2014 balance sheet: Austrian Anadi Bank on a sustainable positive course

With an increase in the operating result to EUR 10,161 million (2013: EUR 7,844 million), Klagenfurt-based Austrian Anadi Bank confirms the sustainable positive course it has pursued following the privatisation in 2013. Supported by an increase in net interest earnings, the operating earnings rose to EUR 60.6 million (2013: EUR 59.4 million), while operating expenses were reduced by means of strict cost management to EUR 50.5 million (2013: EUR 51.6 million).

On the basis of the proportional liability towards the Pfandbriefstelle in consequence of the HETA moratorium, a provision of EUR 15.7 million had to be formed in the balance sheet. Together with the operating result of EUR 10.161 million and the positive value adjustments of EUR 7.8 million, a total profit on ordinary activity emerges in the amount of EUR 2.01 million (2013: EUR 8.4 million).

The healthy structure of the Bank is expressed in a capital ratio of 11.51 % (Tier1) or 12.26 % (Total Capital Ratio), well above the statutory minimum requirements. Total assets remained almost unchanged at 3.207 billion EUR compared with 2013 (3.242 billion EUR).

For the current year the Management Board expects a continuation of the positive trend, supported by continuing high demand in new lending business, particularly mortgage financing. Impetus for growth is also expected from an increased presence for the Bank in Vienna, Salzburg and Styria, as well as the new International Business division. Austrian Anadi Bank AG will publish the detailed year end result via press release shortly.