Austrian Control Bank

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  Oesterreichische Kontrollbank AG
logo
Country AustriaAustria Austria
Seat Vienna
legal form Corporation
Bank code 10,000
BIC OEKOATWWXXX
founding 1946
Website www.oekb.at
management
Board Helmut Bernkopf
Angelika Sommer-Hemetsberger
Supervisory board Robert Zadrazil (Chairman)

The Oesterreichische Kontrollbank AG ( OeKB ) is a specialized financial institution owned by commercial banks based in Austria. It was founded in 1946. The OeKB Group fulfills its tasks as Austria's central financial and information service provider on the one hand as a private company and on the other through mandates from the Republic of Austria .

The board consists of Helmut Bernkopf and Angelika Sommer-Hemetsberger.

OeKB Group and business areas

In external communication, OeKB acts together with its subsidiaries and holdings as the OeKB Group. The main business areas of the group are divided into the five areas of export services, capital market services, energy market services, development finance and tourism services.

The business areas of the group companies of the OeKB Group concentrate on the areas of credit insurance ( Acredia Versicherung ), energy market , capital market infrastructure (OeKB CSD GmbH, Central Counterparty Austria CCP.A) and IT services (OeKB Business Services GmbH). Development finance is covered by the 100 percent subsidiary Oesterreichische Entwicklungsbank AG (OeEB), which was founded in 2008 and acts as the official development bank of the Republic of Austria. The tourism services are provided by OeKB and the majority owned Austrian Hotel and Tourism Bank (ÖHT).

Export Services

OeKB acts as Austria's export credit insurance agency . As the authorized representative of the Republic of Austria, it offers the economy tailor-made instruments for risk management in export transactions.

The export guarantees to protect against political and economic risks as well as the instrument of the bill of exchange guarantee access to the export financing procedure, which significantly facilitates the low-interest refinancing of exports, foreign holdings and domestic investments, provided that Austria has a corresponding share of added value.

Funds for export financing are raised through OeKB's own bonds, which are rated by the rating agencies Moody’s and Standard & Poor’s with the rating codes Aa1 (stable) / AA + (stable).

Capital market services

OeKB occupies a central position in the Austrian financial market due to its independent function as a provider of infrastructure and is therefore the information hub for all questions relating to the Austrian capital market.

As the central issuing office for security identification numbers ( ISINs ), OeKB ensures that every Austrian security can be clearly identified worldwide. OeKB also runs the reporting office in accordance with the Capital Markets Act and oversees the largely automated auction process for federal bonds . Furthermore, it acts as a service partner of WM Datenservice in the allocation of the LEI code (Legal Entity Identifier).

In addition, OeKB offers extensive data on domestic and foreign stocks , bonds and funds and supplies almost all major Austrian market participants with financial data and key figures .

The OeKB is also the central point for the storage of mandatory information such as B. Ad-hoc reports, convening of general meetings, etc. According to the amendment to the Stock Exchange Act of April 2007 (Section 86), issuers are obliged to transmit this information via the OAM issuer information system. It is also a certified SWIFT Service Bureau, through which companies can handle all of their SWIFT communications.

Development finance

The Oesterreichische Entwicklungsbank (OeEB) finances investments by private companies in developing and emerging countries. Since companies there often lack access to financial products, there is a great need for both loan financing and equity. OeEB grants investments in the private sector, loans at near-market conditions and provides capital. The growth generated in this way should create jobs and improve people's living conditions.

Energy market services

OeKB acts as a General Clearing Member at European Commodity Clearing. As Europe's leading clearing house, European Commodity Clearing handles the processing for the most important energy exchanges. In addition, OeKB takes over the financial clearing for several Austrian energy clearing houses.

Tourism Services

In 2019, OeKB took over 68.75 percent of the shares in the Österreichische Hotel- und Tourismusbank Gesellschaft mbH (ÖHT), which specializes in tourism finance, from UniCredit Bank Austria and Erste Bank der oesterreichischen Sparkassen AG. The ÖHT has been the national contact point for subsidies and financing for the tourism and leisure industry since 1947. On behalf of the Federal Ministry for Agriculture, Regions and Tourism, it handles federal commercial tourism funding.

In the Tourism Services division, the respective services of ÖHT and OeKB for the Austrian tourism and leisure industry are bundled. The promotion products of the ÖHT range from cash grants to the assumption of liability to interest-supported loans. The OeKB offers financing for companies with a high proportion of foreigners staying overnight.

sustainability

The sustainability management of OeKB is after the EMAS regulation and to EN ISO 14001 certified. An annual report is compiled on the sustainability initiatives. Since 2003 this has been done in accordance with the criteria of the Global Reporting Initiative (GRI). This report is also considered the Advanced Level Progress Report for the UN Global Compact, which OeKB joined in 2007. The OeKB Audit berufundfamilie has been certified since 2006 . This is a process that involves employees and supports them in continuously developing the working environment and culture. In the sustainability report Tomorrow's Value compiled by UNEP and Standard & Poor's at the end of 2006 , OeKB ranks among the TOP 100 companies in the world in terms of sustainability and transparency . OeKB is regularly rated by specialized sustainability rating agencies and is one of the leading companies in its sector. In 2019, OeKB achieved 2nd place in the ESG rating from Sustainalytics and also led the group of international promotional and development banks.

In 2019, OeKB adopted a Sustainable Financing Framework with binding guidelines for issuing sustainable bonds and clear regulations for the use of the proceeds generated. OeKB issued the first sustainability bond in the amount of 500 million euros in October 2019.

See also

Web links

Individual evidence

  1. ↑ a b query for bank code 10000. In: SEPA payments directory of the Oesterreichische Nationalbank (OeNB) . (Requires browser reloading.)

Coordinates: 48 ° 12 '38.2 "  N , 16 ° 22' 2.2"  E