Wüstenrot Group (Austria)
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Wüstenrot is an international group of companies in the financial services sector and has its headquarters in Salzburg , Austria . The most important companies in the group are Wüstenrot Housing Industry , Wüstenrot Insurance AG and Bausparkasse Wüstenrot AG . Since 1993 the Wüstenrot Group has been continuously building up foreign building societies in East Central Europe.
Company history
The history of building society savings and loan associations in German-speaking countries goes back to the foundation of the building society for everyone in Bielefeld in 1885. The idea of continental home savings in its modern form was not developed by Georg Kropp until the beginning of the 1920s and led to the establishment of the Bausparkasse of the Friends of Wüstenrot in the small Swabian town of Wüstenrot near Heilbronn.
The spread of the building society savings concept in Austria started in Salzburg. In the course of a lecture by Siegfried Gmelin on November 30, 1925 in Salzburg, these ideas were also disseminated in Austria. In the same year, Gmelin founded the building society of the Friends of Wüstenrot, the first building society in Austria to be organized as a cooperative until 1997 . As early as 1926, the first private home co-financed by Wüstenrot was handed over in Hallein . Since 1930, Wüstenrot has been the only Austrian building society that does not have its headquarters in the federal capital Vienna. The first administration building was on Auerspergstrasse and was inaugurated on December 6th and 7th, 1930. At that time, the Bausparkasse had 12,000 savers with a contract sum of 211 million schillings.
In 1997, the banking operations were spun off from the cooperative building society to the new building society Wüstenrot AG, which was founded for this purpose. Many of the partnerships entered into with large credit institutions since 1969 have now led to equity investments in the new stock corporation . In 2004 the Bausparkasse Wüstenrot took over the LandesBausparkasse (LBA).
In November 1976 the subsidiary Wüstenrot Versicherungs-AG was founded. In 2001 there was a merger with Volksfürsorge-Jupiter Allgemeine Versicherungs-AG and the associated expansion of business activities to include property and casualty insurance . As a universal insurer, the company has been trading as Wüstenrot Versicherungs-AG ever since and has developed into one of the largest insurance companies in Austria to this day.
Today the Bausparkasse Wüstenrot and its former subsidiary operate under the joint umbrella of Wüstenrot Verwaltungs und Dienstleistungen GmbH . In Austria, Wüstenrot Bausparkasse and Wüstenrot Versicherungs-AG have 150 branches , which are mostly shared ; both companies are represented in Hungary , Croatia and Slovakia beyond the Austrian borders . The branches in the Czech Republic were taken over by the German Wüstenrot Group in 2015 and in return received the Slovak branches.
Wüstenrot housing industry reg. Gene. mbH
The Wüstenrot Housing Industry is a registered cooperative with limited liability, which is supported by the private foundation of the Friends of Wüstenrot . The shares amount to € 18.5 million. The private foundation holds 34,000 shares in the cooperative, 4,000 shares are held by two large cooperatives, the remaining shares are divided between 2.4 million individual members.
The purpose of the company is to support the members through residential measures such as the construction, procurement, maintenance and improvement of residential buildings, the acquisition of building land for residential purposes, measures to develop residential areas and advice in the field of residential construction.
Bausparkasse Wüstenrot AG
Bausparkasse Wüstenrot founded as a cooperative and was in the 1997 form of society converted to a public company. The board consists of Gen. Director Susanne Riess , Andreas Grünbichler and Gerald Hasler together, whose contracts were extended by the Supervisory Board until May 31, 2023. Erwin Mollnhuber's contract ended on May 31, 2018. Since it was founded, Wüstenrot Bausparkasse has financed around 1.5 million owner-occupied homes throughout Austria. The company currently has around 1.6 million customers and employs around 1,140 mostly permanent and partly freelance employees .
In 2005, the Austrian headquarters of Bausparkasse Wüstenrot in Salzburg was completely renovated and redesigned by the group of architects Trauner Strobl Bach Architekten for the 80th anniversary of its existence.
Wüstenrot Insurance AG
A subsidiary of Bausparkasse Wüstenrot was founded in November 1976, and Wüstenrot Versicherungs-AG is now a large universal insurer. In addition to life insurance , the product range also includes the areas of motor vehicle insurance , household and home ownership insurance , legal expenses insurance , liability insurance and business insurance as well as accident and private health insurance .
Web links
Footnotes
- ↑ Salzburg and German Wüstenrot swap holdings in Eastern Europe in the Salzburger Nachrichten of December 1, 2015, accessed on March 19, 2018.
- ↑ Upper Austrian news: Wüstenrot Group increased profit - organization reorganized . Article dated June 4, 2018, accessed June 22, 2018.
Coordinates: 47 ° 46 '55.3 " N , 13 ° 4' 0.2" E