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"Global Finance" chooses Bank Austria as Austria's best bank

American financial magazine "Global Finance" has chosen Bank Austria as Austria's best bank, based on the results of its "The World´s Best Banks in Developed Markets" annual survey. Bank Austria CEO Erich Hampel says, "The award from 'Global Finance' acknowledges our employees' commitment and professionalism and reflects the fact that we are not only Austria's biggest bank, but also its best."

The essential criteria for selection are customer orientation, commercial success and the prerequisites for continued positive growth. 'Global Finance' conducted qualitative interviews with stock analysts, rating experts and banking industry consultants to complement quantitative data such as balance sheet growth and profitability. Financial magazine 'Global Finance' has been in existence for 21 years, with around 284,000 readers in 158 countries around the world. The prize will be awarded in Washington D.C. on 13 October 2008.

With a balance sheet total of 209.2 billion euros and pre-tax profits of 2.7 billion as of the end of 2007, Bank Austria, which is a member of the UniCredit Group, is not only Austria's biggest bank, but also its most profitable. Within the UniCredit Group Bank Austria is responsible for all business in Central and Eastern Europe, with the exception of Poland. More than 54,000 employees in 2,800 branches service some 23 million customers in Austria and the CEE countries.

The UniCredit Group is one of Europe's biggest banking groups. It operates in 23 European countries and employs a workforce of some 170,000, who service more than 40 million customers in 9,000 branches. UniCredit operates the biggest international banking network in the Central and Eastern Europe region, with more than 81,000 employees looking after the needs of some 27 million customers at more than 3,700 branches.

Enquiries: Bank Austria Press Office Austria
Alexander Tröbinger, Tel. +43 (0) 50505 ext. 52809
E-mail: alexander.troebinger@unicreditgroup.at