Sparda-Bank Austria
| SPARDA-BANK AUSTRIA A brand of Volksbank Wien |
|
|---|---|
|
|
| Country |
 Austria
|
| Seat | Linz |
| legal form | Sales brand of Volksbank Wien AG |
| founding | Aug 26, 1938 (Villach) Sept. 1, 1938 (Linz) March 21, 2016 (merger) August 19, 2017 (merger with Volksbank) |
| Website | www.sparda.at |
| Business data | |
| Offices | 27 |
The Sparda Bank Austria was until 2017 an Austrian cooperative bank in cooperation with the Volksbank Group and has since become a sales division of Volksbank Wien . The core strategy is the concentration on the pure private customer business and the highly favored account management for customers who are ready to become members of the cooperative.
First of all, the name Sparda ( proper spelling : SPARDA ) is also used by some branches of BAWAG PSK . These are the branches of the former Sparda Wien, which was also a cooperative until 1985, but was then converted into an AG and taken over by BAWAG. This was merged with BAWAG in 2009, which in the meantime had also been bought by PSK.
In 2017, Sparda Austria merged with Volksbank Wien. The previous Sparda Austria has since appeared as SPARDA-BANK, a brand of Volksbank Wien .
Sparda stands for savings and loan fund .
Sparda cooperative system
The Schulze-Delitzsch system forms the basis of the Sparda cooperatives. The aim of this system is for the bank to be the property of all of its customers and for them to have a promotional mandate. For this purpose, each customer should subscribe at least one share (in a sense a kind of share with a fixed price that cannot be traded) in the cooperative, which makes this system fundamentally different from the Raiffeisen system, in which the customer base and cooperative members are not identical. In the Sparda cooperative system, the business share is an amount specified in the articles of association or the terms and conditions. In the case of Sparda-Bank Austria, that's 75 euros. Customers who hold a share in the business and are thus members of the cooperative are offered banking services at greatly reduced rates. This can e.g. B. be a free checking account. The system also provides that the shareholders, i.e. the members, can be paid a dividend.
history
In 1868 the savings and advance payment consortium for the K&K Südbahn was founded in Austria , which mainly helped railroad workers in need. Unlike in Germany, this Austrian railway bank did not survive the First World War .
After Austria was annexed to the German Reich in 1938, the former BBÖ (Austrian Federal Railways) were incorporated into the Deutsche Reichsbahn . In the same year the instruction came from Berlin that a railway cooperative bank was to be established for each railway management district. For Austria there were one in Vienna, one in Linz and one in Villach.
Until 1966 there was a close organizational connection between the Linz and Vienna cooperatives. However, in 1985 the Wiener Sparda was converted into a stock corporation. Its sole owner was ultimately BAWAG PSK , with which it was merged in 2009.
Austrian Sparda cooperative banks until the merger in 2016
Up to and including March 20, 2016, the two remaining Austrian Sparda cooperative banks were two legally independent cooperatives that were merged on March 21, 2016. For this purpose, the brand identity was standardized in 2015. The merger became necessary because the two Sparda banks participate in the new Volksbank-Haftungsverbund, which is only allowed to allow two specialist banks apart from the regional Volksbanks, one of which is the merged Sparda.
The merger was registered with the Federal Competition Authority (BWB) in December 2015 , and more detailed plans for the merger were announced to the public from mid-January 2016.
Sparda-Bank Austria Nord
| Sparda-Bank Austria Nord eGen | |
|---|---|
| Country |
Austria
|
| Seat | Linz |
| legal form | cooperative |
| founding | September 1, 1938 |
| Website | www.diesparda.at |
| Business data 2011 | |
| Total assets | 369.1 million euros |
| Offices | 16 |
| management | |
| Board | Reinhard Elsigan (Chairman) Alexander Lanzinger (Deputy Chairman) |
| Supervisory board | Walter Androschin (Chairman) † October 3, 2013 Karl Kreuzer (Deputy Chairman) |
| Corporate management |
Otto Burger |
Sparda-Bank Austria Nord recently had 16 branches in Upper Austria and Salzburg as well as one in Styria and one in Lower Austria , although the expansion of the branch network did not begin until 1977. The bank was under the management of the two managing directors Otto Burger and Wolfgang Ehrengruber.
As of December 31, 2008, the bank had total assets of EUR 322.9 million (2007: EUR 293 million). The savings deposits amounted to 273.4 million euros (2007: 247.8 million euros) and the bank had granted loans amounting to 101.7 million euros (2007: 97.1 million euros). The creditable own funds according to the Banking Act in the amount of 16.6 million euros correspond to 13.1% of the notional assessment basis for the total risk. The equity base was therefore well above the legal requirement of 8% (10.1 million euros).
Sparda-Bank Austria South
| SPARDA-BANK AUSTRIA Süd eGen | |
|---|---|
| Country |
Austria
|
| Seat | Villach |
| legal form | cooperative |
| founding | August 26, 1938 |
| Website | www.sparda.at |
| Business data | |
| Total assets | 422.9 million |
| insoles | 373.1 million |
| Customer credit | 195.0 million |
| Employee | 128 |
| Offices | 12 |
| Members | 44,437 |
| management | |
| Board | Manfred Kempfer (Chairman) Michael Staber (Deputy Chairman) |
| Supervisory board | Josef Tischler (Chairman) Ferdinand Vouk (Deputy Chairman) |
| Corporate management |
Carl court judge |
On December 18, 2013, Sparda-Bank Austria Süd opened its first branch in Vienna on the Praterstern in 1020 Vienna. Most recently it had 12 branches in Vorarlberg, Tyrol, Carinthia, Styria and Vienna / Lower Austria. The company headquarters was in Villach. On the occasion of its 75th anniversary, Sparda-Bank Austria Süd was awarded the Villach city coat of arms in 2013 by the mayor of Villach.
The balance sheet total as of December 31, 2013 was EUR 422.9 million. As of December 31, 2013, a total of 44,437 members were looked after by 128 employees in their business area. The members were able to save a total of around 3.7 million euros in 2013 thanks to the greatly reduced account management.
Sparda-Bank Vienna
The originally wholly owned subsidiary of BAWAG PSK , which, unlike the other two Sparda banks, was run in the legal form of a stock corporation , had recently announced total assets of 140 million euros. In January 2009 the merger with BAWAG PSK took place
Name changes
Vienna
| time | new name |
|---|---|
| 1938 (founded) | Reichsbahn-Spar- und Kreditskasse Wien rGmbH |
| 1985 (conversion to AG) | Sparda Bank AG |
Linz
| time | new name |
|---|---|
| September 1, 1938 (founded) | Reichsbahn-Spar- und Kreditskasse Linz rGmbH |
| February 4, 1946 | Railway savings and loan fund Linz |
| ? | Sparda-Bank Linz reg.Gen.mbH |
| December 2013 | Sparda-Bank Austria Nord eGen |
Villach
| time | new name |
|---|---|
| August 26, 1938 (established) | Reichsbahn-Spar- und Kreditkasse Villach rGmbH |
| April 21, 1941 | Reichsbahnsparkasse Villach |
| June 27, 1950 | Railway savings and loan fund Villach |
| ? | Sparda Villach Savings and Loan Fund of Austrian Railway Employees reg. Gen.mbH |
| August 30, 1984 | Sparda Villach / Innsbruck Savings and Loan Fund of Austrian Railway Employees reg. Gen.mbH |
| ? | Sparda-Bank Villach / Innsbruck reg. Gene. mbH |
| December 13, 2013 | Sparda-Bank Austria Süd eGen |
Merged Sparda
| time | new name |
|---|---|
| March 21, 2016 | Sparda-Bank Austria eGen |
Sparda-Bank Austria from 2016
Sparda-Bank Austria since merger in 2016
On March 21, 2016, Sparda-Bank Austria Nord eGen was merged into Sparda-Bank Austria Süd eGen. The necessary resolution to merge Sparda-Bank Austria Nord eGen as the transferring cooperative with Sparda-Bank Austria Süd eGen as the acquiring cooperative to form Sparda-Bank Austria eGen was passed at the extraordinary general assembly on January 22, 2016. The technical merger took place on March 19 and 20, 2016. Both headquarters, in Villach and Linz, have been preserved, but the new official headquarters of the Linz cooperative are. The common bank code and the common SWIFT / BIC come from the former Sparda-Bank Austria Süd eGen. The previous co-operative share for members will be increased from 15 euros (north) or 50 euros (south) to a uniform 75 euros in order to improve the equity ratio. If members already hold more than one share in the cooperative, the shares that are not subject to mandatory subscription are usually used to top up the minimum share of EUR 75, although each individual case is checked, as it is relevant for what purpose the shares in the cooperative were originally subscribed. Strategically, the new Sparda-Bank Austria focuses primarily on online business. In the course of the merger, a reduction in staff and man-hours is also planned, but this should not take place through dismissals, but rather through retirement and individual working hours reduction in order to proceed in a socially acceptable manner. Changes in the ownership structure are planned, but not yet implemented.
Sparda-Bank Austria as a brand of Volksbank Wien from 2017
In August 2017, the previous Sparda-Bank Austria merged with Volksbank Wien AG. The branches were renamed SPARDA-BANK, a brand of Volksbank Wien . The Sparda-Bank therefore no longer has its own bank code (BIC), but uses the institute data of Volksbank Wien (43000 or VBOEATWW).
See also
Web links
- Sparda Bank Linz or North
- Sparda Bank Villach or South
- Joint portal of SPARDA South and North
- Sparda Bank Wien, brand of BAWAG PSK
Remarks
- ↑ The name "Villach / Innsbruck" was originally derived from the former railway directorate (Villach was the directorate for Carinthia and Styria, Innsbruck for Tyrol and Vorarlberg).
Individual evidence
- ↑ a b Merger of SPARDA-BANK AUSTRIA with VOLKSBANK WIEN AG successfully implemented. Volksbank Wien AG, August 21, 2017, accessed on May 5, 2018 .
- ↑ Sparda banks in Linz and Villach merge | Tiroler Tageszeitung online - news from now! In: Tiroler Tageszeitung Online. December 14, 2015, accessed March 18, 2020 .
- ↑ More volume, but fewer jobs: Sparda Bank Villach merges with Linz | meinviertel.at. In: my WEEK. January 19, 2016, accessed February 2, 2016 .
- ↑ Annual report of Sparda-Bank Linz 2011 (PDF file; 1.6 MB)
- ↑ History of the Sparda-Bank Linz ( Memento of the original from September 6, 2014 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. Homepage of Sparda-Bank Austria Nord, accessed on September 6, 2014
- ↑ - ( Memento of the original February 5, 2016 Internet Archive ) Info: The archive link is automatically inserted and not yet tested. Please check the original and archive link according to the instructions and then remove this notice.
- ↑ - ( Memento of the original from November 4, 2016 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
- ↑ http://www.kleinezeitung.at/steiermark/5046469/Wirtschaft_Hessen-stieg-bei-SpardaBank-ein
- ↑ http://fnp.de/nachrichten/wirtschaft/Sparda-Bank- geht- nach- Wien; art686,2195207
- ↑ http://www.fnp.de/nachrichten/wirtschaft/Weniger-Baukredite-bei-Sparda-Bank-Hessen;art686,2444300
- ↑ Imprint. Sparda-Bank A brand of Volksbank Wien AG. (No longer available online.) Volksbank Wien AG, August 21, 2017, formerly in the original ; accessed on May 5, 2018 . ( Page no longer available , search in web archives ) Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice.
Coordinates: 46 ° 37 '2.7 " N , 13 ° 50' 52.1" E