team spirit - Bankier.pl

More documents

Recommendations

Info

Three networks are combined 14 With UniCredit to the First Truly European Bank New Dimensions for Bank Austria Creditanstalt and its Customers Bank Austria Creditanstalt celebrated a triple anniversary in 2005: 150 years of Creditanstalt, 125 years of Länderbank and 100 years of Zentralsparkasse. Looking back on our historical roots, we can see that our predecessor institutions were already thinking in European dimensions a hundred years ago. We can still find the traces of those institutions in Central and Eastern Europe. In our more recent past, consolidation and internationalisation have been the twin driving forces behind an impressive upward trend. Several milestones marked our progress along the way: the merger of Zentralsparkasse and Länderbank 15 years ago; the emergence of the Bank Austria Creditanstalt Group eight years ago, with the integration of CEE operations which Bank Austria and Creditanstalt had built up separately; the first major cross-border business combination of banks in the young European internal market to create HVB Group five years ago; and the legal merger of Bank Austria and Creditanstalt to form Bank Austria Creditanstalt AG three years ago. 2005 was our most successful year, impressively proving that we are moving in the right direction. UniCredit BA-CA UniCredit+BA-CA HVB UniCredit+HVB With UniCredit to the First Truly European Bank And now we are taking another major step forward, though we were not directly involved in launching this initiative: we are moving to become a truly European bank. The new UniCredit Group has extensive operations in 19 countries, where over 7,000 branches and 140,000 employees serve some 28 million customers. In terms of total assets, the banking group is among the top 5 in the euro area and ranks third by market capitalisation (€ 64 bn, March 2006). UniCredit Group holds leading positions in the neighbouring core markets of Italy, Germany and Austria, and the Group leads the market in Central and Eastern Europe by a wide margin.
“As a member of UniCredit Group we offer our customers a network in 19 countries and the products and services of a large international bank. We want to build on the diversity of our local banking subsidiaries while also combining expertise, bundling production and using the location advantages of our network – and thus grow together to become the truly European bank.” UniCredit Group aims to go beyond the size and expansion of its regional markets: we intend to become a European company with strong regional roots, combining supraregional business, international financial markets and local customer relationships. We attach great importance to the growing team spirit based on our shared values, on a multicultural management team, exchange and openness, and on the strong commitment of employees at our local banks – in brief, unity in diversity. Bank Austria Creditanstalt fully shares this approach and this claim, and it will therefore smoothly integrate into the new Group. Above all, we can offer customers in our markets – in Austria and CEE – a significantly wider choice. A compelling industrial logic With the business combination to form UniCredit Group we are at the forefront of profound changes in the European banking sector, changes whose significance are not yet fully recognised everywhere. Financial service providers are among the least concentrated industries in the European internal market; at the other end of the scale, key industries are highly concentrated and operate on the principle of division of labour across regions. For a number of reasons, the European financial market is still highly fragmented, yet it should provide the business sector with an efficient and open infrastructure. It is clear that banks are subject to the same economic rationality as the industrial sector. Banks can use economies of scale and scope, too, and they can also use supraregional platforms for production. This applies equally to activities in international financial markets and to local retail banking. Banking business is characterised by common features wherever it is conducted, though there are differences in consumers’ habits and in the local business structure. Therefore banks increasingly use industrial models to structure their operations. Banks compete with other industries for the same Erich Hampel, Chairman of the Managing Board of Bank Austria Creditanstalt and member of UniCredit's Management Committee with responsibility for the CEE Division capital and have to generate excess returns corresponding to their risk profiles. Sustainable value creation requires selective allocation of capital, as well as productivity improvements and growth. The new banking group focuses on both, growth and productivity. And it will achieve sustainable value enhancement both in mature markets and in the young growth markets in Central and Eastern Europe. � UniCredit plays a leading role in Germany, Italy and Austria. It is deeply rooted in one of Europe’s most prosperous and integrated regions. This area comprises northern Italy, UniCredit’s home market, and Bavaria, the home of HypoVereinsbank, as well as Austria, the home country of Bank Austria Creditanstalt. Many of Europe’s major industries are located in this highly integrated region, with a sound mix of large companies and small businesses, conurbations and peripheral service providers. Gross domestic product in this region is 17 % higher than the average for the old EU-15 countries. The mature core markets will continue to play a strategic role in the future. The three home countries of UniCredit Group are also important partners of the CEE countries in the areas of foreign trade and direct investment. The total volume of these three countries’ foreign trade with CEE exceeds € 300 bn, which corresponds to 14 % of their total foreign trade and 30 % of the foreign trade volume of the CEE countries. � The new Group operates in 16 countries in Central and Eastern Europe (and maintains operations in a total of 19 countries). Even before the business combination, BA-CA and HVB as well as UniCredit were major players in the dynamically growing economies of the New Europe. Together they now hold the undisputed market leadership position in this region – total assets of their operations in CEE are more than twice those of the nearest competitor and the number of their branches is also more than twice as large. The new Group is With UniCredit to the First Truly European Bank 15
Page 1 and 2: Annual Report Bank Austria Creditan
Page 3 and 4: The Bank Austria Creditanstalt Shar
Page 5 and 6: Annual Report Bank Austria Creditan
Page 8 and 9: Highlights 2005 Awards 2005 1 Janua
Page 10 and 11: A word of thanks to our employees T
Page 12 and 13: 8 Letter from the CEO of the new Un
Page 14: 4 pages reserved for illustrations
Page 19 and 20: as an organisational principle has
Page 21 and 22: We attach great importance to human
Page 23 and 24: International Markets Willi Hemetsb
Page 25 and 26: Growth in Austria slightly above EU
Page 27 and 28: � Net income up by 60 %. 21% incr
Page 29 and 30: The “sustainable” income compon
Page 31 and 32: Net trading result € m 2005 2004
Page 33 and 34: higher revenue without significant
Page 35 and 36: In 2005 our multi-year Fit for Sale
Page 37 and 38: from classic on-balance sheet produ
Page 39 and 40: Net fee and commission income in CE
Page 41 and 42: employees’ qualification levels a
Page 43 and 44: Outlook Global economic environment
Page 45 and 46: Outlook for Bank Austria Creditanst
Page 47 and 48: Other shareholders 0.2% Austria 0.9
Page 50 and 51: IPO targets met ahead of time Finan
Page 52 and 53: Austrian Customer Business Bank Aus
Page 54 and 55: Linking sales channels � Mix of s
Page 56 and 57: Lowering the proportion of lending
Page 58 and 59: Loans to private customers grow mor
Page 60 and 61: Flexible products for closing the p
Page 62 and 63: Cards for young people Security - a
Page 64 and 65: Network bank for international corp
Page 66 and 67:
Corporate finance, not just for lar
Page 68 and 69:
International Markets (INM) The Int
Page 70 and 71:
Record year on the Vienna Stock Exc
Page 72:
4 pages reserved for illustrations
Page 75 and 76:
“The upswing experienced by the C
Page 77 and 78:
In the retail/private customers seg
Page 79 and 80:
Our efforts to offer products meeti
Page 81 and 82:
Slovakia - HVB Bank Slovakia € m
Page 83 and 84:
Outlook With the planned expansion
Page 85 and 86:
International Markets Business deve
Page 87 and 88:
Following the big success of the pr
Page 89 and 90:
Acquisition of Eksimbanka By acquir
Page 91 and 92:
“As a bank with growing business
Page 93 and 94:
Risk structure by region and busine
Page 95 and 96:
“The higher the level of standard
Page 97 and 98:
Basel II The roll-out of the module
Page 99 and 100:
“Today we expect our bank employe
Page 101 and 102:
manager, the higher his classificat
Page 104 and 105:
Consolidated Financial Statements i
Page 106 and 107:
Income statement of the Bank Austri
Page 108 and 109:
Statement of changes in shareholder
Page 110 and 111:
Notes to the Consolidated Financial
Page 112 and 113:
IFRSs applied Title Application App
Page 114 and 115:
Page 116 and 117:
Loans and receivables are carried i
Page 118 and 119:
Accounting for leases as lessee: in
Page 120 and 121:
The present value of pension obliga
Page 122 and 123:
as the identification of intangible
Page 124 and 125:
€ m 2005 2004 Staff costs 1,491 1
Page 126 and 127:
€ m 2005 2004 Bonds and other fix
Page 128 and 129:
Leasing business Total gross and ne
Page 130 and 131:
Movements in investments in 2005
Page 132 and 133:
In 2005, deferred taxes were partly
Page 134 and 135:
Liabilities evidenced by certificat
Page 136 and 137:
€ m 2005 2004 Negative fair value
Page 138 and 139:
Emoluments of members of Bank Austr
Page 140 and 141:
Most of the trading assets and trad
Page 142 and 143:
Segment reporting € m Private SME
Page 144 and 145:
€ m 2005 2005 2004 2004 Assets Li
Page 146 and 147:
In the 2005 financial year, aggrega
Page 148 and 149:
Market risk management encompasses
Page 150 and 151:
VaR of the Bank Austria Creditansta
Page 152 and 153:
Basis point values of the Bank Aust
Page 154 and 155:
High-yield portfolio: composition o
Page 156 and 157:
Market risk limit utilisation in CE
Page 158 and 159:
Liquidity ratios of the Bank Austri
Page 160 and 161:
Operational risk is defined as the
Page 162 and 163:
experience in the past. Moreover, s
Page 164 and 165:
Total volume of outstanding financi
Page 166 and 167:
The following tables show the capit
Page 168 and 169:
Report of the Auditors We have audi
Page 170 and 171:
Report of the Supervisory Board In
Page 172 and 173:
Corporate Governance Bank Austria C
Page 174 and 175:
Supervisory Board and Managing Boar
Page 176 and 177:
Page 178 and 179:
Income Statement of our Consolidate
Page 180 and 181:
Balance Sheets of our Consolidated
Page 182 and 183:
Glossary Important concepts and ter
Page 184 and 185:
General administrative expenses div
Page 186 and 187:
In 1988, the Basel Capital Accord (
Page 188 and 189:
Office Network of the Bank Austria
Page 190 and 191:
Central and Eastern Europe Bosnia a
Page 192 and 193:
Other Countries 196 Office Network
Page 194:
Investor Relations Investor Relatio
show all

team spirit - Bankier.pl

Create successful ePaper yourself

Delete template?

Save as template?