Bank Austria was created in 1855 by a merger of Austria's leading traditional banks. Since November 2005, Bank Austria has been a member of UniCredit Group. This combination has created a new, truly European bank with Bank Austria playing a key role in the growth markets of Central and Eastern Europe. UniCredit Bank Austria is a universal bank providing products and services in retail, corporate and investment banking as well as private banking and financial advising.
UniCredit Bank Austria AG is the 1st largest bank in Austria in terms of total assets. In 2015 its total assets were 123,59 bln EUR, providing the bank with the market share of 15.20%. UniCredit Bank Austria AG is the 1st largest joint stock bank and private bank in Austria (out of 40 joint stock banks and private banks) having market share of 51.75% amongst the banks of this category.
UniCredit Bank Austria AG is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is BBB+ (good credit quality). Long-term credit rating assigned to the bank by Moody's is Baa1 (lower medium grade).
UniCredit Bank Austria AG participates in deposit guarantee scheme of Austria. This scheme covers accounts up to 100 000 EUR per bank per depositor.
UniCredit Bank Austria AG is a member of UniCredit (Italy).
UniCredit Bank Austria AG is headquartered in Wien.
savings accounts (0.09 - 0.12 %)
time deposit accounts
UniCredit Bank Austria AG provides products and services in the areas of retail banking, corporate banking, private banking, investment banking, financial advising. The range of products offered by UniCredit Bank Austria AG includes current accounts, payment cards, savings accounts (0.09 - 0.12 %), time deposit accounts, consumer loans, mortgage loans, cash management, treasury.
Savings accounts are interest-bearing deposits accounts which allow to withdraw money at any time. While providing more flexibility, savings accounts usually offer lower interest rates and shorter deposit terms than time deposit accounts.
Savings accounts made with UniCredit Bank Austria AG are covered by deposit guarantee scheme of Austria up to 100 000 EUR per depositor. UniCredit Bank Austria AG offers the following savings accounts.
Updated on 19 October 2018
Austria: This product is offered to Austrian residents only. When clicking on the product link you will be redirected to the product page in German.
|Total Assets (2015)|
|123.59 bln EUR (-1.10%)|
In 2015 total assets of UniCredit Bank Austria AG were 123.59 bln EUR. Decline compared to the previous period (2014) was -1.10%. The evolution of the total assets of UniCredit Bank Austria AG is shown at Chart 1 below.
Chart 1. Total Assets of UniCredit Bank Austria AG.
Recent changes in total assets of UniCredit Bank Austria AG and its main components are shown in Table 1.
|Loans to customers||64.1||66.9||+4.33%|
|Loans to banks||23.0||21.9||-5.03%|
|Bonds and other fixed-income securities||9.6||5.5||-42.98%|
|Shares and other variable-yield securities||0.1||0.1||-6.20%|
|Table 1. Recent changes in total assets of UniCredit Bank Austria AG (bln EUR).|
Recent changes in total liabilities of UniCredit Bank Austria AG and its main components are shown in Table 2.
|Table 2. Recent changes in total liabilities of UniCredit Bank Austria AG (bln EUR).|
|Operating Income (2015)|
|3 485.56 mln EUR (+41.73%)|
Recent changes in gross profit of UniCredit Bank Austria AG and its main components are shown in Table 3.
|Interest Charges||-1 300.3||-1 242.5||-4.45%|
|Interest Income||2 452.6||2 308.2||-5.89%|
|Net Interest Income||1 152.3||1 065.7||-7.52%|
|Table 3. Recent changes in gross profit of UniCredit Bank Austria AG (mln EUR).|
|BBB+ (good credit quality)||Baa1 (lower medium grade)|
Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government. UniCredit Bank Austria AG is rated by Fitch and Moody's.
Credit ratings assigned to UniCredit Bank Austria AG as of May 2018 are shown in details in the following sections.
Long-term issuer default rating is Fitch's view of a credit institution's relative vulnerability to default on its financial obligations, for UniCredit Bank Austria AG it is set to BBB+ (good credit quality), outlook is negative (may be lowered). The rating is not on watch. Short-term issuer default rating for UniCredit Bank Austria AG is set to F2 (good short-term credit quality).
|Long-Term Issuer Default Rating||BBB+|
|Short-Term Issuer Default Rating||F2|
|Support Rating Floor||WD|
Viability rating for UniCredit Bank Austria AG is set to bbb+ (good fundamental credit quality); support rating is 2 (high probability of external support); support rating floor is WD (withdrawn).
Long-term rating for UniCredit Bank Austria AG it is set to Baa1 (lower medium grade). Long-term bank deposit rating is Baa1 (lower medium grade). Baseline credit assessment is baa3. Short-term rating is not assigned.
|Long-Term Bank Deposit Rating||Baa1|
|Baseline Credit Assessment||baa3|
Outlook for the ratings of UniCredit Bank Austria AG is set to stable (not likely to change).
|Yes (up to 100 000 EUR per depositor)|
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 UniCredit Bank Austria AG 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|
|Covered Currencies||EEA currencies|
|Maximum Protected Amount||100 000 EUR|
|Paid In Currency||EUR|
BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) 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.
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).
BIC of UniCredit Bank Austria AG and its components are shown in the table below.
|Bank BIC Code||BKAU|
|Country Code||AT (Austria)|
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.
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.
MFI ID of UniCredit Bank Austria AG is shown in the table below.
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||12000|
In Austria the code consists of five digits.
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.
The following banks operating under UniCredit brand name has been recently closed down: