|
Banks Of Austria
This article is intended to give an overview of banking in Austria. Banking system Regulations Since the introduction of the Kreditwesensgesetz (KWG) in 1979, the boundaries between the various types of credit institutions have gradually become blurred. Many banks have developed into universal banks offering a comprehensive range of banking services. Prior to the 1979 KWG, the Austrian banking system was still governed by the Kreditwesengesetz, which had been in force since October 1, 1938 in Nazi Germany and the associated Austria. The 1979 KWG was created as a result of the increasing liberalization of the banking system and the general trend towards universal banks. The rapid growth and increased activity of Austrian banks abroad made it necessary to adapt to international standards, which was regulated in the 1986 amendment to the law. On January 1, 1994, the KWG was replaced by the new Banking Act (Bankwesensgesetz- BWG), which was drafted in view of EU conformity and also c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oesterreichische Nationalbank
The Oesterreichische Nationalbank (OeNB) is the central bank of Austria and, as such, an integral part of both the European System of Central Banks (ESCB) and the Eurozone. It started operations on , replacing the Austro-Hungarian Bank of which it adopted the original name at its creation in 1816 (german: privilegirte oesterreichische National-Bank). In the public interest, the Oesterreichische Nationalbank contributes to monetary and economic policy decision-making in Austria and in the Euro area. In line with the Federal Act on the Oesterreichische Nationalbank, the OeNB is a stock corporation. Given its status as a central bank, it is, however, governed by a number of special provisions, as laid down in the Nationalbank Act. The OeNB's capital totals €12 million and is held by a sole shareholder, the federal government. The shareholder rights of the federal government are exercised by the Minister of Finance. Since May 2010, this capital is entirely held by the Austria ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hello Bank!
Hello bank! is a digital direct bank owned by BNP Paribas that started operations in 2013. The bank operates in France, Belgium, Germany (using the name Consorsbank), Italy, the Czech Republic and Austria. BNP Paribas has claimed that it is "the first 100% digital mobile bank in Europe". History The project was first discussed in 2012 and the bank was launched in Belgium and Germany on 16 May 2013, in France on 17 June 2013 and in Italy on 28 October 2013. On 13 February 2014 the bank announced that they had reached 177,000 customers at the end of 2013. At the end of 2014 the customers in Germany, Belgium, France and Italy reached 791,000. Hello bank! launched in Austria on 1 August 2015. At the end of 2015 the customers of Hello bank! in all 5 markets reached 2.4 million. At the end of 2016 Hello bank! had 2.5 million customers across its 5 markets, with more than 1.5 million in Germany and 480 thousand in Belgium. In May 2017 Czech BNP Paribas Personal Finance SA, o.z. a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Austrian Traded Index
The Austrian Traded Index (ATX) is the most important stock market index of the Wiener Börse. The ATX is, like most European indices, defined as a price index and currently consists of 20 stocks. Annual Returns The following table shows the annual development of the Austrian Traded Index since 1985. Components As of March 2021, the index includes the following companies. Companies Removed Since 2011, the following companies have been removed from the ATX: *Vienna International Airport *Strabag *Bwin *Intercell * Semperit * AMAG Austria Metall *Telekom Austria A1 Telekom Austria Group is a provider of a range of fixed-line, broadband Internet, multimedia services, data, and IT systems, wholesale as well as mobile payment services. It is a subsidiary of Mexican telecommunications conglomerate América M ... * FACC Performance and year-end values The ATX closed the year of 2018 at 2.745,78. In 2015, the Austrian Traded Index closed at 2.396,94 (Dec 30, 2015). The previo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
World War I
World War I (28 July 1914 11 November 1918), often abbreviated as WWI, was one of the deadliest global conflicts in history. Belligerents included much of Europe, the Russian Empire, the United States, and the Ottoman Empire, with fighting occurring throughout Europe, the Middle East, Africa, the Pacific, and parts of Asia. An estimated 9 million soldiers were killed in combat, plus another 23 million wounded, while 5 million civilians died as a result of military action, hunger, and disease. Millions more died in genocides within the Ottoman Empire and in the 1918 influenza pandemic, which was exacerbated by the movement of combatants during the war. Prior to 1914, the European great powers were divided between the Triple Entente (comprising France, Russia, and Britain) and the Triple Alliance (containing Germany, Austria-Hungary, and Italy). Tensions in the Balkans came to a head on 28 June 1914, following the assassination of Archduke Franz Ferdin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stock Exchange
A stock exchange, securities exchange, or bourse is an exchange where stockbrokers and traders can buy and sell securities, such as shares of stock, bonds and other financial instruments. Stock exchanges may also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividends. Securities traded on a stock exchange include stock issued by listed companies, unit trusts, derivatives, pooled investment products and bonds. Stock exchanges often function as "continuous auction" markets with buyers and sellers consummating transactions via open outcry at a central location such as the floor of the exchange or by using an electronic trading platform. To be able to trade a security on a certain stock exchange, the security must be listed there. Usually, there is a central location for record keeping, but trade is increasingly less linked to a physical place as modern markets use electronic communic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Maria Theresa
Maria Theresa Walburga Amalia Christina (german: Maria Theresia; 13 May 1717 – 29 November 1780) was ruler of the Habsburg dominions from 1740 until her death in 1780, and the only woman to hold the position ''suo jure'' (in her own right). She was the sovereign of Austria, Hungary, Croatia, Bohemia, Transylvania, Mantua, Milan, Lodomeria and Galicia, the Austrian Netherlands, and Parma. By marriage, she was Duchess of Lorraine, Grand Duchess of Tuscany and Holy Roman Empress. Maria Theresa started her 40-year reign when her father, Emperor Charles VI, died on 20 October 1740. Charles VI paved the way for her accession with the Pragmatic Sanction of 1713 and spent his entire reign securing it. He neglected the advice of Prince Eugene of Savoy, who believed that a strong military and a rich treasury were more important than mere signatures. Eventually, Charles VI left behind a weakened and impoverished state, particularly due to the War of the Polish Succession and the Rus ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
BAWAG P
BAWAG (German language: ''Bank für Arbeit und Wirtschaft'') was a bank in Austria founded in 1922. On October 1, 2005, it merged with the separate '' Österreichische Postsparkasse'' (P.S.K.) to form the "Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse AG", shortened as BAWAG P.S.K. In October 2017, BAWAG Group AG, the holding company of BAWAG P.S.K., became a listed company on the Vienna Stock Exchange. Largest shareholders are GoldenTree Asset Management (21.8%) and T. Rowe Price (5.6%). History Bank für Arbeit und Wirtschaft BAWAG was founded in 1922 by the Austrian Chancellor Dr. Karl Renner as the ''Arbeiterbank'' (Austrian Worker's Bank), not so much to extend favourable terms of credit to ordinary people, but to spare them to resort to more capitalist institutions (cit. Renner). Socialist trade unions and the Großeinkaufsgesellschaft für österreichische Consumvereine (Austrian consumer associations procurement company) each hold a 40% stake in t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Donau Bank AG
Donau Bank AG was a controlled bank in Vienna, Austria controlled by the Soviet Union and later, after the dissolution of the Soviet Union, by Russia. It was acquired by Russian VTB Bank in 2000. In 2006 the name was changed to VTB Bank (Austria) AG. On December 29, 2017, VTB Group completerestructuringof its European operations. VTB Bank (Austria) AG, VTB Bank (Deutschland) AG und VTB Bank (France) SA, were merged into the newly created VTB Bank (Europe) SE (Frankfurt), which operates under a single banking license. Since that restructuring, VTB Bank (Europe) SE has the branch in Austria. History *1974 - Donau Bank AG is jointly founded in Vienna by the USSR State Bank and the USSR Foreign Trade Bank. *1992 - The Central Bank of the Russian Federation acquires 99.97% of the bank, the remaining 0.03% is retained by the Foreign Trade Bank ( Vneshtorgbank). *1997 - VTB acquires a 51% majority share in Donau Bank AG. *2005 - VTB acquires 100% interest in Donau Bank AG. *2006 - I ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
VTB Bank (Austria) AG
Donau Bank AG was a controlled bank in Vienna, Austria controlled by the Soviet Union and later, after the dissolution of the Soviet Union, by Russia. It was acquired by Russian VTB Bank in 2000. In 2006 the name was changed to VTB Bank (Austria) AG. On December 29, 2017, VTB Group completerestructuringof its European operations. VTB Bank (Austria) AG, VTB Bank (Deutschland) AG und VTB Bank (France) SA, were merged into the newly created VTB Bank (Europe) SE (Frankfurt), which operates under a single banking license. Since that restructuring, VTB Bank (Europe) SE has the branch in Austria. History *1974 - Donau Bank AG is jointly founded in Vienna by the USSR State Bank and the USSR Foreign Trade Bank. *1992 - The Central Bank of the Russian Federation acquires 99.97% of the bank, the remaining 0.03% is retained by the Foreign Trade Bank ( Vneshtorgbank). *1997 - VTB acquires a 51% majority share in Donau Bank AG. *2005 - VTB acquires 100% interest in Donau Bank AG. *2006 - I ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
.jpg "Click for more on -> Stock Exchange")
