team spirit - Bankier.pl

Benchmarking
Book value per share
Business units of
Bank Austria Creditanstalt
Capital requirement
Capital resources pursuant
to the Austrian Banking Act
Cash management
CEE
Companies accounted for
under the equity method
Consolidated companies
Corporate governance
Systematic comparison of business processes/performance with the relevant parameters
of other companies, or comparison of one company with the most successful company
on the market, with the purpose of establishing the company’s standing in relation to its
competitors.
For the purpose of determining the book value per share, shareholders’ equity is divided
by the number of shares outstanding. The ratio is an indicator of a company's net asset
value.
Branches and other units of Bank Austria Creditanstalt AG and its subsidiaries providing
direct customer services.
In accordance with the solvency provisions, banks are required always to maintain net
capital resources in the amount specified in Section 22 (1) 1 to 4 of the Austrian Banking
Act. Pursuant to the provisions of the Austrian Banking Act based on the Basel
Capital Accord (Basel I), the capital requirement is 8 % of the assessment basis as
defined in the Austrian Banking Act. See the table on capital resources in note 49.
Capital resources are divided on the basis of their quality into Tier 1 capital (core capital),
Tier 2 capital (supplementary elements) and available Tier 3 capital. Tier 3 capital can
only be used to cover the regulatory capital requirement for the trading book and for
the open foreign exchange positions. The Austrian Banking Act, in its provisions regulating
capital resources, specifies the amount of capital resources to be held by banks to
cover the risks they incur as part of their business activities. See the table on capital
resources in note 49.
Collection and use of multiple account information to optimise payment flows and
improve the profitability of companies and financial institutions.
CEE stands for Central and Eastern Europe. For the purposes of this Annual Report, CEE
comprises the following countries: Poland, Hungary, the Czech Republic, Slovakia, Slovenia,
Croatia, Romania, Bulgaria, Bosnia and Herzegovina, and Serbia and Montenegro.
These are companies which are not controlled by the reporting enterprise, but on which
the enterprise can exercise a significant influence. Equity interests in such companies are
stated in the consolidated balance sheet at the share of net assets. The share of profits
or losses is included in the consolidated income statement.
These are significant controlled companies whose assets, liabilities, income and expenses
are, after eliminations, included in the consolidated financial statements of Bank Austria
Creditanstalt.
Standards defined for the transparent management and supervision of companies. The
recommendations contained in the Code of Corporate Governance create transparency
and strengthen confidence in responsible corporate management. These standards above
all protect shareholders’ interests.
Glossary 187