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 * Why Choose Bank of Austria- What to Know
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HOMEPAGE


WELCOME TO BA-CA BANKING & FINANCIAL INFORMATION

(not the official site of Bank of Austria)

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OVERVIEW


BANK OF AUSTRIA

Bank Austria is one of the most renowned banks in the world Which is why 

in today’s article, we will talk about the bank itself alongside some critical 

information. Before we get into the topic at hand, let us be transparent and

let you know that this isn’t the official website of Bank Austria. Nonetheless,

we have some useful information on Bank Austria, which may help you in 

making your financial decision.

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HOLDING LEADERSHIP POSITION IN CENTRAL & EASTERN EUROPE

The official name of Bank Austria is ‘UniCredit Bank Austria AG’. It is part of
the pan-European financial powerhouse UniCredit, headquartered in Milan, Italy.
The Unicredit group wanted a bank to represent the company in the European Union
so they started it at a small level and later it grew larger. According to news,
the bank mainly has the Austrian workforce. The bank was established in the late
nineteenth century and has passed a few hands before falling into the lap of
UniCredit. This bank was not found in Austria. It originated from Italy. The
bank posted a topline revenue of €1,941 million in 2019 and has total assets of
over €101 billion.


STRONG PRESENCE IN THE CORPORATE LENDING SEGMENT

The strength of the Bank of Austria is in its lending to the corporate sector.
The bank counts itself as the second-largest lender to the corporate sector in
Continental Europe. In countries in the Central & Eastern European region, the
Austrian bank enjoys a leadership position. Starting with Slovakia and going up
to Latvia and Estonia on top, you will find Bank of Austria everywhere. Russia,
Bulgaria, Czech, Croatia, Bosnia, Hungary, Turkey, and Serbia are countries
where the Bank of Austria has operations.


BANK OF AUSTRIA CLAIMS TO HAVE CONTROLLED NPES

In their report on their operations for the year 2019, Bank of Austria claims it
has been successful in shedding around €50 billion, during the period 2015 to
2019. The bank says as of the end of 2019, the gross NPE ratio is 5% and net NPE
ratio of 1.8%. Interestingly, the bank has more than doubled its profit
percentage during the same 2015-2019 period, from 4% to 9.2%.


THE UNICREDIT ASSOCIATION MEANS ITALY CONTRIBUTES TO MORE BUSINESS

Bank of Austria is now part of UniCredit which has its headquarters in Italy and
since the banking operations are consolidated, the bulk of the business still
comes from Italy. It has since moved into a large facility in the Austrian
capital of Vienna. There are over 40,000 employees of the bank operating out of
this office. Though parent UniCredit boasts of 98 companies and offices in
Europe, it has a presence in the other continents as well. Looking at just the
numbers, Bank of Austria services around 27 million customers across 20
countries.

Austria has over 600 banking institutions operating in the country. The sector
has evolved considerably embracing the latest technology. The numerical strength
of branches has lost its meaning as internet banking and mobile apps have
proliferated. This has made people access their money and other needs for
finance without having to physically contact the bank. The bank has fully
adopted these modern ways of banking.

FLEET MANAGEMENT BUSINESS NOW ACQUIRED BY ARAVAL AUSTRIA

The bank was in the news recently as the UniCredit’s fleet management business
has since been taken over by Araval Austria. The segment has the leasing
business as well. The enterprise went by the name UniCredit Leasing Fuhrpark
management GmbH. The two entities have entered into an agreement for this. This
agreement allows Araval to service the clients of UniCredit Bank of Austria for
all their mobility services requirements. The agreement covers a large fleet of
6,000 vehicles.


GAMBLING RELATED ACCOUNTS/TRANSFERS

Many gambling companies have recently had troubles when opening up new bank
accounts. This is because many banks think of gambling companies as high risk
and therefore do not accept these as clients. Big quality casinos like
Vera&John, William Hill, The Stars Group, CasinoSecret, etc. When it comes to
Bank of Austria you might run into issues when opening a bank account for a
gambling related company, but the best option is to get an account manager as
many of these decisions are taken on a case to case basis.

THE BOTTOMLINE

In their report on their operations for the year 2019, Bank of Austria claims it
has been successful in shedding around €50 billion, during the period 2015 to
2019. The bank says as of the end of 2019, the gross NPE ratio is 5% and net NPE
ratio of 1.8%. Interestingly, the bank has more than doubled its profit
percentage during the same 2015-2019 period, from 4% to 9.2%.

Note: This is not an official website of the Bank of Austria.

WHY CHOOSE


BANK OF AUSTRIA

Nothing beats a bank that focuses on providing quality services and
products to its extensive client base. Significantly, a bank that pays
attention to an impeccable way to improve its efficiency is great to invest
in. With many changes occurring in the finance industry, it’s wise to
make Bank of Austria your number one choice.

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INFORMATION

There is a well known Bank in Austria which is usually called the Bank of
Austria. As per the full name, it is Unicredit Bank Austria. This Bank is
popular among customers and it has more than 3500 branches all over the world.
This bank is completely distributed all over the world except for some countries
like Poland because of the competition. This is not official website of bank and
we are only giving information. You can find the information below.

Foundation

This bank was not found in Austria. It originated from Italy. The company called
Unicredit group is the owner of the bank of Austria. The Unicredit group wanted
a bank to represent the company in the European Union so they started it at a
small level and later it grew larger. According to news, the bank mainly has the
Austrian workforce.

Locations

As clearly said that this Bank originally started in Italy and it has many
branches all over the world. To be exact the company has more than 3500 branches
in more than 19 countries.

Assets & Revenues

This bank has a huge amount of assets. The best bank has more assets as compared
to other banks in Austria. In 2015, the revenues were nearly 3 billion euros.
This is less as compared to the assets of the bank because the bank has more
than 190 billion euros of assets. If assets of a bank are more than revenue, the
bank is stable and your money will be safe with the bank.

Types of accounts

This bank gives multiple options to the people who want to open a bank account
there. They have very special policies for the students because they will make
all the services free for the students. Opening a student account is easy in the
bank of Austria. You will only need your student enrollment details to open the
bank account and keep your money safe.

The second type of account is the youth account and it is for people between the
age of 10 and 20. Youth account is for young savers who want to save for their
future. It is really easy to open this account also. You just have to be in the
right range of the age to open this account.

The third type of account is a basic account. This is the main bank account that
everyone uses. This bank account has a fee of 20 euros and it is charged three
times a year. This bank account comes with a debit card and a checkbook. There
are many other options like phone banking and internet banking. You can manage
your money and finance with the mobile banking app. You can also check the app
for the latest banking news.

Commercial Accounts

This bank gives amazing facilities for businesses. They allow you to open cross
border account. There are a lot of services that include commercial insurance,
corporate investing, and business finance. By opening a commercial account in
this bank, you will get benefits for all these services. They have special
account types for companies and self-employed people. Real estate agents can
open special accounts that are specially designed for real estate transaction
purposes.

You can visit the official site of the Bank of Austria here:
https://www.bankaustria.at/


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