UniCredit S.p.A.
UniCredito Italiano S.p.A.:UniCredit announces Bank Austria Creditanstalt’s first quarter 2007 results
UniCredito Italiano S.p.A. / Statement Release of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- UniCredit announces Bank Austria Creditanstalt's first quarter 2007 results BA-CA’s Results for the first three months of 2007: UniCredit announces that, as BA-CA’s figures for the first quarter of 2007 are already available, BA-CA is publishing its results earlier than planned, for the Annual General Meeting scheduled for 3 May. New CEE subsidiaries are driving Bank Austria Creditanstalt's growth as expected: • The new subsidiaries in Central and Eastern Europe boost BA-CA's overall profits by 74 per cent to EUR 535 million • BA-CA reduces cost/income ratio from 57.3 per cent to 52.5 per cent • Proposed dividend to rise from EUR 2.50 to EUR 4 per share The integration of the new subsidiaries in Central and Eastern Europe has given a strong impetus to the growth of Bank Austria Creditanstalt (BA-CA). In the first three months of 2007, consolidated profit rose by 73.8 % to EUR 535 million (Q1 2006: EUR 308 million). As announced, the transfer to BA-CA of direct and indirect shareholdings in ten banks of UniCredit and HVB in Central and Eastern Europe (CEE) took place in the first quarter of 2007; these included among others Yapi Kredi in Turkey, IMB in Russia, Zagrebačka banka in Croatia and Bulbank in Bulgaria. The CEE region now accounts for almost 50 % of BA-CA's profits. Return on equity after tax amounts to 16.9 % (Q1 2006: 17.9 %). The cost/income ratio declined to 52.5 % (Q1 2006: 57.3 %). At the Annual General Meeting on 3 May 2007 the Management Board of Bank Austria Creditanstalt will propose raising the dividend from EUR 2.50 to EUR 4 per share in line with the bank's excellent results. in EUR m Q1/07 Q1/06 change Q1/06 change pro-forma* Net interest income 890 633 40.6% 768 16.0% Net fee and comm. Inc. 517 416 24.2% 425 21.6% Net trading income 161 166 -3.1% 183 -12.3% Net other op. inc./exp. 49 5 >100% 18 >100% TOTAL REVENUES 1,618 1,220 32.5% 1,394 16.0% OPERATING EXPENSES -849 -699 21.5% -801 6.0% OPERATING PROFIT 769 522 47.3% 593 29.6% Provisions for risks and charges reserves -18 -2 >100% -8 >100% Goodwill impairment 0 0 0 Net writedowns of loans -117 -108 8.4% -114 3.1% Net income from inv. 58 10 >100% 13 >100% Integration costs -3 0 0 Profit before tax 688 421 63.4% 483 42.4% Consolidated profit 535 308 73.8% 350 52.7% *excluding Bank BPH and HVB Splitska banka; including transferred CEE subsidiaries from UniCredit and HVB. Q1/07 Q1/06 ROE before taxes 20.7% 22.3% ROE after taxes 16.9% 17.9% Cost/income ratio 52.5% 57.3% Risk/earnings ratio 13.2% 17.1% Earnings per share (EUR) 2.65 2.09 in EUR bn 31/03/07 31/12/06 change Total assets 191.2 154.3 24.0% Equity (without minority interests) 13.4 9.9 35.2% Tier1 capital ratio 10.80% 11.62% Milan, May 2, 2007 Enquiries: Media Relations: +39 02 88628236; e-mail: MediaRelations@unicreditgroup.eu Investor Relations: +39 02 88628715; e-mail: InvestorRelations@unicreditgroup.eu DGAP 02.05.2007 ---------------------------------------------------------------------- Language: English Issuer: UniCredito Italiano S.p.A. Via San Protaso 1/3 20121 Milan Italien Phone: 0039 02 8862 2995 Fax: 0039 02 8862 3816 E-mail: maurizia.angelocomneno@unicredit.it www: www.unicredit.it ISIN: IT0000064854 WKN: 850832 Indices: Listed: Amtlicher Markt in Frankfurt (General Standard); Freiverkehr in Berlin-Bremen, Hannover, München, Hamburg, Düsseldorf, Stuttgart; Terminbörse EUREX End of News DGAP News-Service ---------------------------------------------------------------------------
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