Corporate Profile - UniCreditUniCredit operates in 22 countries, with more than 160,000 employees and over 9,500 branches. UniCredit benefits from a strong European identity, extensive international presence and a broad customer base. Its strategic position in Western and Eastern Europe gives the Group one of the region’s highest market shares. |
Management report of the Group2011 was another year which presented major challenges for the European banking sector. Stricter regulatory requirements and stress tests, and above all uncertainty over the escalating government debt crisis, led to a volatile environment in which banks were viewed with scepticism. Nevertheless, Bank Austria improved its net operating profit by 13% to € 1.7 bn. |
Consolidated financial statements and notesThe consolidated financial statements in accordance with IFRSs comprise the statement of comprehensive income for the year ended 31 December 2011, the statement of financial position at 31 December 2011, the statement of changes in equity, and the statement of cash flows. The notes include extensive information on accounting principles and on the consolidation perimeter as well as details of items in the income statement and in the statement of financial position. The segment reporting section and the risk report are also essential components of the notes to the consolidated financial statements. |
Corporate Governance ReportUniCredit Bank Austria AG is an Austrian joint-stock company having its registered office in Vienna; since 21 May 2008 its shares have not been listed on the stock exchange anymore. In line with the recommendation contained in the Preamble to the ACCG UniCredit Bank Austria AG will continue to orient itself by the rules of the ACCG as amended from time to time, which can be found on the website of the Austrian Working Group on Corporate Governance at www.corporate-governance.at.
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