VOLKSBANK VORARLBERG e. Gen. (Austria)

Address

Ringstraße, 27, 6830, Rankweil, Austria

BIC

VOVBAT2BXXX

Overview

Business Focus

cooperative retail banking

VOLKSBANK VORARLBERG is a regional universal bank, focused on providing retail banking products and services to local individuals, self-employed professionals and SMEs.

Performance

In 2022, VOLKSBANK VORARLBERG e. Gen. achieved the position of 56th largest bank in Austria with a market share of 0.20%; its total assets grew by 2.78%.

Additionally, the bank became the 130th profitable bank in relation to its total assets showcasing 0.29% return on assets in 2022.

Also the lender held the 64th position regarging its loans-to-deposits (L/D) registering 107.49% L/D ratio in 2022.

Deposit Protection

Deposits up to 100,000 EUR are covered by Austrian deposit guarantee scheme in VOLKSBANK VORARLBERG e. Gen.

Market Share (#56 in Austria)

Market Share of VOLKSBANK VORARLBERG e. Gen.

Ratios

RoA

0.29%

L/D

107.49%

Products

current accounts

debit cards

credit cards

savings accounts

time deposit accounts

consumer loans

Card Providers

International Transfers

SWIFT Transfers

SEPA Credit Transfers

SEPA Instant Transfers

SEPA Direct Debits

SEPA Direct Debits B2B

Ways to Bank

VOLKSBANK VORARLBERG e. Gen. delivers its products and services through both direct and indirect channels, namely:

branch

online banking

Financials

Total Assets of VOLKSBANK VORARLBERG e. Gen.

Net_income of VOLKSBANK VORARLBERG e. Gen.

Total Assets (2022)

1,970.79 mln EUR (+2.78%)

Net Income (2022)

5.57 mln EUR (+28.21%)

VOLKSBANK VORARLBERG e. Gen. is the 56th largest bank in Austria in terms of total assets. In 2022 its total assets were 1 970,79 mln EUR, providing the bank with the market share of 0.20%. VOLKSBANK VORARLBERG e. Gen. is the 7th largest volksbank credit cooperatives in Austria (out of 12 volksbank credit cooperatives) having market share of 5.56% amongst the banks of this category. In 2022 the bank's net income was 5,57 mln EUR.

Credit Ratings

Fitch: BBB+

AAA

AA+, AA, AA-

A+, A, A-

BBB+, BBB, BBB-

BB+, BB, BB-

B+, B, B-

CCC, CC, C, RD, D

Moodys: -

Aaa

Aa1, Aa2, Aa3

A1, A2, A3

Baa1, Baa2, Baa3, Baa4

Ba1, Ba2, Ba3

B1, B2, B3

Caa1, Caa2, Caa3, Ca

VOLKSBANK VORARLBERG e. Gen. is rated by Fitch. Long-term credit rating assigned to the bank by Fitch is BBB+ (good credit quality).

Deposit Guarantee

Guarantee Fund

Einlagensicherung AUSTRIA Ges.m.b.H (ESA)

Protected Amount

up to 100,000 EUR

Eligible Depositors

natural persons (Austrian and foreign)
legal entities (Austrian and foreign)

Covered Accounts

all balances on bank accounts

VOLKSBANK VORARLBERG e. Gen. 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. VOLKSBANK VORARLBERG e. Gen. is a member of Einlagensicherung AUSTRIA Ges.m.b.H (ESA) and makes its contributions into it.