Österreichische Volksbanken-Aktiengesellschaft
EANS-Adhoc: VBAG expects negative results at single-entity level until at least
the end of the 2015 business year
No interest paid on supplementary capital
-------------------------------------------------------------------------------- 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. -------------------------------------------------------------------------------- Financial Figures/Balance Sheet 28.11.2013 VBAG expects negative results at single-entity level until at least the end of the 2015 business year / No interest paid on supplementary capital / Provisional Group result as at 30 September 2013 The Board of Management of Österreichische Volksbanken-AG (VBAG) is currently preparing a new medium-term plan for 2014 and subsequent years. It indicates that, in view of restructuring measures, a negative result is to be expected at the single-entity level at any rate until the end of the 2015 business year, so that interest payments on supplementary capital should not be anticipated at least until 2016 (for the business years 2014 and 2015). The interim report for the first three quarters of 2013 was completed at the same time. Provisional VBAG Group result for the first three quarters of 2013: -Result for the period - before taxes: euro -48.7 million - after taxes and minority interests: euro -66.8 million -Total assets reduced by a further euro 4.3 billion since year-end 2012 to euro 23.3 billion -RWA (total risk) reduced by a further euro 2.7 billion since year-end 2012 to euro 13 billion -Capital ratios have been steadily increased: - Tier 1 ratio (total risk) stands at 13.0% (year-end 2012: 10.9%) - Equity ratio (total risk) stands at 17.5% (year-end 2012: 15.7%) Detailed results for the first three quarters of 2013 will be published on Friday 29 November 2013 on the VBAG website (www.volksbank.com/investor_relations). Since temporary tax differences related to the 2008 participation capital ceased to apply, conditions for recognition of deferred tax liabilities as at 31 December 2012 were no longer met. The differenc in the result caused by this changes increases the IFRS result after tax by euro 95.7 million in the fourth quarter of 2012. Stock exchange listed issues of participation capital issued by Österreichische Volksbanken-Aktiengesellschaft: ISIN: AT0000755665 Österreichische Volksbanken-AG Partizipationsscheine XS0359924643 EUR 500,000,000 Perpetual Non Cumulative Participation Capital Certificates (issued on a fiduciary basis by Banque de Luxembourg) The five biggest listed issues of Österreichische Volksbanken-Aktiengesellschaft in terms of issue volume: ISIN: AT000B115704 AT000B053442 AT000B056544 AT000B058011 AT000B057492 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 Regulated market of the Luxembourg Stock Exchange Open Market of Berlin Stock Exchange Open Market of Stuttgart Stock Exchange Open Market of Frankfurt Stock Exchange Further inquiry note: Walter Gröblinger Tel.: +43/ (0) 50 4004-3864 E-Mail: walter.groeblinger@volksbank.com end of announcement euro adhoc -------------------------------------------------------------------------------- issuer: Österreichische Volksbanken-Aktiengesellschaft Kolingasse 14-16 A-1090 Wien phone: +43 0 50 4004-0 WWW: www.volksbank.com sector: Banking ISIN: AT0000755665 indexes: Standard Market Auction stockmarkets: Regulated free trade: Wien, stock market: Prague Stock Exchange language: English