Established in 2001, VOLKSBANK WIEN AG operates as a regional universal bank, offering a broad range of retail banking products and services to private individuals and companies. Since July 2015, VOLKSBANK WIEN AG offers its retail banking products and services online via its registered trademark, LiveBank.
Becoming a client of VOLKSBANK WIEN AG can be done in a few steps:
Due to regulatory requirements VOLKSBANK WIEN AG performs KYC/AML checks when establishing business relationships with a new client. While onboarding a private individual VOLKSBANK WIEN AG will ask him/her to provide the following documents: passport; proof of address. For corporate clients VOLKSBANK WIEN AG will ask to provide corporate documentation as well as information about controlling persons. VOLKSBANK WIEN AG may request additional documentation or information depending on the case. VOLKSBANK WIEN AG performs client's identity verification via branch visit.
VOLKSBANK WIEN AG is the 12th largest bank in Austria in terms of total assets. In 2018 its total assets were 12 655,12 mln EUR, providing the bank with the market share of 1.56%. VOLKSBANK WIEN AG is the 1st largest volksbank credit cooperatives in Austria (out of 13 volksbank credit cooperatives) having market share of 38.47% amongst the banks of this category. In 2018 the bank's net income was 33,15 mln EUR.
VOLKSBANK WIEN 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 A2 (upper medium grade).
VOLKSBANK WIEN AG participates in the deposit guarantee scheme of Austria. This deposit guarantee scheme 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 WIEN AG is a member of Einlagensicherung AUSTRIA Ges.m.b.H (ESA) and makes its contributions into it.
VOLKSBANK WIEN AG is a member of Volksbank (Austria).
VOLKSBANK WIEN AG is headquartered in Wien.