Bank Austria Creditanstalt - Annual Report 2004

Bank Austria Creditanstalt at a Glance
Income statement figures (in € m)	2004	Change		2003	Change		2002
Net interest income after losses on loans and advances	2,018	+	18.1%	1,709	–	3.4%	1,770
Net fee and commission income	1,233	+	8.7%	1,134	+	5.4%	1,076
Net trading result	223	+	1.3%	220	–	4.7%	231
General administrative expenses	–2,479	+	0.0%	–2,479	–	1.0%	–2,503
Operating profit	922	+	53.2%	602	+	5.3%	572
Net income before taxes	836	+	29.0%	648	+	28.5%	504
Consolidated net income	602	+	36.1%	442	+	43.0%	309

Balance sheet figures (in € m)	2004	Change		2003	Change		2002
Total assets	146,516	+	6.9%	137,053	–	7.4%	147,968
Loans and advances to customers after loan loss provisions	78,070	+	7.6%	72,541	–	0.4%	72,826
Primary funds	82,763	+	8.0%	76,642	–	7.7%	83,009
Shareholders’ equity	6,641	+	14.2%	5,815	+	26.2%	4,610
Risk-weighted assets (banking book)	70,887	+	8.1%	65,550	–	2.4%	67,160

Key performance indicators (in %)	2004			2003			2002
Return on equity after taxes (ROE)	9.7			8.7			6.5
Return on equity after taxes before amortisation of goodwill in accordance with IFRS 3	10.9			10.1			8.4
Return on assets (ROA)	0.43			0.31			0.20
CEE contribution to net income before taxes	43.3			23.3			29.4
Cost/income ratio	64.9			69.9			69.3
Net interest income/ avg. risk-weighted assets (banking book)	3.57			3.28			3.32
Risk/earnings ratio	17.1			21.5			23.3
Provisioning charge/ avg. risk-weighted assets (banking book)	0.61			0.70			0.77
Total capital ratio (end of period)	12.4			13.1			11.2
Tier 1 capital ratio (end of period)	7.9			7.8			6.8

Staff	2004	Change		2003	Change		2002
Bank Austria Creditanstalt (full-time equivalent)	29,191	–	3.9%	30,377	+	2.0%	29,767
Austria (BA-CA AG and its Austrian subsidiaries that support its core banking business)	10,653	–	6.6%	11,410	–	4.2%	11,916
CEE and other subsidiaries	18,538	–	2.3%	18,967	+	6.3%	17,851
of which: Poland	9,728	–	12.5%	11,115	–	8.1%	12,089

Offices	2004	Change		2003	Change		2002
Bank Austria Creditanstalt	1,300	–	0.8%	1,311	–	2.5%	1,345
Austria	397	–	3.9%	413	–	8.0%	449
CEE and other countries	903	+	0.6%	898	+	0.2%	896
of which: Poland	467	–	10.0%	519	–	7.5%	561

Bank Austria Creditanstalt at a Glance