Annual Financial Statements 2008 of Bank Austria

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Consolidated Financial Statements: Management Report of the Group Management Report 2008 (CONTINUED) Income statement of the consolidated banking subsidiaries in CEE (€ m) (€ m) cZecH RepUblIc slOvAKIA HUngARY 2008 2007 % 2008 2007 % 2008 2007 % net interest income 267.5 207.5 29% 105.7 84.9 25% 156.1 153.8 1% Net fee and commission income 112.9 111.4 1% 30.6 23.5 31% 92.0 82.8 11% Net trading, hedging and fair value income 1.9 4.7 –61% 28.5 24.5 17% 18.4 10.9 70% Net other income/expenses –1.3 0.6 n.m. 3.5 2.4 47% 0.6 –1.5 n.m. net non-interest income 113.5 116.7 –3% 62.6 50.3 25% 111.0 92.2 20% OpeRATIng IncOme 380.9 324.2 18% 168.3 135.1 25% 267.1 246.0 9% OpeRATIng expenses –155.7 –156.5 0% –79.8 –66.0 21% –136.1 –119.8 14% OpeRATIng pROfIT 225.2 167.7 34% 88.5 69.1 28% 131.0 126.1 4% Provisions for risks and charges 0.9 0.5 67% 1.3 –0.3 n.m. –1.5 –1.2 21% Net writedowns on loans –29.4 –17.7 66% –4.8 –7.0 –31% –26.4 –22.6 17% Net income from investments 33.1 –5.0 n.m. 1.0 –1.8 n.m. 42.9 12.6 >100% Integration costs –4.7 – 9.7 –52% 0.0 –0.3 n.m. –1.5 –4.9 –70% pROfIT befORe TAx 225.0 135.8 66% 85.9 59.7 44% 144.6 110.0 31% Cost/income ratio 40.9% 48.3% 47.4% 48.9% 50.9% 48.7% Risk/earnings ratio 11.0% 8.5% 4.6% 8.2% 16.9% 14.7% Exchange rate 24.946 27.766 31.262 33.775 251.512 251.352 Appreciation/depreciation against the euro +11.3% +8.0% –0.1% cROATIA bOsnIA seRbIA 2008 2007 % 2008 2007 % 2008 2007 % net interest income 355.8 287.1 24% 74.8 76.1 –2% 50.7 36.2 40% Net fee and commission income 134.3 125.6 7% 30.2 30.9 –2% 21.0 16.9 25% Net trading, hedging and fair value income 29.8 25.4 17% 6.2 5.2 18% 6.5 5.9 11% Net other income/expenses 44.9 57.1 –21% 2.7 –0.5 n.m. –0.8 –0.3 >100% net non-interest income 209.0 208.1 0% 39.1 35.6 10% 26.8 22.5 19% OpeRATIng IncOme 564.8 495.2 14% 113.8 111.8 2% 77.5 58.7 32% OpeRATIng expenses –304.7 –256.4 19% –80.9 –73.2 11% –32.8 –29.2 12% OpeRATIng pROfIT 260.1 238.7 9% 32.9 38.6 –15% 44.6 29.5 52% Provisions for risks and charges –0.5 –1.6 –68% –0.7 –2.4 –70% –0.1 0.0 n.m. Net writedowns on loans 0.8 –0.9 n.m. –8.9 –1.3 >100% –6.0 –3.6 69% Net income from investments 12.0 –0.6 n.m. 3.5 0.4 >100% 0.0 0.2 n.m. Integration costs –0.1 –0.1 22% –2.0 –2.9 –31% 0.0 0.0 – pROfIT befORe TAx 272.3 235.5 16% 24.8 32.3 –23% 38.5 26.0 48% Cost/income ratio 53.9% 51.8% 71.1% 65.4% 42.4% 49.8% Risk/earnings ratio –0.2% 0.3% 11.9% 1.8% 11.9% 9.9% Exchange rate 7.224 7.338 1.956 1.956 81.433 79.986 Appreciation/depreciation against the euro +1.6% +0.0% –1.8% 1) Pro quota. 2) Included in the group of consolidated companies as from 1 December 2007 3) Fully consolidated as from 1 January 2008. Bank Austria · Annual Financial Statements 2008 29
slOvenIA bUlgARIA ROmAnIA bAlTIcs 2008 2007 % 2008 2007 % 2008 2007 % 2008 2007 % 45.2 35.8 26% 237.2 194.4 22% 74.1 118.9 –38% 22.8 14.6 56% 20.1 17.8 13% 79.8 73.4 9% 59.8 63.1 –5% 1.0 0.3 >100% –2.4 3.0 n.m. –12.1 –2.6 >100% 171.2 78.4 >100% –2.3 –1.0 >100% 0.1 0.2 –60% 2.1 2.7 –25% 1.4 –2.0 n.m. 1.2 0.1 >100% 17.9 21.1 –15% 69.7 73.5 –5% 232.3 139.5 67% –0.1 –0.6 –84% 63.0 56.9 11% 306.8 267.9 15% 306.5 258.4 19% 22.7 14.0 63% –35.1 –30.6 15% –129.0 –116.6 11% –153.6 –138.9 11% –13.9 –10.6 32% 27.9 26.3 6% 177.9 151.3 18% 152.8 119.5 28% 8.8 3.4 >100% 0.0 0.0 –81% 1.9 –1.3 n.m. –2.7 –3.2 –15% 0.0 0.0 – –6.5 –4.3 51% –25.6 –26.8 –4% –38.0 –16.4 >100% –11.2 0.7 n.m. 3.7 –0.6 n.m. 5.9 8.5 –31% 3.2 –0.3 n.m. 0.0 0.2 –100% –1.5 –1.6 –7% 6.4 –2.0 n.m. 0.0 –5.5 n.m. 0.0 0.0 – 23.5 19.7 19% 166.5 129.8 28% 115.3 94.0 23% –2.4 4.3 n.m. 55.8% 53.7% 42.0% 43.5% 50.1% 53.7% 61.2% 75.6% 14.4% 12.0% 10.8% 13.8% 51.3% 13.8% 48.9% –4.5% 1.000 1.000 1.956 1.956 3.683 3.335 0.703 0.700 0.0% +0.0% – 9.4% –0.4% TURKeY 1) RUssIA KAZAKHsTAn 2) UKRAIne 3) cee bAnKs TOTAl 2008 2007 % 2008 2007 % 2008 2007 2008 2008 2007 % 587.0 528.8 11% 517.8 355.4 46% 246.5 23.5 276.4 3,017.6 2,116.9 43% 322.8 265.5 22% 137.0 114.5 20% 45.8 2.9 80.9 1,168.3 928.6 26% 12.1 24.8 –51% 73.5 –5.0 n.m. 35.9 3.8 53.7 420.8 177.9 >100% 58.0 46.3 25% 7.6 0.8 >100% –3.0 –1.0 2.3 119.2 104.9 14% 393.0 336.6 17% 218.1 110.2 98% 78.7 5.8 136.9 1,708.3 1,211.4 41% 980.0 865.4 13% 735.9 465.6 58% 325.2 29.3 413.3 4,726.0 3,328.3 42% –463.8 –448.3 3% –254.7 –179.9 42% –122.7 –10.5 –162.4 –2,125.3 –1,636.5 30% 516.1 417.1 24% 481.2 285.7 68% 202.5 18.8 250.9 2,600.6 1,691.9 54% –63.6 –68.3 –7% 0.0 0.0 – 0.0 –0.3 –0.2 –65.3 –78.1 –16% – 91.1 –73.2 24% –77.3 –40.7 90% –124.3 4.0 –89.4 –538.3 –209.9 >100% 14.2 6.8 >100% 2.6 2.9 –13% 3.0 –0.5 0.3 125.3 22.7 >100% 0.0 0.0 – 0.0 0.0 – 0.0 0.0 0.0 –3.4 –27.1 –88% 375.6 282.5 33% 406.4 247.9 64% 81.2 22.0 161.7 2,118.9 1,399.5 51% 47.3% 51.8% 34.6% 38.6% 37.7% 35.9% 39.3% 45.0% 49.3% 15.5% 13.8% 14.9% 11.5% 50.4% –17.0% 32.3% 17.8% 9.9% 768.7% 1.906 1.786 36.421 35.018 176.963 167.871 – – – –6.3% –3.9% 0.0% Bank Austria · Annual Financial Statements 2008 30
Page 1 and 2: Annual Financial Statements 2008 of
Page 3 and 4: Bank Austria at a Glance Income sta
Page 5 and 6: Consolidated Financial Statements:
Page 7 and 8: As a result of the sharp rise in co
Page 9 and 10: Bank Austria in 2008 Overview � B
Page 11 and 12: The same applies to our CEE banking
Page 13 and 14: Net interest income in 2008 was €
Page 15 and 16: a whole as did the cost of risk at
Page 17 and 18: Profitability, value creation and r
Page 19 and 20: Development of Business Segments Re
Page 21 and 22: After an excellent final quarter of
Page 23 and 24: The progressive financial market cr
Page 25 and 26: stock market prices - previously ha
Page 27 and 28: Central Eastern Europe (CEE) (€ m
Page 29: Two-thirds of the increase in the p
Page 33 and 34: The intended sale of the above-ment
Page 35 and 36: Outlook Economic environment � Th
Page 37 and 38: � We will fully maintain our long
Page 39 and 40: Consolidated Financial Statements i
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Consolidated Financial Statements i
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Bank Austria - Jahresfinanzbericht
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Preliminary remarks on the financia
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Management Report of UniCredit Bank
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Liabilities and Shareholders' Equit
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Profit and Loss Account for the yea
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Notes to the balance sheet Notes to
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The following are also covered by t
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4.3. Loans and advances to, and amo
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4.6. Differences between cost and r
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4.17. Movements in fixed assets Equ
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4.25.4. Revenue reserves There was
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A.1 Trading book: notional amounts
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A.6 OTC financial derivatives - res
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4.30. Market risk Market risk manag
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5.5. Expenses for subordinated liab
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1. Stock Options MANAGEMENT BOARD/S
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Interests in associated companies a
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Supervisory Board and Management Bo
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Translation of the facsimile on pag
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Bank Austria - Annual Financial Sta
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Translation of the facsimile on pag
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Investor Relations Investor Relatio
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Annual Financial Statements 2008 of Bank Austria

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