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22.03.2007

BA-CA: Results for the 2006 financial year

Date of entry: 22 March 2007
Results for the 2006 financial year:
BA-CA increases operating performance significantly
- Profit before tax increased by 151% to EUR 3.3 bn; adjusted for one-off effects increased by 21% to EUR 1.5 bn
- One-off effects totalled EUR 1.8 bn
- Realignment of UniCredit Group completed: banks in 10 CEE countries transferred to BA-CA
- CEE business segment again made the largest contribution to overall results
- Proposed dividend to rise from EUR 2.50 to EUR 4 per share
Bank Austria Creditanstalt (BA-CA), a member of UniCredit Group, increased its adjusted profit before tax by 21% to EUR 1.5 bn, with BPH taken into account for 10 months, and Splitska banka for 6 months only.
In total the profit before tax increased to EUR 3.3 bn (2005: EUR 1.3 bn). The one-off effects included result in part from the sale of the Polish subsidiary Bank BPH and the Croatian subsidiary Splitska banka, and in part from integration costs for reorganisation and restructuring in customer business in Austria and in the Markets & Investment Banking Division, and from the improvements in risk standards.
At the Annual General Meeting the Managing Board of Bank Austria Creditanstalt will propose raising the dividend from EUR 2.50 to EUR 4 per share in line with the bank's excellent results.
 

in EUR m

2006

2005

+/-

2006*

Q4/06

Q4/06*

Net interest income

2,681

2,560

4.7%

2,681

675

675

Net fee and commission income

1,667

1,457

14.4%

1,667

381

381

Net trading income   

348

264

31.6%

348

34

34

Net other operating inc./exp.

66

-16

66

22

22

TOTAL REVENUES 

4,762

4,266

11.6%

4,762

1,111

1,111

OPERATING EXPENSES

-2,757

-2,656

3.8%

-2,757

-653

-653

OPERATING PROFIT

2,005

1,610

    24.6% 

2,005

458

458

Provisions for risks and
charges reserves 

-111

-11

 

-111

-105

-105

Goodwill impairment   

-8

-4

-8

0

0

Net writedowns of loans       

-679

-491

38.4%

-401

-287

-87

Net income from investments

2,313

305

46

1,600

17

Integration costs      

-248

-108

 

-17

-248

-17

Profit before tax   

3,272

1,301

151.4%

1,514

1,418

265

Consolidated profit

3,022

964

213.4%

1,119

1,489

208

 

ROE before taxes 

39.6%

17.9%

 

 

ROE before taxes adjusted*

19.7%

17.2%

 

 

ROE after taxes   

39.5%

14.3%

 

 

ROE after taxes adjusted*

15.8%

13.5%

Cost/Income Ratio

57.9%

62.3%

Risk/Earnings Ratio

25.3%

19.2%

Risk/Earnings-Ratio adjusted*

14.9%

16.4%

Earnings per share (EUR)

20.56

6.56

Earnings per share (EUR) adj.*

7.61

6.22

*adjusted for one-off-effects

in EUR bn

31/12/06

31/12/05

 

 

Total assets

154.3

158.9

-2.9%

 

 

Equity

10.1

7.5

34.8%

 

 

 

 

 

 

 

 

Tier1 capital ratio

11.6%

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
Vordere Zollamtsstraße 13, 1030 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:                  Stock exchanges:
xs 0211008544    Luxembourg
xs 0206399627    Luxembourg

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