KA Finanz AG

Über das Institut

KA Finanz AG (KF) was established on 28 November 2009 through the demerger of the former Kommunalkredit and is the legal successor of the latter; 100% shareholder is the Republic of Austria. As provided for in the restructuring plan approved by the European Commission on 31 March 2011, KF is responsible for the structured run-down of the non-strategic portfolio (loans, securities and CDS). Equipped with a banking license, the company – like all other Austrian banks – is subject to supervision by the FMA (Financial Market Supervisory Authority) and OeNB (Austrian Nationalbank).

KF’s business purpose is to pursue a targeted reduction of risks, while minimizing the input of public resources and utilizing any potential for value recovery, with the best possible own contributions by the bank being made in accordance with EU state aid rules (burden sharing). The bank is not engaged in any new asset-side business. Assets in the KF portfolio are funded primarily through secured and unsecured commercial paper issues, customer deposits, secured money-market transactions (repos) and covered bonds.

As at 26 September 2015 the part of Kommunalkredit Austria AG remaining after the demerger for new incorporation of Kommunalkredit Austria AG of the same date was merged into KF. As at 31 December 2015, KF reported assets in the amount of EUR 14.4bn and its portfolio of risk positions amounted to EUR 10.6bn, after the merger. In the course of the business year, the portfolio was reduced by EUR 1.2bn through active run-down measures and redemptions. Through the merger, a high-quality portfolio of approx. EUR 5.8bn was transferred to KF. KF has a sound capital base of EUR 620.2m (19.8%), including EUR 481.0m (15.3%) in common equity tier-1 capital according to Basel III. In addition, EUR 2.7bn covered bonds were taken over, which received an AA- rating from S&P in March 2016.

Investor Relations

Ingo RIEGER
Head of Treasury

Türkenstraße 9, 1092 Wien
T: +43 (0)1/31 6 31-678
E-Mail: investorrelations@kafinanz.at

Kontakt

Ingo RIEGER
Head of Treasury

Türkenstraße 9, 1092 Wien
T: +43 (0)1/31 6 31-678
E-Mail:investorrelations@kafinanz.at

Friedrich MACH
Portfolio & Treasury Officer

Türkenstraße 9, 1092 Wien
T: +43 (0)1/310 06 06-618
E-Mail:f.mach@kafinanz.at

Link

http://www.kafinanz.at

Covered Bonds:

http://www.kafinanz.at/EN/Financial%20Reports/Annual%20Reports/Annual+Reports.aspx

Cover Pool Reporting

pdf-Kommunal