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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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

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

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 

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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