INVESTKREDIT BANK AG - Xetra

DESCRIPTION OF THE BANK
Introduction
Investkredit Bank AG (the “Bank” or “Investkredit”) is a specialist bank based in Vienna, which offers
financial services exclusively to corporate customers. Investkredit offers a wide range of products
designed to meet the financing and financial asset management needs of its customers. Over more
than 45 years, Investkredit has developed into the second-largest provider of long-term loan finance
for medium- and large-scale enterprises in Austria. As a specialist bank, Investkredit offers a
combination of lending, asset management and treasury services and is an active equity investor.
Investkredit’s shares are listed on the prime market of the Vienna Stock Exchange. The majority of
Investkredit’s shares are held by major Austrian banks and other shareholders which include
industrial enterprises, insurance companies, private shareholders and employees of the Bank.
Investkredit and its associates position themselves strategically as a specialist banking group for
the corporates, local government and real-estate segments. The Investkredit Group (the “Group”)
includes INVEST EQUITY Beteiligungs-AG (“INVEST EQUITY”) (private equity fund), Europa
Consult GmbH (consulting, mergers & acquisitions advice), Kommunalkredit Austria AG
(“Kommunalkredit”) (local government finance) and Europolis Invest Group (real-estate business).
As at 30 September 2002, total Group assets amounted to EUR 13.8 billion, loans and advances to
customers and financial investments stood at EUR 10.2 billion and total capital, calculated in
accordance with Section 23 of the Austrian Banking Law, was EUR 639 million. The total capital
ratio was 11.3 % (31 December 2001: 10.4%).
Moody's Investors Service currently rates Investkredit as A1 and Kommunalkredit as Aa3. The Fitch
rating of Kommunalkredit is currently AA-.
History
Investkredit was established in 1957, on the initiative of the Federal Government and the International
Bank for Reconstruction and Development (formerly the World Bank), as a specialist bank
for the business sector and in particular industry, to make long-term capital available to investing
corporates.
The Bank was incorporated as a joint stock company under private law. Historically Investkredit has
lent predominantly on the basis of long-term fixed-interest loans at its own risk.
As a specialist bank with a general orientation towards the promotion of capital investment,
Investkredit was formally involved in the implementation of industrial and economic policy in Austria.
While retaining its macro-economic role in the financing of capital investment in Austria, the Bank
has developed a range of services to suit customer and market requirements.
In addition to classical loan financing, Investkredit now offers a wide range of medium- and longterm
bank services for corporate customers.
In 2001 the first representative and branch offices were opened in Prague and in Frankfurt am
Main. A representative office in Warsaw followed in 2002.
With the acquisition of a majority holding in Kommunalkredit in 1986, the Group’s product range
was extended to include local government financing in Austria. In recent years, the Group has
expanded its activities for local authorities in Central and Eastern Europe jointly with the Franco-
Belgian Dexia group, the other strategic shareholder in Kommunalkredit.
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