Volksbank Upper Austria

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Volksbank Oberösterreich AG
Country AustriaAustria Austria
Seat Pfarrgasse 5, 4600 Wels
legal form Corporation
Bank code 44800
BIC VBWEAT2WXXX
founding 2015
Association Austrian Cooperative Association
Website Volksbank Upper Austria
Business data 2019
Total assets EUR 2,404 million
Employee 443
Offices 26th
management
Board Richard Ecker (Chairman)
Supervisory board Josef Steinböck (Chairman)
Corporate management

Richard Ecker
Andreas Pirkelbauer

The People's Bank Upper Austria AG is an Austrian regional bank based in the city of Wels . The shareholders are some Volksbank cooperatives. The institute employs around 440 people at over 25 locations. The branch network is entirely located in Upper Austria .

history

Volksbank Upper Austria

Volksbank Oberösterreich has existed under this name since autumn 2015, when, as part of the Austria-wide restructuring of the sector, the creation of "Bundesländer Volksbanken" and thus the merger of most of the Upper Austrian cooperatives into one Volksbank Oberösterreich began. The legal form of a stock corporation was chosen, whereby the shareholders are some Volksbank cooperatives. A number of predecessor institutes were founded before the First World War (1914), so the Volksbank or the " Hermann Schulze-Delitzsch cooperative system " has been represented in Upper Austria for over 100 years. The number of branches changed from 27 to 26 in 2019/2020.

Former individual institutes

Today's Volksbank Oberösterreich (VB OÖ) has incorporated the following institutes over the years:

  • Volksbank Linz-Wels-Mühlviertel (founded 2010)
    • Volksbank Wels (founded in 1912 as Welser Gewerbekasse , renamed in 1921 to Welser Handels- und Gewerbekasse , 1971 to Volksbank Wels )
    • Volksbank Linz-Mühlviertel
  • Volksbank Schärding-Altheim-Braunau eG (founded in 2014, merged into VB OÖ 2015)
    • Volksbank Schärding
    • Volksbank Altheim-Braunau
  • Volksbank Ried im Innkreis eG (founded in 1911, merged into VB OÖ 2015)
  • Volksbank Eferding-Grieskirchen (merger into VB OÖ 2016)
  • Volksbank Vöcklabruck-Gmunden e.Gen (merger into VB OÖ 2016)
    • Handels- und Gewerbebank ("HaGe-Bank") Vöcklabruck (founded in 1914 as a commercial and industrial bank for Vöcklabruck and the surrounding area, renamed Volksbank Vöcklabruck in 1943, renamed Handels- und Gewerbebank Vöcklabruck in 1955).
    • Volksbank Traunsee (1998 merger of HaGe-Bank with Volksbank Traunsee with renaming to Hagebank-Volksbank Vöcklabruck-Traunsee, 2007 renaming to Volksbank Vöcklabruck-Gmunden)
  • Volksbank Bad Hall (merged into VB OÖ 2017)
  • Volksbank Almtal (with the special feature that the bank branches were sold to Volksbank Oberösterreich in 2017, but the cooperative did not merge)

Economic data

Locations

Branches

Volksbank Oberösterreich has 26 branches, all of which are located in the federal state of Upper Austria.

Company headquarters in Wels

The bank headquarters is in Wels. The building in Welser Pfarrgasse was originally built in 1968–1971 as the headquarters of Volksbank Wels. Demolition began in autumn 2000 and today's new building, designed according to plans by the architect Hanno Schlögl, was opened in July 2002. When Volksbank Oberösterreich was created, Wels was chosen as the company's headquarters.

Balance sheet data

The balance sheet total for 2018 and 2019 was just over 2.4 billion euros each. The EGT 2018 was reported at 19.5 million euros, the EGT 2019 at 9.46 million euros. The business volume in 2019 was 4.8 billion euros. More than 109,500 customers were named. The number of employees for 2019 was given as 443 (actual) or 321 (so-called “full-time equivalent”).

Cooperative bank

The Volksbank Cooperative

There is a marketing presence as the Volksbank Group , regardless of this all cooperative banks are legally independent and form the Volksbank primary level . The banks are owned by their cooperative members , who signed a corresponding business share when they joined. The basic idea behind the cooperative movement was the idea of ​​helping people to help themselves, according to Schulze-Delitzsch:

"What you cannot do on your own, connect with others who want the same."

The legal organs of a Volksbanken-Genossenschaft are the (full-time) executive board, the supervisory board and the general assembly, the latter is the assembly of the cooperative members and thus the highest decision-making body according to the Austrian cooperative law.

Volksbank Oberösterreich Aktiengesellschaft

The shareholders of Volksbank Oberösterreich AG are as follows:

  • VB Oberösterreich Holding eG with 79.64% share (based in Schärding)
  • VB Ried im Innkreis Verwaltungsgenossenschaft eG with a 10.10% stake
  • VB Bad Hall Verwaltungsgenossenschaft eG with 8.39% share
  • Volksbank Wien AG with 1.87% stake

The Volksbanks in Upper Austria

In the course of the Austria-wide restructuring of the Volksbank sector, most of the Volksbank cooperatives in the state of Upper Austria have merged into the Volksbank of the same name. Volksbank Strasswalchen-Vöcklamarkt-Mondsee, which focuses on the political districts of Braunau am Inn and Vöcklabruck , merged with Volksbank Salzburg. Volksbank Bad Goisern , active in the judicial district of Bad Ischl , with its 5 branches in the Inner Salzkammergut , also merged with the Salzburg cooperative. Volksbank in Bad Ischl has been a branch of Volksbank Salzburg since 1988 .

Web links

Individual evidence

  1. ↑ a b query for bank code 44800. In: SEPA payment transactions directory of the Oesterreichische Nationalbank (OeNB) . (Requires browser reloading.)
  2. ↑ Annual Report 2019 of Volksbank Oberösterreich (pdf)
  3. ↑ a b Commercial Register of the Republic of Austria (Ed.): Excerpt from the Commercial Register of July 27, 2020 with search term: "Volksbank Oberösterreich" . Economic Compass, Vienna 2020, p. 1-8 .
  4. ↑ Volksbank Oberösterreich increases its traditional banking business in 2019. Oberösterreichische Nachrichten, March 7, 2020, accessed on August 1, 2020 .
  5. ↑ After the problem year 2015, Volksbank managed to reverse the trend. Oberösterreichische Nachrichten, September 8, 2017, accessed on November 26, 2018 .
  6. ^ Annual report of Volksbank Oberösterreich 2019 (pdf). (PDF) Volksbank Oberösterreich, May 1, 2020, accessed on August 1, 2020 .
  7. ^ Association of Volksbanks. Austrian Cooperative Association (Schulze-Delitzsch), March 25, 2018, accessed on December 1, 2018 .
  8. ↑ legal form of the cooperative. Austrian Cooperative Association (Schulze-Delitzsch), March 25, 2018, accessed on December 1, 2018 .
  9. ^ Volksbank Friedburg-Strasswalchen and Vöcklamarkt-Mondsee plan to merge. Salzi. News from the Salzkammergut, July 4, 2013, accessed on November 18, 2018 .
  10. ↑ Volksbank merges to become a regional bank. ORF. Austrian radio. Landesstudio Salzburg, November 11, 2014, accessed on November 26, 2018 .