Top 6 Largest Financial Service Companies in Austria
In this post, let's examine some of the largest financial services companies in Austria, ranked by market capitalization. Go directly to other related articles ... read more...on Toplist if you want to see more of the largest financial companies in other regions ranked by market capitalization.
-
15.7 million customers are served by Erste Group Bank AG (Erste Group), an Austrian financial services firm with more than 2,700 branches in seven nations in Central and Eastern Europe. In Leopoldstadt, a suburb of Vienna, the Erste Group was established in October 1819 as the Erste österreichische Spar-Casse. The corporation began a significant expansion into Central and Eastern Europe after the fall of communism, and by 2008 it had purchased 10 banks. It became public in 1997, and currently the business is listed on the stock exchanges in Vienna, Prague, and Bucharest. It is also a part of the CEETX, ATX, and PX indices.
Erste Group Bank's market capitalization as of April 2023 is $13.64 billion. By market cap, this places Erste Group Bank as the 1172nd most valuable corporation in the world. The company's current revenue (TTM) is $8.94 billion, according to the most recent financial filings from Erste Group Bank. The company generated $8.84 billion in revenue in 2021, an increase from $8.35 billion in revenue in 2020.
Founded: 9 August 2008
Headquarters: Vienna, AustriaWebsite: www.erstegroup.com
-
An integral part of the Austrian banking organization Raiffeisen Banking Group is Raiffeisen Bank International (RBI) (RBG). The bank is listed on the Vienna Stock Market, and the principal owners are the regional banks of RBG. Raiffeisen Bank International, once a division of Raiffeisen Zentralbank, has a banking network that is primarily in Central and Eastern Europe; however, it also maintains operations in Western Europe.
Prior to their reverse merger into a single business in March 2017, RBI and Raiffeisen Zentralbank (RZB Group) were both subsidiaries of the former. The bank was one of the 126 banking groups that the European Central Bank oversaw because of its size.The market capitalization of Raiffeisen Bank International as of April 2023 is $5.02 billion. By market cap, this places Raiffeisen Bank International as the 2381st most valuable corporation in the world. The most recent financial reports from Raiffeisen Bank International show that the company's current revenue (TTM) is $10.07 billion. The company generated $6.55 billion in revenue in 2021, an increase from $6.06 billion in revenue in 2020.
Founded: 16 August 1927
Headquarters: Vienna, Austria
Website: rbinternational.com -
Regional bank Oberbank AG is a member of the 3-Banken-Gruppe and has its headquarters in Linz. The long-established Linz shipmaster family Scheibenpogen's commercial enterprise served as the foundation for the bank's development during the course of the 17th century. Hence, the bank has been around since about 1650.
It was known as J. M. Scheibenpogens Eidam in the 19th century when it was acquired by Josef Planck, the Eidam (son-in-law) of the previous mayor of Linz, Johann Michael Scheibenpogen (II). In 1869, the private bank became the "Bank für Oberösterreich und Salzburg," a public limited company, thanks to Josef Planck's 1844 ancestors, Planck von Planckburg.
Oberbank's market capitalization as of April 2023 was $4.25 billion. By market cap, this places Oberbank as the 2629th most valuable corporation in the world. The most recent financial reports from Oberbank indicate that the company's current revenue (TTM) is $0.61 billion. The company generated $0.66 billion in revenue in 2021, an increase from $0.63 billion in revenue in 2020.
Founded: 1 July 1869
Headquarters: Linz, Upper Austria, Austria
Website: www.oberbank.at -
Austrian bank BAWAG was established in 1922 and stands for Bank für Arbeit und Wirtschaft in German. It merged with the independent Austrian Postsparkasse (P.S.K.) on October 1, 2005, to create the "Bank für Arbeit und Wirtschaft und sterreichische Postsparkasse AG," also known as BAWAG P.S.K. The holding company of BAWAG P.S.K., BAWAG Group AG, was admitted to the Vienna Stock Exchange in October 2017. The two biggest owners are T. Rowe Price (5.6%) and GoldenTree Asset Management (21.8%).
GB made the decision to sell its whole ownership in BAWAG in March 2006 because that shareholder was also having financial issues. In the end, Cerberus won out over rivals Bayerische Landesbank, Allianz, and Lone Star Funds in December 2006, acquiring 90% of BAWAG for €3.2 billion. The Wüstenrot-Gruppe (1%), Generali (2%–3%), the Austrian Post (5%), and Hannes Androsch are other stockholders.
BAWAG Group's market capitalization as of April 2023 is $4.08 billion. By market cap, this places BAWAG Group as the 2687th most valuable company in the world. The most recent financial reports from BAWAG Group indicate that the company's current revenue (TTM) is $1.42 billion. The company generated $1.41 billion in revenue in 2018, an increase from $1.25 billion in 2017.
Founded: 1922
Headquarters: Vienna, Austria
Website: www.bawagpsk.com -
Sustainable practices and responsible behavior are becoming more and more crucial. BTV conducts itself with consideration, decency, honesty, and handshake quality. Future generations will benefit as social, economic, and ecological challenges are addressed. At BTV, the emphasis is on building trust-based, long-term customer relationships. BTV has always supported business and private customers' projects with its knowledge and experience.
regional Austrian bank Bank für Tirol und Vorarlberg has its main office in Innsbruck. The bank is a publicly traded company in Austria. Together, they make up the so-called 3-Bank Group, a loose corporate alliance of financial institutions, along with Oberbank AG and BKS Bank AG. Although they are totally independent and politically independent, they are both invested in the capital of the other banks.
The market capitalization of Bank für Tirol und Vorarlberg as of April 2023 is $1.68 billion. By market cap, this places Bank für Tirol und Vorarlberg as the 3976th most valuable corporation in the world. The most recent financial reports from Bank für Tirol und Vorarlberg show that the company's current revenue (TTM) is $0.35 billion. The company generated $0.30 billion in revenue in 2021, down from $0.34 billion in 2020.
Founded: April 8, 1904
Headquarters: Innsbruck, Austria
Website: https://btv.at/ -
The Alps-Adriatic region is home to the extensive cross-border operations of the Austrian banking firm Addiko Bank. Slovenia, Croatia, Bosnia and Herzegovina, Serbia, and Montenegro are all places where the group is active. The bank, which is currently owned by Austrian Anadi Bank, a different bank that was spun off from Hypo Alpe-Adria-Bank International AG, did not, however, have a banking license in Austria.
Addiko Bank was one of Hypo Alpe-Adria-Bank International AG's branches in the Balkans, which in the 1990s had a rapid expansion into the Alps-to-Adriatic region. Since taking over Auro Bank Mostar in 2001, which afterwards went by the name of Hypo Alpe-Adria-Bank d.d., Mostar, Hypo Alpe Adria has been active in the Bosnia and Herzegovina (BiH) market. The next year, Hypo Alpe Adria acquired Kristal Bank Banja Luka, which had been doing business as Hypo Alpe-Adria-Bank a.d., Banja Luka, since 2003.
The market capitalization of Addiko Bank as of April 2023 was $0.30 billion. By market cap, this places Addiko Bank as the 5783rd most valuable corporation in the entire world. The most recent financial reports from Addiko Bank indicate that the company's current revenue (TTM) is $0.28 billion. The company's revenue in 2021 was $0.28 billion, down from $0.30 billion in 2020.
Founded: 2016
Headquarters: Vienna, Austria
Website: https://www.addiko.com/