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July 07, 2015 7:04 PM ET

Banks

Company Overview of UniCredit Bank Austria AG

Company Overview

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...

Schottengasse 6–8

Vienna,  1010

Austria

Founded in 1855

36,139 Employees

Phone:

43 505 050

Fax:

43 505 055 6155

Key Executives for UniCredit Bank Austria AG

Chairman of The Management Board and Chief Executive Officer
Age: 59
Chief Financial Officer and Member of Management Board
Chief Executive Officer of Unicredit
Age: 60
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
Age: 50
Compensation as of Fiscal Year 2015.

UniCredit Bank Austria AG Key Developments

Bank Austria Announces Management Changes

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

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%.

UniCredit Bank Austria AG Reports Audited Consolidated Earnings Results for the Full Year Ended December 31, 2014

UniCredit Bank Austria AG reported audited consolidated earnings results for the full year ended December 31, 2014. For the year, the company reported return on equity after tax (ROE) of 9.7%.

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