OeKB AG plays a central role in the Austrian economy, both for the export industry and in capital markets, for which OeKB AG also performs statutory functions. OeKB AG also processes export guarantees and issues government bonds on behalf of the Republic of Austria. OeKB AG is the second-biggest Austrian issuer in international capital markets after the Republic of Austria, and offers market players central infrastructure services and financial data.

OeKB Group Annual Report 2018

All current OeKB reports

Key data at a glance

Company form Public limited company
Registered office Vienna
Year of establishment 1946
Business area EXPORT SERVICES
CAPITAL MARKET SERVICES
ENERGY MARKET SERVICES
DEVELOPMENT FINANCING
Shareholder structure
 

Austrian commercial banks
OWNERS

Board of Directors
 

Helmut Bernkopf
Angelika Sommer-Hemetsberger
MANAGEMENT
Organisational chart

Headcount (as at 2018) 406 (group: 466)
Balance sheet total as at 31.12.2018 28.7 bn. euro
Pre-tax profit 2018 41 mill. euro

Key indicators of OeKB AG since 2014

EUR million (unless differently mentioned) 2014 2015 2016 2017 2018
Total assets at 31 December 28,002 28,776 26,505 26,005 28,714
Equity including minority interest 718 746 766 801 791
Profit before tax* 84 61 54 52 41
Total comprehensive income for the year 54 48 40 59 27
Return on equity in %** 7.5 6.4 5.2 7,5 3,4
Cost/income ratio in %* 56.8 61.8 59.3 59,7 61,6

*Beginning in 2012, stated net of deferred up-front premiums.

** RoE = (Total comprehensive income, attributable to the owners of the parent Company/equity, attributable to the owners of the parent company)

EUR million (except lines beginning with "Number of") 2014 2015 2016 2017 2018
Number of guarantees in place 3,502 3,509 3,544 3,773 5,897
Number of new guarantee contracts issued 676 738 824 965 1,033
Aggregate guarantee exposure limit at 31 December 50,000 50,000 50,000 40,000 40,000
Utilisation of the guarantee exposure limit at 31 December 28,272 25,897 22,501 24,436 26,431
New guarantee contracts issued 3,842 3,758 3,566 5,355 5,720
Premium and interest income* 191 165 157 146 154
Gross claims paid by the Guarantor 102 81 77 47 39
Recoveries on claims paid 73 58 154 49 42

* Beginning in 2012, this item reflects accrual-basis accounting for up-front premiums (i.e., premiums are recognised in the period in which they are earned)

EUR million 2013 2014 2015 2016 2017 2018
New commitments issued 5,124 3,173 5,007 4,464 5,282 7,600
Total lending commitments outstanding at 31 December 24,632 22,087 21,369 19,210 20,585 23,174
Disbursements outstanding 22,031 19,587 18,373 15,701 17,539 19,901
     Loan funds disbursed 4,724 2,771 4,051 3,778 4,795 6,243
     Repayments received 7,520 5,216 5,265 6,450 2,958 3,881
Increase/(decrease) in net loans outstanding (2,796) (2,445) (1,214) (2,672) +1,838 +2,362
Limit on aggregate guarantee exposure under Export Financing Guarantees Act 45,000 45,000 45,000 45,000 40,000 40,000
Utilisation of the guarantee exposure limit at 31 December 28,779 26,055 24,314 21,959 24,513 26,283
Total new guarantees issued 8,482 10,585 9,767 9,244 13,274 12,732

 

  2014 2015 2016 2017 2018
Bond market — Government bonds administered by OeKB 12,581 14,795 12,939 13,316 11,031
OeKB CSD Custody assets - Nominal value 302,502 300,159 315,750 328,493 326,422
     Number of units in millions 11,003 10,551 10,120 9,328 8,199
OeKB CSD Settlement volume - Nominal value 543,704 414,790 512,693 701,474 658,219
     Number of units in millions 31,313 15,268 21,297 11,594 8,191