Company Overview of UniCredit Bank Austria AG
UniCredit Bank Austria AG provides various banking products and services to private and corporate customers in Europe and internationally. It operates in Retail & Corporates, Private Banking, Corporate & Investment Banking, and Central Eastern Europe segments. The company offers fixed deposits, current accounts, savings products, securities investment plans, and bank cards; international transfer services; financing services comprising loans and vehicle leasing services; housing finance; online, mobile, and telephone banking services; and asset management and investment advisory services. It also provides capital market services; real estate services, including financing, consulting, propert...
Founded in 1855
Key Executives for UniCredit Bank Austria AG
Chairman of The Management Board and Chief Executive Officer
Chief Financial Officer and Member of Management Board
Chief Executive Officer of Unicredit
Chief Executive Officer of Unicredit Leasing Austria and Head of Austrian, Multinational Corporations
Deputy Chairman of The Management Board, Deputy Chief Executive Officer and Head of CEE Division
Compensation as of Fiscal Year 2015.
UniCredit Bank Austria AG Key Developments
UniCredit Bank Austria AG Reports Earnings Results for the First Half of 2015
Aug 6 15
UniCredit Bank Austria AG reported earnings results for the first half of 2015. For the period, the company reported net profit of EUR 489 million. Without non-recurring items, net profit would be up by 32% or EUR 119 million compared with the first half of the previous year. Total operating income amounted to EUR 2,905 million, down by 2.1% against of EUR 2,967 million for the same period a year ago. Operating profit was down by 3% on the same period of the previous year of EUR 1,420 million. Net operating profit was EUR 986 million, down by 7.7% on the previous year of EUR 1,069 million. The decline reflects lower operating income -mainly due to the contractually agreed expiry of the participation in profits of the markets subdivision of unicredit's CIB Division - and the higher charge for loan loss provisions. Profit before tax was EUR 803 million, down by 14.8%, on the previous year of EUR 943 million. Profit after deduction of income tax amounted to EUR 674 million, a decrease of 16.8% compared with the same period of the previous year of EUR 811 million. Net profit attributable to the owners of the parent company of EUR 489 million against of EUR 778 million.
Bank Austria Announces Management Changes
May 25 15
Bank Austria has announced the appointment of Mirko Bianchi as its new CFO. Mr. Bianchi will succeed Francesco Giordano on June 1, 2015, who will move to HypoVereinsbank as CFO.
Bank Austria Announces Earnings Results for the First Quarter Ended March 31, 2015
May 13 15
Bank Austria announced earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net profit of EUR 198 million, down by 43.2% on the same period of the previous year due to three effects not related to operating activities. Total operating income amounted to EUR 1,383 million, down by 2.1% on the figure for the first quarter of the previous year against EUR 1,413 million a year ago. The slight decline was due to the effects mentioned above: interest rates remained low and exchange rate effects also had an impact. At constant exchange rates, operating income rose by 3.0%. Operating profit was EUR 632 million, down by 1.3% on the same period of the previous year against EUR 641 million, last year, reflecting lower operating income and exchange rate effects. At constant exchange rates, operating profit rose by 5.9%. Net operating profit was EUR 422 million, down by 2.5% on the same period of the previous year against EUR 433 million, last year. The decline reflects low operating income, impacted mainly by the low interest rate environment, persistently weak credit demand and exchange rate effects. The lower charge for loan loss provisions had a favorable effect. Profit before tax was EUR 311 million, down by 26.1% on the same period of the previous year against EUR 420 million last year. Performance was burdened by weak economic growth, low interest rates and a significant increase in systemic charges. Net interest was EUR 816 million, down by 6.2% on the same period of the previous year on account of the persistently low interest rate environment and negative exchange rate effects. At constant exchange rates, net interest increased by 2.2%.
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