July 25, 2014 8:13 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 and mobile banking services; and asset management and investment advisory services. It also provides capital market services; real estate services, including financing, consulting, property appraisal,...

Schottengasse 6–8

Vienna,  1010

Austria

Founded in 1855

37,269 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: 58
Chief Financial Officer and Member of the Management Board
Age: 48
Chief Executive Officer of Unicredit
Age: 59
Chief Executive Officer of Unicredit Leasing Austria and Head of Austrian
Deputy Chairman of Management Board
Age: 58
Compensation as of Fiscal Year 2014.

UniCredit Bank Austria AG Key Developments

Immofinanz Eyes UniCredit's Stake In CA Immobilien

Immofinanz AG (WBAG:IIA) is interested in buying UniCredit Bank Austria AG's 16.8% stake in CA Immobilien Anlagen AG (WBAG:CAI), Eduard Zehetner, Chief Executive Officer of Immofinanz said. "What CA Immobilien has would fit us well. They are in the same geographies as us, in the same asset classes, and it would be a good extension of our portfolio," Eduard Zehetner told Reuters by telephone. Zehetner declined to say whether negotiations had already begun but said Immofinanz was in contact with UniCredit.

Bank Austria Announces Earnings Results for the First Quarter of 2014

Bank Austria announced earnings results for the first quarter of 2014. The company has announced that its first quarter profit has increased. The company’s profit had increased by a quarter to EUR 350 million. The bank attributed the gains to a fall in loan write-downs.

UniCredit Bank Austria AG Reports Earnings Results for the First Quarter Ended March 31, 2014

UniCredit Bank Austria AG reported earnings results for the first quarter ended March 31, 2014. For the quarter, net interest was EUR 841 million against EUR 855 million a year ago. Operating income was EUR 1,376 million against EUR 1,472 million a year ago. Net operating profit was EUR 541 million against EUR 628 million a year ago. The decrease was mainly due to lower operating income - reflecting the low interest rate environment, restrained credit demand, and exchange rate movements - and higher costs resulting from increases in bank levies and financial transaction taxes, while lower net write-downs of loans and provisions for guarantees and commitments had a positive effect. Profit before tax was EUR 421 million against EUR 316 million a year ago. Profit attributable to the owner of the company was EUR 350 million against EUR 281 million a year ago.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
December 13, 2013
UniCredit Bank Austria AG, Head Office
Merger/Acquisition
December 2, 2013
Public Joint Stock Company Ukrsotsbank
 

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