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18.06.2019 – 09:49

Kommunalkredit Austria AG

EANS-News: Kommunalkredit Austria AG
Kommunalkredit strengthens capital base for future growth

  Corporate news transmitted by euro adhoc with the aim of a Europe-wide
  distribution. The issuer is responsible for the content of this announcement.

Restructuring & Recapitalisation

Vienna -

* Gesona Beteiligungsverwaltungs GmbH subscribes to shares in capital increase
  totalling EUR 20m
* In combination with retained 2018 annual profit: capital base strengthened by
  EUR 50.4m
* Existing shareholders support Kommunalkredit growth strategy

(Vienna, 18 June 2019) - Kommunalkredit Austria AG has completed its previously
announced capital increase in the amount of EUR 20m. Existing shareholder Gesona
Beteiligungsverwaltungs GmbH subscribed to the entirety of the newly issued
shares. Combined with the retained 2018 annual profit of EUR 30.4m, this results
in a strengthening of the capital base by a total of EUR 50.4m and supports
future growth of Kommunalkredit: its underwriting capacity increases and it
benefits from economies of scale.

Kommunalkredit CEO Bernd Fislage: "This step is a clear sign from Gesona, who
fully supports our strategy. With the strengthened capital, we will continue to
vigorously implement our growth strategy. Together with our team, we look
forward to seizing the opportunities of today's infrastructure as well as public
sector market."

With its entry into the commercial register and the approval by the FMA, total
equity of Kommunalkredit Austria AG increases to EUR 340.6m and its core capital
to EUR 284.4m (all figures calculated as of 31 May 2019). Kommunalkredit reports
a total equity ratio of 22.9 % and a core capital ratio of 19.1%. With the
implementation of the capital increase, EUR 20m of the EUR 79.7m in authorised
share capital are being called up. Following the capital increase, the
authorised share capital will be raised to EUR 86.3m.

Kommunalkredit performed strongly in 2018 and has significantly increased its
operative earning power. According to IFRS, the operating result tripled to EUR
23.2m (2017: EUR 7.6m). The bank increased its new business volume by 89.2 %, to
EUR 1,201.8m, and its financing volume placed with investors by 52.7 %, to EUR
569.7m. Customer deposits rose by 55.6 %, to EUR 1,002.5m. In addition, with its
"first close" on its debt fund, "Fidelio KA Infrastructure Debt Fund Europe 1",
the bank successfully established its own infrastructure debt fund platform.
Through this platform, Kommunalkredit is able to offer business partners access
to infrastructure financing via an asset management solution.

Further inquiry note:
Kommunalkredit Austria AG
Martin Hehemann (Head of Corporate Communications)
Phone: +43 (0)1/31 6 31-532 or +43 (0)664/80 31631 532

end of announcement                         euro adhoc

issuer:       Kommunalkredit Austria AG
              Türkenstraße  9
              A-1092 Wien
phone:        +43 1 31 6 31
FAX:          +43 1 31 6 31 105
ISIN:         -
stockmarkets: SIX Swiss Exchange, Luxembourg Stock Exchange, Wien
language:     English

Original content of: Kommunalkredit Austria AG, transmitted by news aktuell