taxes and minority interests increased by 58.3 per cent to EUR 964 million (2004: EUR 609 million).
BA-CA’s CEO Erich Hampel: "2005 was the most successful year in the history of Bank Austria Creditanstalt – and this history goes back to 1855. Net income before taxes exceeded the EUR 1 billion mark for the first time. This is the largest profit ever achieved by a bank in Austria. It is the result of three factors: an ideal strategy, above-average commitment of our staff, and the confidence placed in us by our customers and shareholders.“
The high quality of the results achieved can be seen in the significant increase in operating profit, which rose by 20.9 per cent to EUR 1,142 million (2004: EUR 944 million). Business in Central and Eastern Europe (CEE) made a significant contribution to this strong increase: the CEE business segment generated 54 per cent of the BA-CA Group’s net income and is the business segment with the largest contribution to profits and the highest creation of value.
BA-CA Annual Report 2005 (interactive version)
BA-CA Annual Report 2005 (2.90MB)