Bank Austria

BA-CA's history goes as far back as 1855, the year the Creditanstalt was founded (see article on Creditanstalt).

In 1991, savings bank Zentralsparkasse und Kommerzialbank Wien and financially depressed, state-owned Österreichische Länderbank merged to form Bank Austria, by then the largest bank in the country. Current corporation was established in 1996 and German WestLB took a 9.1% share.[5] The same year, the government announced the privatization of Creditanstalt, of which it held a 51% stake. In January 1997 Bank Austria finally managed to buy the stake for about 1.25 billion euros. In turn, Bank Austria sold a majority stake in GiroCredit for 8.24 billion schillings (about 600 million euros) to Erste Bank. In February 1998, the state sold its last shares and the remaining shares on the market were exchanged with shares in Bank Austria, and Creditanstalt was delisted from the Vienna Stock Exchange.

In 2000, HVB Group took over Bank Austria through a share exchange procedure, and Bank Austria was delisted. An assets exchange procedure led to the transfert of HVB's assets in central and eastern Europe to Bank Austria, and reversely. In March 2003, Bank Austria's merger with CreditAnstalt being fully effective, and IPO was offered for the new BA-CA.

In June 2005 Italian group UniCredit disclosed the acquisition of Hypovereinsbank, along with BA-CA. Restructuring led to the creation of a new holding for BA-CA foreign assets in eastern Europe, the transformation of the Polish activity to a full affiliate, the shrinking of BA-CA per se to a smaller market, and the shrinking of HVB to the German market. In order to respect cartel restriction, BA-CA's affiliate Splitska banka had to be sold to Société Générale, for UniCredit already owned Zagrebačka banka, what management was transferred to BA-CA. BA-CA acquired Koç Finansal Hizmetler (Turkey), Zagrebačka banka (Croatia), Bulbank (Bulgaria), Živnostenska banka (Czech Republic), UniBanka (Slovakia) and UniCredit Romania from UniCredit in that operation.[6]

In 2006 BA-CA continued its expansion in Russia by acquiring remaining shares in International Moscow Bank and 100% of institutional business of Aton Capital - a Russian brokerage. [7] Moreover, Kazakh bank ATFBank was acquired in 2007.[8]

Since 31 March 2008, the bank has been operating under the brand name "Bank Austria" and has a new logo to show the connection to the UniCredit Group. It has the strongest capital base among the large banks in Austria, its Core Tier 1 ratio amounted to 10.55% and its Total Capital ratio to 12.7% as of 31 December 2011.

As of 2016 Bank Austria is managed by CEO Robert Zadrazil.

The Chairman is Erich Hampel.

Bank Austria has a long tradition of operations in central and eastern Europe. After outbreak of World War I, foreign affiliates of the Creditanstalt and the Länderbank had to be abandoned. In 1975 Creditanstalt became the first Western bank to open an office in Budapest. In 1997, the activities of Creditanstalt and Bank Austria in the region were brought under the umbrella of a new holding company, Bank Austria Creditanstalt International. It was expanded to all foreign activities, with the exception of the Russian banks, a year later.

A great deal of Bank Austria's turnover is made in central and eastern Europe. The UniCredit network in the region includes 3,800 offices in 19 countries and about 71,000 employees.

In September 2016 the CEE division was transferred to the parent company UniCredit S.p.A.

As of June 30, 2015 [9]

• Total Assets: €191,442 Million
• Earnings: €803 Million
• Return on Equity: 6.9%
• Workforce: 6,903 (Austria), 35,919 (Global)
• Offices: 225 (Austria), 1,585 (Global)

• Banking in Austria
• List of banks in Austria
• List of investors in Bernard L. Madoff Securities

• Official website