Annual reports

The ongoing stabilisation of the economy in the first quarter of 2010 also had a positive effect on the result of the Investkredit Group. Consolidated net income is marginally positive and amounts to euro 0.8 million, initiating a reversal of the trend.

In 2009, Investkredit was severely impacted by risk provisions and loan losses. Credit risk provisions amounting to over euro 500 million were the item that dominated the fiscal year. Result before taxes showed a loss of euro -395 million. Taking into account the net interest income adjusted by a nonrecurring factor in 2008, the operating result remained at the level of the previous year.

In the 2009 business year, Österreichische Volksbanken-AG (VBAG) paid particular attention to the provision of liquidity and captial in view of the continued high level of tension on the money and capital markts.

Annual Report as ePaper 

In the third quarter of 2009, economically necessary credit risk provisions increased again significantly. Despite satisfactory business operations and tangible cost savings, significant losses must be reported.

The Österreichische Volksbanken-AG has just produced its first financial magazine together with the German financial journal FINANCE. The publication provides an insight into the repositioning of the Volksbank Group and offers an overview of the Group’s services in the Retail, Leasing, Corporates, Financial Markets and Real Estate segments. Best-practice knowledge from Investkredit, the Bank for Corporates and Real Estate, makes the transactions transparent and offers solutions to financing issues.

Earnings for this quarter were affected by an in-crease in impairments. As the crisis spilled over into the real economy, indications became clearer during the quarter of a need to make much greater allowance.

Die Österreichische Volksbanken-AG zählt zu den führenden Finanzkonzernen in Österreich, 1922 als Spitzeninstitut des Volksban-Sektors gegründet, nimmt die Bank traditionell eine tragende Funktion als Partner der österreichischen Wirtscahft –  auch für kleine und mittlere Unternehmen –  ein.

Konzernbericht als ePaper einsehen

• Management Report 2008
• Consolidated Financial Statements
• Notes
• Key Figures 1999 – 2008

While operating business has been positive – such as the increase in net interest income – the effects of the financial market crisis have left their mark on financial investments.

As a result of concentrating on profitable financing transactions in the areas of corporate and real estate financing there was an adjusted rise of 23%.

In the corporate and real estate financing divisions business expanded and margins improved noticeably. As a result, net interest income remained at the level of the first quarter of 2007 despite the spin-off of the Europolis Group.

• Management Report 2007
• Consolidated Financial Statements
• Notes
• Key Figures 1998 – 2007

In the corporate and real estate segments, expansion of the business volume led to an increase in net interest income of 47% and 6% respectively. After-tax profit rose to EUR 128.1 m. This is, after deducting minority interests in subsidiaries, equivalent at this stage to 98% of net profit for the whole of 2006.

Net interest income rose in the first half of the year by 11% or EUR 12.4 m, thus contributing decisively to the improvement in the Investkredit Group’s earnings.  Both the expansion of business and the improvement in the margins on corporate lending made a difference.

The improvement in earnings over the first three months of this year is mainly due to the rise in net interest income. This is largely due to improvements in margins for corporate and real estate financing as well as an expansion of business.

• Management Report 2006
• Consolidated Financial Statements 
• Notes
• Key Figures 1997 – 2006

We are delighted to be sending you a rather special kind of annual report with this copy of “Corporate Business”. What makes it so special, besides the attractive “magazinian” layout, is its outlook. It does not look backwards but ahead to the future of the new Investkredit as The Bank for Corporates and Real Estate.

Online Annual Report 2005
download (pdf, 6.056 KB)

The Investkredit Group with its three segments corporates, local government and real estate once again reported further increases in earnings in the first three quarters of the year. By 30 September 2005 net profit had risen 44% to EUR 56.7 m. Total assets rose by 27% to EUR 27.2 bn. The main feature of the third quarter was the process of integration with the new owners, Volksbank AG.

Online Interim Report as at 30 September 2005

The Investkredit Group with its three segments corporates, local government and real estate once again reported further increases in earnings in the first half-year. Net profit climbed by 56% to EUR 37.3 m as at 30 June 2005. Total assets rose by 19% to EUR 25.5 bn. The main feature of the first half-year – as explained in detail in the Management Report – was the takeover by VBAG, which has held more than 97% of the shares since 19 July 2005.

Online Interim Report as at 30 June 2005 

Online Interim Report as at 31 March 2005 

2004 was a key year in the ongoing development of the Investkredit Group. Consistent specialisation in the three segments corporates, local government and real estate bore fruit and led to the best ever pre-tax profit of EUR 99 m with a rise in total assets to EUR 21 bn.

The intention of the 2004 annual report is to make Investkredit's business tangible, conveying the essence of the specialist banking group. The reader is guided through the annual report by 19 selected transactions - photographed as tombstones.

Online Annual Report 2004 

The results of the Central European specialist banking group developed better than planned in the first three quarters of 2004. Net profit improved by 26% to EUR 39.4 m. At EUR 20.3 bn, total assets are 24% above the previous year.

Online Interim Report as at 30 September 2004 

The results of the specialist banking group in Central Europe continued to show a positive development in the first half of 2004, confirming strategic efforts made to build up the business in recent years. The steady transformation to being a European bank with eight offices across the EU and continuous innovation in financial services have contributed to this success.

Online Interim Report as at 30 June 2004 

Online Interim Report as at 31 March 2004 

The results of the financial year 2003 can be taken as a distinct confirmation of Investkredit's strategic positioning as a specialist banking group.

Architecture shapes the present and the future. This Annual Report features "Danube House", part of the River City Prague Project, developed by Europolis Invest in 2003.

Online Annual Report 2003 

Investkredit sharpened its profile as a specialist bank in 2001 by consistently concentrating the activities of its subsidiaries in the areas relating to the business of long-term financing. A clear indication of the acceptance of this specialisation by our clients and business partners is the rapid growth in the volume of corporate financing and in the volume of financing for local governments and real-estate projects.

With some EUR 16.7 m profit after tax, Investkredit Group results continued to grow in the first half of 2001. This clearly reflects the Group's concentration on medium- and long-term financial services in the enterprise, local government and real-estate segments. The internationalization strategy was continued with the opening of the Prague representative office in April.