Corporate Governance

Bank Austria Creditanstalt has attached great importance to responsible and transparent management from the very start. Corporate governance aims at creating sustainable long-term value for shareholders, i.e. long-term business success to the advantage of all interested parties.

We want to create sustainable value for our shareholders and meet the requirements of international capital markets. The fact that this is not mere lip service is reflected in the success achieved by the bank in 2005 and described in detail in this report, as well as the steady upward trend of Bank Austria Creditanstalt AG from the very beginning.

Bank Austria Creditanstalt’s management is wholeheartedly committed to the values of corporate governance. This is not a mere declaration of commitment to the provisions laid down in the Austrian Code of Corporate Governance but responsible management in all areas in close cooperation with the Supervisory Board. From the 2006 financial year on the company will apply the new Austrian Code of Corporate Governance as amended and effective from January 2006.