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

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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
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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