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Österreichische Volksbanken-Aktiengesellschaft ... - Volksbank AG

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1.3 Summary regarding the Issuer<br />

General<br />

VB<strong>AG</strong> is a joint stock corporation (<strong>Aktiengesellschaft</strong>) established under Austrian law and<br />

registered in the Austrian companies’ register (Firmenbuch) under the name of<br />

Österreichische <strong><strong>Volksbank</strong>en</strong>-<strong>Aktiengesellschaft</strong>, registration number 116476 p. It operates<br />

inter alia under the commercial name of "VB<strong>AG</strong>". The competent court for registration is<br />

the Commercial Court Vienna (Handelsgericht Wien). Its registered office is at Peregringasse<br />

3, A-1090 Vienna, Austria. With effect of 1 July 2007, its registered office will be at<br />

Kolingasse 19, A-1090 Vienna, Austria.<br />

The Management Board (Vorstand) of VB<strong>AG</strong> consists of five members. The Supervisory<br />

Board (Aufsichtsrat) comprises twenty-one members, seven of whom are representatives of<br />

the staff council.<br />

Share capital<br />

VB<strong>AG</strong>’s issued share capital amounts to EUR 311,095,411.82 and is divided into<br />

42,791,666 bearer shares with a nominal value of EUR 7.27 each, as of the date of this Prospectus.<br />

The shareholders of the voting capital of VB<strong>AG</strong> are <strong><strong>Volksbank</strong>en</strong> Holding registrierte<br />

Genossenschaft mit beschränkter Haftung (58.2 per cent.), DZ BANK group (25.0 per cent.<br />

plus one share), ERGO group (Victoria insurance) (10.0 per cent.), Raiffeisen Zentralbank<br />

Österreich <strong>Aktiengesellschaft</strong> (6.1 per cent.) and other shareholders (0.7 per cent.).<br />

Financial Information<br />

The financial information below is extracted from the audited consolidated financial statements<br />

of VB<strong>AG</strong> for the year ended 31 December 2006:<br />

Amounts in EUR thousand<br />

Total assets 67,429,317<br />

Net interest income 662,925<br />

Pre-tax profit for the year 309,433<br />

Profit for the year after taxes 262,776<br />

Net profit after minority interests 155,159<br />

Business Overview<br />

VB<strong>AG</strong> is a universal bank and offers banking services to private clients, corporate clients,<br />

clients from the public sector and to its partners, mainly the Austrian <strong><strong>Volksbank</strong>en</strong> (credit<br />

co-operatives), in Austria, Slovakia, the Czech Republic, Hungary, Slovenia, Croatia, Romania,<br />

Bosnia-Herzegovina, Serbia, Cyprus, Germany, Poland, Ukraine and Malta.<br />

VB<strong>AG</strong>’s activities are organised in the following business divisions:<br />

� Corporate;<br />

� Retail;<br />

� Treasury;<br />

� Real estate; and<br />

� Public Finance.<br />

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