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03.08.2007

Bank Austria Creditanstalt's first six months results 2007

Date of entry: 03 August 2007

Results for the first six months of 2007:

Bank Austria Creditanstalt as part of UniCredit Group on growth path
- Consolidated profit up by 76% to EUR 1.2 billion
- Business with Austrian retail customers confirms turnaround
- CEE Division substantially strengthened and growing strongly

Bank Austria Creditanstalt continued to increase its earnings power substantially in the first six months of 2007. Contributions to this strong performance came from all of the bank's Divisions. Austrian customer business improved significantly and the CEE Division, comprising the banks in Central and Eastern Europe, grew very strongly. The group of consolidated companies of BA-CA has significantly widened as a result of the bundling of all CEE banks (except Poland's Markets) in UniCredit Group's CEE Division, which is managed out of Vienna. To make the BA-CA results for the first half of 2007 comparable with the same period of the previous year, the figures for the first half of 2006 are recalculated on a pro-forma basis reflecting the new structure of BA-CA.

in Euro m   1-6/07  1-6/06 change
in %
Pro forma*
1-6/06
change 
in %
 Q2/07
Net interest              1,735  1,202

 44.4

 1,485

 16.8

 883

Dividend income              42  62  -31.3  58  -27.5  33
Income from investments
in companies valued 
at equity             
 61  36  69.4  38  59.4  32
Net interest income       1,838  1,299  41.5  1,582  16.2  948
Net fee and commission
income                  
 1,054  874  20.7  897  17.6  537
Net trading income          224  260  -13.8  314  -28.7  63
Net other operating
income/expenses            
 124  19  >100  58  >100  75
TOTAL REVENUES            3,241  2,452  32.2  2,850  13.7  1,624
Staff expenses             -852  -805  5.9  -908  -6.2  -350
Other administrative
expenses                 
 -589  -465  26.7  -559  5.3  -314
Expenses recovery             1  0    1  52.3  1
Writedowns of
tangible/intangible
assets                   
 -144  -135  6.2  -178  -19.4  -72
OPERATING EXPENSES       -1,584  -1,405  12.7  -1,645  -3.7  -735
OPERATING PROFIT          1,657  1,047  58.3  1,205  37.5  889
Provisions for risks
and charges               
 -47  -2    -21  >100  -29
Goodwill impairment           0  -8    -8    0
Net writedowns of loans    -208  -195  6.5  -205  1.2  -90
Net income
from investments          
 132  707**  -81.3  26  >100  74
Integration costs            -8  0    0  

 -5

PROFIT BEFORE TAX           1,528  1,549  -1.4  997  53.2  840
Income taxes               -259  -164  58.1  -236  9.8  -134
NET PROFIT                1,269  1,385  -8.4  761  66.7  705
Minority interests          -60  -69  -13.1  -75  -19.2  -32
CONSOLIDATED PROFIT       1,208  1,316  -8.2  686  76.1  674

* excluding Bank BPH and HVB Splitska banka; including transferred CEE subsidiaries from UniCredit and HVB.
** including capital gain out of the sale of HVB Splitska banka

  1-6/07   1-6/06
ROE after taxes             18.7% 18.3%*** 
Cost/income ratio  48.9% 57.3%
Risk/earnings ratio  11.3% 15.0%

*** adjusted for the capital gain HVB Splitska banka

in Euro bn  30/06/07  31/12/06  change in %
Total assets               203.0  154.3  31.6
Equity (without
minority interests)       
 13.6  9.9  37.3
Tier 1 ratio               10.36%  11.62%  


Enquiries:
Michael Bauer
Investor Relations Bank Austria Creditanstalt
phone: +43 (0) 50505 - 58809
e-mail: michael.bauer@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:            Listed:
AT0000995006     Vienna, standard market auction
                 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