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INVESTKREDIT SHARES.
Investkredit shares
listed on the
prime market of
Wiener Börse
Banks and industrial
enterprises are
major shareholders
Difficult times for
capital markets
Investkredit shares
IMPORTANT INFORMATION ON INVEST-
Key data per share As at 31 December 2001
KREDIT SHARES. Investkredit shares have been
listed on the prime market of Wiener Börse
Share capital EUR 46,000,110
since the introduction of the new market
Shares outstanding 6,330,000
segmentation at the beginning of 2002. This Securities code number 74810
positions the share in the top trading ISIN Code AT0000748108
segment of Vienna. The Investkredit Bank AG Reuters OIKV.VI
shares have been listed on the stock exchange
since September 1990. Initially, the shares were
traded on the Unregulated Market; in October
Bloomberg
Year-end price (in EUR)
OEIKAVEquity
36.45
1993 they were transferred the Official Market, High 2001 41.52
and until the end of 2001 they were listed on
the Specialist Market. The share capital did not
Low 2001 34.68
change in the reporting year and was around EUR 46 m. Earnings per share decreased to EUR 3.65 m in
2001. The price-earnings ratio at year-end was 10.0 as compared with 8.3 at the end of 2000. The book
value per share was EUR 40.92 at year-end. The stock’s market capitalisation increased in the course of
2002 from EUR 222 m to EUR 231 m as a result of the rise in the stock market price of the share.
STABLE SHAREHOLDER STRUCTURE. Ownership of Investkredit is mainly in the hands of the four
major Austrian banking groups. Further shares are owned by insurance companies, industrial enterprises,
and private shareholders and the staff of the
bank. The stable ownership structure and the
bank’s specialisation are the reasons for Invest-
Shareholders
BA/CA Group 26.7 %
kredit´s neutral position in the banking BAWAG/P.S.K. Group 21.3 %
sector as compared to the universal banks. RZB 15.6 %
A share of 13% is held by industrial enterprises, Erste Bank 11.3 %
private shareholders and the staff of the bank.
Wiener Städtische 7.4 %
Additional shareholders were gained in an
employee stock participation programme. The
ÖVAG 3.4 %
Annual General Meeting of 24 May 2001,
Other Banks 1.2 %
authorised Investkredit Bank AG until 23
November 2002, to acquire up to 5% of the
Shares widely held, especially
by industrial enterprises 13.1 %
free float for trading purposes.
100.0 %
STOCK MARKETS 2001. Stock markets underwent a very difficult phase during 2001. The slowdown
in the world’s three major economic blocks occurred in conjunction with crises in several emerging
market economies (Argentina, Turkey), bankruptcies of major corporations (Swissair, Enron) and the
further decline of new economy stocks. The low confidence among investors caused the downtrend,
which had begun in the year 2000, to continue. The impact of the events of September 11 finally
brought stock market prices to their lowest point. The recovery which followed in October and
November was surprisingly strong and brought most stock markets back to above their September
levels. For the full year 2001, the extremely volatile stock markets closed with losses ranging from
12% (S&P 500 – USA) to some 20% (German DAX and French CAC), and even 23% (Japan NIKKEI).
The performance of stock markets was much weaker than governmental bond markets. Bond markets
had profited from the decline in stock prices and the sinking interest rates even before September 11,
but as a consequence of the steep rise in long-term interest rates as of November, the bond markets
THE BANK FOR CORPORATES
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