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Volksbank Group
The Volksbank Group is a cooperative banking group in Austria, whose central entity is Vienna-based Volksbank Wien AG. It includes seven other regional banks (Volksbank Niederösterreich in Lower Austria, in Upper Austria, in Carinthia, in Salzburg (federal state), Salzburg, Volksbank Steiermark in Styria, in Tyrol, in Vorarlberg) as well as a specialized bank for the health professions in Austria, the . The group has been designated as a Significant Institution since the entry into force of European Banking Supervision in late 2014, and as a consequence is directly supervised by the European Central Bank. The representative association of the Volksbank Group members is the , established in 1872. Overview There were 35 local Volksbanks in Austria by end of 2015, each of them organized as a cooperative or a corporation. By 2017 they merged to 8 regional banks and 2 specialized banks. They form an integrated system of banks (Association of Volksbanks) connected through a cont ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Volksbank Logo
There are several banks that operate under the name "Volksbank" (Afrikaans, Dutch and German for "people's bank"). There are also 1,099 independent local Volksbanken in Germany. They are completely separate from the Austrian Association of Volksbanks. Volksbanken are also known as VB (Volk is the German word for people) or as VR (Volksbanken Raiffeisenbanken). Germany - Volksbanken Raiffeisenbanken The "Bundesverband der Deutschen Volksbanken und Raiffeisenbanken" ''(Federal Association of Volksbanken and Raiffeisenbanken)'' is a consortium of 1,099 independent credit unions, which represents the banks as Germany's largest banking group in several marketing affairs and as service partner Genossenschaftliche Finanzgruppe Volksbanken Raiffeisenbanken - ''Cooperative Financial Group''. The Genossenschaftliche Finanzgruppe is the only banking group which survived the financial crisis of 2007-08 without any state intervention. Former subsidiaries of Volksbank, have been sold to Sber ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Salzburg (federal State)
Salzburg (, ; bar, Soizbuag, label=Austro-Bavarian, also known as ''Salzburgerland''; it, Salisburghese) is an Austrian federal state. In German it is called a ''Bundesland'', a German-to-English dictionary translates that to ''federal state'' and the European Commission calls it a ''province''. In German, its official name is ''Land Salzburg'', to distinguish it from its eponymous capital Salzburg City. For centuries, it was an independent Prince-Bishopric of the Holy Roman Empire. Geography Location Salzburg State covers an area of . It stretches along its main river — the Salzach – which rises in the Central Eastern Alps in the south to the Alpine foothills in the north. It is located in the north-west of Austria, close to the border with the German state of Bavaria; to the northeast lies the federal state Upper Austria; to the east the federal state Styria; to the south the federal states Carinthia and Tyrol. With 561,714 inhabitants, it is one of the country's smaller ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Established In 1850
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
German Cooperative Financial Group
The German Cooperative Financial Group, german: Genossenschaftliche FinanzGruppe Volksbanken Raiffeisenbanken, sometimes referred to in English as "Volksbanken Raiffeisenbanken Cooperative Financial Network", is a major cooperative banking network in Germany that includes local banks named Volksbanken ("people's banks") and Raiffeisenbanken ("Raiffeisen banks"), the latter in tribute to 19th-century cooperative movement pioneer Friedrich Wilhelm Raiffeisen. The Cooperative Group represents one of the three "pillars" of Germany's banking sector, the other two being, respectively, the of public banks, and the commercial banking sector represented by the Association of German Banks. The Bundesverband der Deutschen Volksbanken und Raiffeisenbanken (BVR) is the nationwide representative body of the Cooperative Financial Group. It operates under the Deutscher Genossenschafts- und Raiffeisenverband, the umbrella organization of the German cooperative movement. History Founders' era ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
De Volksbank
De Volksbank () is a Dutch retail bank offering financial products to both companies and individuals. Prior to a 2017 restructuring, it was called SNS Bank, which remains its major brand name. It became a subsidiary of SNS Reaal in 1997 when the holding company bought the insurance company Reaal. The bank and its parent were rescued by the Dutch government in 2013 and have been state owned since then. In 2016, SNS Bank was the fourth-largest bank in the Netherlands in terms of total assets. History The history of the bank goes back to 1817 when the first Netherlands savings bank ( nl, spaarbank) was established as Nutsspaarbank. The saving bank movement was part of a campaign to encourage individual citizens to save for their future. The savings banks used these funds to provide mortgages to individuals who would otherwise not have the ability to buy their own house, much like the building society movement in the UK. In 1987 a merger with several regional banks, including '' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Central Bank
The European Central Bank (ECB) is the prime component of the monetary Eurosystem and the European System of Central Banks (ESCB) as well as one of seven institutions of the European Union. It is one of the world's Big Four (banking)#International use, most important central banks. The Governing Council of the European Central Bank, ECB Governing Council makes the projects for the monetary policy for the European Union with suggestions and recommendations and to the Eurozone with more direct applications of such policies, it also administers the foreign exchange reserves of EU member states in the Eurozone, engages in foreign exchange operations, and defines the intermediate monetary aims and objectives, and also the common interest rates for the EU. The Executive Board of the European Central Bank, ECB Executive Board makes policies and decisions of the Governing Council, and may give direction to the national central banks, especially when doing so for the Eurozone central ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Banking Supervision
European Banking Supervision, also known as the Single Supervisory Mechanism (SSM), is the policy framework for the prudential supervision of banks in the euro area. It is centered on the European Central Bank (ECB), whose supervisory arm is referred to as ECB Banking Supervision. EU member states outside of the euro area can also participate on a voluntary basis, as was the case of Bulgaria as of late 2023. European Banking Supervision was established by Regulation 1024/2013 of the Council, also known as the SSM Regulation, which also created its central (albeit not ultimate) decision-making body, the ECB Supervisory Board. Under European Banking Supervision, the ECB directly supervises the larger banks that are designated as Significant Institutions. The other banks, known as Less Significant Institutions, are supervised by national banking supervisors ("national competent authorities") under supervisory oversight by the ECB. As of late 2022, the ECB directly supervised 11 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Vorarlberg
Vorarlberg ( , ; gsw, label=Vorarlbergisch, Vorarlbearg, , or ) is the westernmost States of Austria, state () of Austria. It has the second-smallest geographical area after Vienna and, although it also has the second-smallest population, it is the state with the second-highest population density (also after Vienna). It borders three countries: Germany (Bavaria and Baden-Württemberg via Lake Constance), Switzerland (Grisons and Canton of St. Gallen, St. Gallen), and Liechtenstein. The only Austrian state that shares a border with Vorarlberg is Tyrol (state), Tyrol, to the east. The capital of Vorarlberg is Bregenz (29,698 inhabitants), although Dornbirn (49,845 inhabitants) and Feldkirch, Vorarlberg, Feldkirch (34,192 inhabitants) have List of cities and towns in Austria, larger populations. Vorarlberg is also the only state in Austria in which the local dialect is not Austro-Bavarian dialects, Austro-Bavarian, but rather an Alemannic dialects, Alemannic dialect; it therefore ha ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tyrol
Tyrol (; historically the Tyrole; de-AT, Tirol ; it, Tirolo) is a historical region in the Alps - in Northern Italy and western Austria. The area was historically the core of the County of Tyrol, part of the Holy Roman Empire, Austrian Empire and Austria-Hungary, from its formation in the 12th century until 1919. In 1919, following World War I and the dissolution of Austria-Hungary, it was divided into two modern administrative parts through the Treaty of Saint-Germain-en-Laye: * State of Tyrol: Formed through the merger of North and East Tyrol, as part of Austria * Region of Trentino-Alto Adige: At that time still with Souramont (Cortina d'Ampezzo, Livinallongo del Col di Lana and Colle Santa Lucia) and the municipalities Valvestino, Magasa, and Pedemonte, seized in 1918 by the Kingdom of Italy, and thus since 1946 part of the Italian Republic. With the founding of the European region Tyrol-South Tyrol-Trentino the area has its own legal entity since 2011 in the form of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Styria
Styria (german: Steiermark ; Serbo-Croatian and sl, ; hu, Stájerország) is a state (''Bundesland'') in the southeast of Austria. With an area of , Styria is the second largest state of Austria, after Lower Austria. Styria is bordered to the south by Slovenia, and clockwise, from the southwest, by the Austrian states of Carinthia, Salzburg, Upper Austria, Lower Austria, and Burgenland. The state capital is Graz. Etymology The March of Styria derived its name from the original seat of its ruling Otakar dynasty: Steyr, in today's Upper Austria. In German, the area is still called "Steiermark" while in English the Latin name "Styria" is used. The ancient link between Steyr and Styria is also apparent in their nearly identical coats of arms, a white Panther on a green background. Geography * The term "Upper Styria" (german: Obersteiermark) refers to the northern and northwestern parts of the federal-state (districts Liezen, Murau, Murtal, Leoben, Bruck-Mürzzuschlag). * ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Carinthia
Carinthia (german: Kärnten ; sl, Koroška ) is the southernmost States of Austria, Austrian state, in the Eastern Alps, and is noted for its mountains and lakes. The main language is German language, German. Its regional dialects belong to the Southern Bavarian group. Carinthian dialect group, Carinthian Slovene dialects, forms of a South Slavic languages, Slavic language that predominated in the southeastern part of the region up to the first half of the 20th century, are now spoken by a Carinthian Slovenes, small minority in the area. Carinthia's main Industry (economics), industries are tourism, electronics, engineering, forestry, and agriculture. Name The etymology of the name "Carinthia", similar to Carnia or Carniola, has not been conclusively established. The ''Ravenna Cosmography'' (about AD 700) referred to a Slavic settlement of the Eastern Alps, Slavic "Carantani" tribe as the eastern neighbours of the Bavarians. In his ''History of the Lombards'', the 8th-c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Vienna
en, Viennese , iso_code = AT-9 , registration_plate = W , postal_code_type = Postal code , postal_code = , timezone = CET , utc_offset = +1 , timezone_DST = CEST , utc_offset_DST = +2 , blank_name = Vehicle registration , blank_info = W , blank1_name = GDP , blank1_info = € 96.5 billion (2020) , blank2_name = GDP per capita , blank2_info = € 50,400 (2020) , blank_name_sec1 = HDI (2019) , blank_info_sec1 = 0.947 · 1st of 9 , blank3_name = Seats in the Federal Council , blank3_info = , blank_name_sec2 = GeoTLD , blank_info_sec2 = .wien , website = , footnotes = , image_blank_emblem = Wien logo.svg , blank_emblem_size = Vienna ( ; german: Wien ; ba ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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