Annual Report of Euram Bank 2019


A N N U A L R E P O R T 2 0 1 9


to the annual accounts of European American Investment Bank Aktiengesellschaft (“Euram Bank”)

for the year ending on 31 December 2019.

The annual accounts for the year ending on 31 December 2019 were prepared in accordance with

the regulations of the Accounting Act (Rechnungslegungsgesetz), taking account of the special

requirements of the Banking Act (BWG, Bankwesengesetz).

It was resolved, in the ordinary general meeting on 30 November 2016, to shift the balance sheet

date from 30 June to 31 December. There is comparability with the 2018 fiscal year of 12 months.

1. General principles and information on accounting and valuation

General principles

The annual accounts for the year ending on 31 December 2019 are prepared in compliance with

generally accepted accounting principles, and with the general standard of conveying a true and

fair view of the net worth, financial position and results of the company.

The principle of completeness and accounting continuity was observed in preparing the annual


The unit account method of valuation is applied in valuing the individual assets and debts, on a

going-concern basis.

The principle of prudence was taken into account considering the particular characteristics of

banking business.

Under the provisions of section 9 of the Corporate Income Tax Act (KStG) relating to group taxation,

a corporate group exists as at 31/12/2019 comprising Euram Holding AG as group parent and Euram

Bank as group member. The tax sharing agreements stipulate the stand-alone method.

Euram Bank belongs to the joint stock bank sector.

Euram Bank is wholly owned by Euram Holding AG.


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