Österreichische Volksbanken-Aktiengesellschaft

EANS-Adhoc: Oesterreichische Volksbanken-AG (VBAG): Draft conclusion of recent JRAD audit received from FMA - requirement for total capital ratio 13.6% for Volksbanken-Verbund - deadline for implementation not set

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19.12.2013


Oesterreichische Volksbanken-AG( VBAG) as central organisation of
Volksbanken-Verbund announces that it was informed by the Austrian Financial
Market Authority (FMA) on the result of the draft report of the Joint Risk
Assessment and Decision-Process (JRAD) as per 31 Dec. 2012.

The FMA notes in this draft decision that Volksbanken-Verbund will have to
ensure fulfillment of a total capital ratio of 13.6%. The exact date as per
which Volksbanken-Verbund will have to comply with the ratio will be set by the
FMA at a later stage.
 
In its last reporting to the Austrian National Bank on 31 Oct. 2013
Volksbanken-Verbund had a total capital ratio according to Basel II of 15%. This
ratio will decline in future due to the changeover from Basel II to Basel III,
as well as the loss of VBAG on a single entity level for the business year 2013,
which will likely exceed euro 200 million. Additional capital measures are being
evaluated in order to meet a possible capital requirement.

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 (emittiert auf treuhändischer Basis durch die Banque de Luxembourg)
The five biggest listed issues of Österreichische
Volksbanken-Aktiengesellschaft:

ISIN:
AT000B115704, AT000B053442, AT000B056544, AT000B058011, AT000B057492

The issues of Österreichische Volksbanken-Aktiengesellschaft are admitted on the
following exchanges:
Geregelter Freiverkehr der Wiener Börse AG 
Amtlicher Handel der Wiener Börse AG 
Geregelter Markt der Luxemburger Börse
Freiverkehr der Berliner Börse
Freiverkehr der Börse Stuttgart


Further inquiry note:
Walter Gröblinger Tel.: +43/ (0) 50 4004-3864 
E-Mail: walter.groeblinger@volksbank.com

end of announcement                               euro adhoc 
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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
 



Weitere Meldungen: Österreichische Volksbanken-Aktiengesellschaft

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