Company Overview of UniCredit Bank Austria AG
UniCredit Bank Austria AG, through its subsidiaries, provides various financial products and services in Europe and internationally. The company offers various deposit products; consumer, construction, and housing loans; and safe-custody, credit card, leasing and factoring, information technologies, back-office activities, personnel administrative management, loan recovery, purchasing, and real estate management services. It also provides lending business and capital market advisory services; payment transactions, trade finance, and cash management services; treasury services; investment advisory, asset management, and advisory brokerage services; and various insurance products. In addition,...
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 the Management Board
Chief Executive Officer of Unicredit
Chief Executive Officer of Unicredit Leasing Austria and Head of Austrian
Deputy Chairman of Management Board
Compensation as of Fiscal Year 2013.
UniCredit Bank Austria AG Key Developments
Bank Austria Axes 850 Jobs
Nov 28 13
Bank Austria wants to reduce costs in Austria by EUR 130 million in the next two years, and it wants to reduce personnel costs by EUR 70 million. These cuts will affect 850 jobs, it is estimated. The bank wants to reduce employment by way of using voluntary redundancy schemes and part-time employment. Bank Austria is currently undergoing restructuring: it has already announced the closing down of 67 bank branch offices.
UniCredit Bank Austria AG Reports Earnings Results for the Third Quarter and Nine Months of 2013
Nov 12 13
UniCredit Bank Austria AG reported earnings results for the third quarter and nine months of 2013. For the quarter, the company reported net interest income was EUR 1,071 million, operating income was EUR 1,739 million, net operating profit was EUR 472 million, profit before tax was EUR 635 million and net profit attributable to the owners of Bank Austria was EUR 520 million.
Net interest in the first nine months of 2013 was EUR 3,273 million, matching the previous year's level was EUR 3,288 million. Overall, operating income in the first nine months amounted to EUR 5,294 million, an increase of 1.6%, EUR 5,211 million in 2012. Operating profit was EUR 2,334 million, a slight increase of 0.5% over the previous year EUR 2,321 million; this sound operating performance was achieved despite the charges for bank levies and the financial transaction tax. If the comparative figure for the previous year is adjusted for one-off effects, operating profit improved by 10% compared with the same period of the previous year. Net operating profit was EUR 1,334 million against EUR 1,551 million a year ago. Profit before tax was EUR 1,375 million against EUR 1,429 million a year ago. Net profit attributable to the owners of Bank Austria was EUR 1,086 million against EUR 1,099 million a year ago.
UniCredit Bank Austria AG Announces Earnings Results for the Second Quarter and Six Months Ended June 30, 2013; Reports Goodwill Impairment for the Second Quarter Ended June 30, 2013
Aug 7 13
UniCredit Bank Austria AG announced earnings results for the second quarter and six months ended June 30, 2013. For the quarter, the company’s net interest was EUR 1,099 million. Operating income was EUR 1,818 million. Operating profit was EUR 820 million. Net operating profit was EUR 430 million. Profit before tax was EUR 384 million. Net profit attributable to the owners of Bank Austria was EUR 281 million.
For the six months, the company’s net interest was EUR 2,202 million against EUR 2,173 million a year ago. Operating income was EUR 3,555 million against EUR 3,387 million a year ago. Operating profit was EUR 1,550 million against EUR 1,469 million a year ago. Net operating profit was EUR 862 million against EUR 983 million a year ago. Profit before tax was EUR 740 million against EUR 862 million a year ago. Net profit attributable to the owners of Bank Austria was EUR 566 million against EUR 641 million a year ago. Return on equity before tax was 8.6%. Return on equity after tax was 6.8%.
The company reported goodwill impairment for the second quarter ended June 30, 2013 was EUR 3 million against EUR 3 million a year ago.
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