Volkskreditbank (VKB Bank) was established in 1873 as a cooperative and in 1981 was converted into a public limited company. VKB Bank is a regional universal bank offering private customers and medium-sized companies a broad range of retail and business banking products and services. VKB Bank also provides private banking, leasing and insurance solutions.
In 2022, Volkskreditbank AG achieved the position of 39th largest bank in Austria with a market share of 0.34%; its total assets grew by 1.19%.
Additionally, the bank became the 111th profitable bank in relation to its total assets showcasing 0.37% return on assets in 2022.
Also the lender held the 382nd position regarging its loans-to-deposits (L/D) registering 92.71% L/D ratio in 2022.
Deposits up to 100,000 EUR are covered by Austrian deposit guarantee scheme in Volkskreditbank AG.
Volkskreditbank AG is the 39th largest bank in Austria in terms of total assets. In 2022 its total assets were 3 380,11 mln EUR, providing the bank with the market share of 0.34%. Volkskreditbank AG is the 10th largest joint stock bank and private bank in Austria (out of 30 joint stock banks and private banks) having market share of 1.34% amongst the banks of this category. In 2022 the bank's net income was 12,40 mln EUR.
Volkskreditbank AG participates in the deposit guarantee scheme of Austria which applies to all balances on bank accounts made by natural persons (Austrian and foreign), legal entities (Austrian and foreign) and covers up to up to 100,000 EUR per bank per depositor. Volkskreditbank AG is a member of Einlagensicherung AUSTRIA Ges.m.b.H (ESA) and makes its contributions into it.
Volkskreditbank AG is headquartered in Linz.
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