Schoellerbank
| Schoellerbank AG | |
|---|---|
|
|
| Country |
 Austria
|
| Seat | Vienna |
| legal form | Corporation |
| Bank code | 19200 |
| BIC | SCHOATWWXXX |
| founding | 1833 |
| Website | www.schoellerbank.at |
| Business data | |
| Total assets | 4.0 billion euros (end of 2015) |
| Employee | 331 |
| Offices | 10 |
| management | |
| Board | Dieter Hengl |
The Schoellerbank AG is an Austrian private bank with headquarters in Vienna .
history
Founding time (1833-1896)
The bank and wholesale company Schoeller was founded in Vienna on July 20, 1833 by Alexander von Schoeller , a member of the German entrepreneurial family Schoeller active in Austria. Since private banking was not yet developed at that time - the joint stock banks only emerged from the middle of the 19th century - the wholesalers also took care of the financial transactions and the financing of the exchange transactions. In the Schoeller wholesale business, banking was carried out from the start, initially for its own purposes and its own operations, but soon also for third parties. Since its foundation, the bank account has been the heart of the trading company's operations. With the profits from his banking business, Alexander von Schoeller was able to start his industrial activities and finance investments in industrial holdings.
Fin de Siècle boom (1896–1914)
Around 1900, the company's banking division also prospered as part of the wholesale house. As before, the main task of the banking department was to handle the financing of industrial companies, the group’s trade relations and payment transactions. A few years before the First World War , in addition to trading, custody and financing of securities, Bankhaus Schoeller was also very active in IPOs and capital increases by stock corporations on the Vienna Stock Exchange .
First World War (1914-1918)
The role of the Schoeller bank during the war was varied. Since the house was in relatively good economic shape until 1917, a lot of money was spent on relief measures. By 1917 almost a million crowns had been donated for various purposes. Among other things, money flowed to the Red Cross , the feed for workers in large companies, the sanctuary of the railway workers and for the support of interned Austrian prisoners of war.
First Republic (1918–1938)
The end of the First World War and the collapse of the monarchy were very difficult times for the bank and wholesale company Schoeller. The group and the industrial holdings were always oriented towards the overall monarchy and the internal market was divided into a number of protectionist countries. Bankhaus Schoeller also had to struggle with hyperinflation in the early 1920s. However, after the introduction of the shilling currency on January 1, 1925, a balance sheet line could be drawn through the opening gold balance sheet law. During the banking crisis of the early 1930s, the Schoeller bank was able to meet all of its obligations to other institutions and survived this difficult period unscathed.
Third Reich (1938–1945)
The wholesale business, which had been very important until the end of the Danube Monarchy , could no longer be carried out under the National Socialist Banking Act since 1938. Schoeller & Co therefore began to consolidate and later expand its industrial leadership position in the so-called Ostmark in order to secure the continued existence of Austrian industry. When the battle of Vienna was fought in mid-April 1945 , the Red Army occupied the city and public administration was subsequently imposed on the bank, which was suspended on April 1, 1948.
Second Republic (since 1945)
After the war, the bank had to change its business policy because the business partners in Germany were temporarily incapable of acting, there was strict foreign exchange control and all business relationships with the countries behind the Iron Curtain were interrupted. In the 1960s, Schoellerbank gradually developed into a universal bank and recorded an enormous increase in business. Due to a change in the Austrian Banking Act at the end of the 1970s, the legal form of the bank was changed to a stock corporation , whereupon the Schoeller family separated from the majority shares in the bank. These were sold to the Raiffeisen Zentralbank . Schoeller Münzhandel , a trading company for classic and modern numismatics and precious metal investment products based in Vienna , was founded in 1989 through the spin-off of the numismatic division . Schoellerbank itself was sold to Bayerische Vereinsbank AG in 1992 and merged in 1998 with the Salzburger Kredit- und Wechsel-Bank (SKWB for short) to form SKWB Schoellerbank. The background to this was the merger of the two parent institutes to form HypoVereinsbank . In 2000, Bank Austria Creditanstalt (BA-CA for short) was taken over by HypoVereinsbank. In 2001, the corporate and real estate customer business was transferred to the parent company at the time, BA-CA . Since then, Schoellerbank has concentrated on private banking, the bank's traditional core business. In 2003 the company name was changed from SKWB Schoellerbank to Schoellerbank AG. In 2005, HypoVereinsbank is taken over by UniCredit ; Schoellerbank, as a subsidiary of Bank Austria , was integrated into UniCredit's “ Private Banking ” division.
Current situation
As a wholly owned subsidiary of Bank Austria, Schoellerbank is one of Austria's leading private banks. It is part of UniCredit's “ Private Banking ” division and focuses on the core competencies of investment advice, asset management and pension management. Client assets under management amounted to more than 11 billion euros at the end of 2016. Schoellerbank has around 20,800 private customers, corporate customers and institutional investors. It has ten locations and thus reaches practically the whole of Germany.
Schoellerbank focuses on the care of
- wealthy private clients,
- Corporate clients and
- institutional customers (foundations, chambers, etc.).
The general investment strategy of Schoellerbank is "Invest instead of speculating" and more conservative forms of investment are preferred. The main focus is therefore on long-term capital preservation. The company's own fund company, Schoellerbank Invest AG, is integrated into the bank's business activities and currently manages a volume of 4 billion euros, spread over 36 public and special funds.
Awards
Schoellerbank is a nationally and internationally recognized and multiple award-winning private banking house and has been named the best private bank in Austria and the German-speaking area several times (Elite Report of the Handelsblatt, DerBörsianer, Magazin Global Finance, Deutsche WirtschaftsWoche).
Sponsorship
As a private bank, Schoellerbank has a long tradition of sponsoring art and culture. The Vienna State Opera , the Vienna Musikverein , “ Live Music Now Austria”, the Schauspielhaus Salzburg and the Kunstverein Bregenz are supported.
literature
- Heinrich Benedikt : Alexander von Schoeller, 1805–1886. A picture of life. For the 125th anniversary of Schoeller & Co., Vienna . Spies, Vienna 1958
Web links
Individual evidence
- ↑ a b query for bank code 19200. In: SEPA payment transactions directory of the Oesterreichische Nationalbank (OeNB) . (Requires browser reloading.)
- ↑ https://www.schoellerbank.at/de/kontakte/vorstaende/vorstand-dieter-hengl
Coordinates: 48 ° 12 '44.5 " N , 16 ° 21' 59.8" E