|Address||4840, Austria, Vöcklabruck, Stadtplatz 34|
|Member of Group||DZ Bank (Germany)|
|Bank Sort Code||42830|
|Bank Category||Volksbank credit cooperatives|
|Credit Ratings (as of Dec 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)|
|Start Date||01 January 1914|
Any bank can be identified for different purposes and hence can have several different identifiers.
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.
|Bank BIC Code||VBOE|
|Country Code||AT (Austria)|
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 (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.
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||42830|
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.
|Company Registration Number||94780h|
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 VÖCKLABRUCK-GMUNDEN e.Gen. is rated by Fitch.
Credit ratings assigned to VOLKSBANK VÖCKLABRUCK-GMUNDEN e.Gen. as of December 2014 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 VOLKSBANK VÖCKLABRUCK-GMUNDEN e.Gen. 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 VÖCKLABRUCK-GMUNDEN e.Gen. is set to F1 (highest short-term credit quality).
|Long-Term Issuer Default Rating||A|
|Short-Term Issuer Default Rating||F1|
|Support Rating Floor||-|
Viability rating for VOLKSBANK VÖCKLABRUCK-GMUNDEN e.Gen. is not set support rating is not assigned; support rating floor is not set.
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 VÖCKLABRUCK-GMUNDEN e.Gen. 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
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|