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 per cent to EUR 1.5 billion
- Adjusted for one-off effects, profits rose by 37 per cent
- CEE business is driving BA-CA's growth
Bank Austria Creditanstalt (BA-CA) 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 per cent to EUR 1.5 billion (first nine months of 2005: EUR 824 million); contributions to the increase also came from one-off effects such as the capital gain on the sale of Splitska banka. Adjusted for one-off effects, net income after taxes and minority interests rose by 37 per cent to EUR 912 million (adjusted figure 2005: EUR 665 million). The adjusted return on equity (ROE) after taxes improved to 17.5 per cent (2005: 13.2 per cent). The cost/income ratio declined to 57.5 per cent (2005: 61.1 per cent).
BA-CA's operating performance further improved significantly in 2006: gross operating profit achieved by the Central Eastern Europe (CEE) business segment increased by 27.9 per cent to EUR 679 million (2005: EUR 531 million). Gross operating profit from Austrian customer business rose by 17.3 per cent to EUR 652 million (2005: EUR 556 million).
Results for the third quarter of 2006 show the following picture: adjusted for one-off effects such as capital gains or a change in risk standards, BA-CA's net income after taxes and minority interests for the third quarter of 2006 amounted to EUR 281 million. The adjusted figure for the third quarter of 2005 was EUR 212 million.
IR Release download (212 KB)
Interim Report at 30 September 2006 (511 KB)