Volksbank Osttirol-Westkärnten eG (formerly Volksbank Osttirol reg.Gen.m.b.H.)

Address  9900, Austria, Lienz, Südtiroler Platz 9
Phone  04852/6665
Fax  04852/666535
E-Mail  info@volksbank-osttirol.at

Member of Group  DZ Bank (Germany)
Bank Identifiers 
    BIC (SWIFT)  OVLIAT21
    MFI ID  AT40730
    Bank Sort Code  40730
    Company Number  41420m
Bank Category  Volksbank credit cooperatives
Credit Ratings (July 2014) 
    Fitch  A (high credit quality)
    Moody's  - (not rated)
    S&P's  - (not rated)
Deposit Guarantee  Yes (up to 100 000 EUR per depositor)
Established On  30 March 1971

Volksbank Osttirol-Westkärnten eG located at Austria, Lienz is a member of a banking group DZ Bank (Germany). It is one of 724 credit institutions operating in Austria.

Bank Identifiers

Any bank can be identified for different purposes and hence can have several different identifiers.

BIC

BIC (Business Identifier Code) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.

BIC  OVLIAT21
Bank BIC Code  OVLI
Country Code  AT (Austria)
Location Code  21
Branch Code  -

A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).

MFI ID

MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.

MFI ID  AT40730

The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.

Bank Sort Code

Bank Sort Code is a code that uniquely identifies a financial institution within a country. Bank sort codes are usually assigned by National Central Banks and differ from BIC codes.

Bank Sort Code  40730

In Austria the code consists of five digits.


Company Registration Number

Company Registration Number is a distinctive code issued upon registration of a new company. This code can be used to find data about the company in a national company register.

Company Registration Number  41420m

Credit Ratings

Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government.
Of the 'Big Three' rating agencies, Volksbank Osttirol-Westkärnten eG is rated by Fitch.

Credit ratings assigned to Volksbank Osttirol-Westkärnten eG as of July 2014 are shown in details in the following sections.

Fitch

Long-term issuer default rating is Fitch's view of a credit institution’s relative vulnerability to default on its financial obligations, for Volksbank Osttirol-Westkärnten eG it is set to A (high credit quality), outlook is negative (may be lowered). The rating is not on watch. Short-term issuer default rating for Volksbank Osttirol-Westkärnten eG is set to F1 (highest short-term credit quality).

Long-Term Issuer Default Rating  A
    Outlook  negative
    On Watch  No
Short-Term Issuer Default Rating  F1
Viability Rating  -
Support Rating  -
Support Rating Floor  -

Viability rating for Volksbank Osttirol-Westkärnten eG is not set; support rating is not assigned; support rating floor is not set.

Deposit Guarantee

Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.

All credit institutions operating in Austria are obliged to participate in Austrian deposit guarantee scheme.

In the case of Volksbank Osttirol-Westkärnten eG failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Eligible Depositors  natural persons, legal entities
Covered Accounts  all balances on interest-bearing and non-interest bearing accounts
Maximum Protected Amount  100 000 EUR
Paid In Currency  EUR

Further Information: Deposit Guarantee Scheme in Austria

ECB Minimum Reserves Requirements (MRR)

Minimum reserves is the minimum amount of reserves a credit institution is required to hold with a central bank.

Subject to MRR by ECB  Yes
Exempt from MRR by ECB  No

Related Information on Austria

Economy and Banking Sector of Austria

List of Banks in Austria