Österreichische Volksbanken-Aktiengesellschaft
EANS-Adhoc: Österreichische Volksbanken-Aktiengesellschaft /Quarterly Report
ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement.
quarterly report
06.11.2009
Q3 2009 result: Operating income of euro 307 million, consolidated net income falls to euro -607 million due to risk provisions
The Managing Board of Österreichische Volksbanken-Aktiengesellschaft announced on 6 November 2009 that ÖVAG Group generated operating income of euro 307 million in the first three quarters of 2009.
However, risk provisions and corrections in the valuation of participations drove down consolidated net income to euro - 607 million before tax as of 30 September 2009.
Despite the negative result in the third quarter, ÖVAG on a Group basis has a core capital ratio of 8.5 %, which exceed the statutory minimum and an equity ratio of 11 %.
For the fourth quarter, further effects are expected from the valuation of participations and the increase in risk provisions, but to a lesser extent than in the third quarter.
Due to the continuing difficult economic environment, a distribution in 2011 for the 2010 fiscal year on profit-related securities is unlikely from today´s viewpoint. Publication of the final 2009 results is planned for April 2010.
The five biggest listed issues of Österreichische Volksbanken-Aktiengesellschaft in terms of issue volume: ISIN: XS0451759012 XS0417722393 XS0412533399 XS0271095357 AT000B053442
The issues of Österreichische Volksbanken-Aktiengesellschaft are admitted on the following stock exchanges:
- Regulated unofficial market of Wiener Börse AG - Official trading of Wiener Börse AG - EUWAX segment of Baden-Württembergische Wertpapierbörse - Regulated market of Baden-Württembergische Wertpapierbörse - Regulated market of the Prague Stock Exchange - EURONEXT of the Amsterdam Stock Exchange - Regulated market of the Luxembourg Stock Exchange
end of announcement euro adhoc
Further inquiry note:
Walter Gröblinger
Tel.: +43/ (0) 50 4004-0
E-Mail: walter.groeblinger@volksbank.com
Branche: Banking
ISIN: AT0000755665
WKN:
Index: Standard Market Auction
Börsen: Prague Stock Exchange / stock market
Wien / official market