Infra Banking Experts
Austria´s Bank for Infrastructure

Press Archive 2011

Click here to download the press releases of Kommunalkredit of the year 2011.

08.08.2011 - Mid Year Result of Kommunalkredit

Successful first half of 2011 / unfavourably affected by exposure to Greece

  • IFRS pre-tax profit for the period EUR 1.2 million; balanced result according to Austrian GAAP
  • Impairment charge for Greece: IFRS EUR -31.3 million; Austrian GAAP EUR -29.9 million
  • Sound capital base: total capital ratio 18.9%; core capital ratio 15.5%
  • Successful expansion of municipal and infrastructure project business

13.04.2011 - Preliminary 2010 Results of Kommunalkredit Austria AG

Kommunalkredit: Successful business year 2010

  • Preliminary IFRS profit after tax of EUR 24.7 million
  • Successful expansion of municipal and infrastructure-related project business
  • Confirmation of restructuring plan by the European Commission
  • Result above target achieved without government support

31.03.2011 - Kommunalkredit: European Commission approves restructuring plan

  • Confirmation of Kommunalkredit’s new business model
  • Restructuring of Kommunalkredit is in compliance with competition rules
  • No coupon payments on supplementary and participation capital

09.02.2011 - Kommunalkredit returns to capital market

  • Placement of five-year public-sector covered-bond issue
  • High demand for EUR 500 million transaction
  • Favourable echo to Kommunalkredit's specialisation

11.01.2011 - Fitch Upgrades Individual Rating

  • Individual Rating of Kommunalkredit Austria AG upgraded from E to D
  • Long-term Issuer Default Rating confirmed at A with stable outlook
  • Recognition for Kommunalkredit’s new business model


Marcus Mayer
Corporate Communications
Phone: +43 (0)1/31 6 31-593
Fax: +43 (0)1/31 6 31-503

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