Ad hoc announcement

UniCredit Bank Austria AG / Keyword(s): Final Results/Weiteres Schlagwort

UniCredit Bank Austria AG: Operating profit from customer business rises
strongly, by 7 per cent, to EUR 3.1 bn - the charge of EUR 2 bn for
reduction of total goodwill to nil leads to book loss of EUR 1.6 bn with no
impact on capital ratios

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Ad-hoc Release according to § 48d (Austrian) Stock Exchange Act

 Vienna, 11 March 2014

Bank Austria informs on the results for the financial year 2013:

Operating profit from customer business rises strongly, by 7 per cent, to
EUR 3.1 billion - the charge of EUR 2 billion for the reduction of total
goodwill to nil leads to book loss of EUR 1.6 billion with no impact on
capital ratios

  - Profit after tax before goodwill impairment amounts to EUR 354 million 

  - Operating profit up by 7.2 per cent to EUR 3.1 billion due to
    significant growth of operating income while cost growth remains
    moderate despite fiscal and regulatory burdens

  - Increase in net write-downs of loans translates into significant
    increase in the coverage ratio  to 54.9 per cent (2012: 47.6 per cent),
    which thereby returns to a pre-crisis level

  - Bank levies in Austria and CEE have a negative impact of EUR 209
    million on results

  - Classification of Ukrsotsbank, the Ukrainian banking subsidiary, as
    held for sale and operating loss of the banking subsidiary have a
    negative impact of EUR 256 million on the income statement

  - Write-down on deferred tax assets in view of limited future usability
    burdens results with EUR 223 million

  - The decision, based on the multi-year plan and the recent goodwill
    impairment tests, to reduce to nil all goodwill relating to equity
    interests, leads to a write-off of about EUR 2 billion and a book loss
    of EUR 1.6 billion with no negative impact on capital ratios

  - Capital ratios further improved despite the above measures

  - Total capital ratio rises to 13.5 per cent (2012: 12.5 per cent), Core
    Tier 1 capital ratio improves to 11.3 per cent (2012: 10.6 per cent)

  - Excellent direct funding ratio underlines the bank's strong liquidity
    position

  - Customer loans are funded with customer deposits and debt securities in
    issue to the extent of 107 per cent (2012: 105 per cent)


Contact:
Günther Stromenger
Corporate Relations - Bank Austria
phone: +43 (0) 50505 - 57232
e-mail: guenther.stromenger@unicreditgroup.at


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Language:     English
Company:      UniCredit Bank Austria AG
              Schottengasse 6 - 8
              1010 Wien
              Austria
Phone:        0043 (0) 50505 - 57232
Fax:          0043 (0) 50505 - 8957232
E-mail:       investor.relations@unicreditgroup.at
Internet:     www.bankaustria.at
ISIN:         AT0000995006
WKN:          99500
Listed:       Luxemburg, Wien (Amtlicher Handel / Official Market)
 
End of Announcement                             DGAP News-Service
 
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