History
VKB-bank was founded as cooperative in 1873 and changed into a public company in 1981
Ownership
Sole shareholder of the VKB-bank AG ist Volkskredit Verwaltungsgenossenschaft which is owned by some 34,000 cooperative members.
Business model and policy
VKB-bank stands for customer and value orientation, responsibility towards the region, independence, security, safety and capital strength.
VKB-bank’s success in banking for almost 140 years has been based on a stable business policy; Together with its employees the bank has ensured sustained value generation in the Austrian regions where it has its offices.
The universal bank’s upper Austrian network of branch offices provides a comprehensive range of banking services to private customers as well as medium-sized business.
The regions of Bavaria, Salzburg and Lower Austria are also managed from upper Austria.
It is VKB-bank’s objective to be Austria’s most customer oriented consulting bank. Thanks to the non-affiliation of VKB-bank, its consultants are free to focus fully on their customers’ interests, and this exclusive orientation along customer demands makes VKB-bank a reliable and secure partner for its customers.
Business Data 2010
- Balance Sheet total: € 2,699.0 mill. (+ 2.3 %)
- Loans to clients: € 2,122.7 mill. (+ 9.3 %)
- Primary funds: € 2,106.2 mill. (+ 1.8 %)
- Own Funds: € 300.3 mill. (+ 0.1 %) Own funds ratio (%): 15.5
- Core Capital (Tier 1): € 279.6 mill. (+ 0.9 %) Core capital ratio (%): 14.4
- Operating result: € 19.0 mill. (+ 8.8 %)
- Operating profit: € 12.0 mill. (+ 19.0 %)
