In June 2019, Meinl Bank AG was renamed to Anglo Austrian AAB Bank AG. Anglo Austrian AAB Bank AG provided private, investment and institutional banking products and services. In November 2019, Anglo Austrian AAB Bank AG was placed under government oversight with the appointment of a commissioner to protect creditors. In February 2020, the European Central Bank withdrew the license of Anglo Austrian AAB Bank AG amid allegations of money laundering and complaince failures.
Anglo Austrian AAB Bank AG was the 245th largest bank in Austria in terms of total assets. In 2018 its total assets were 273,18 mln EUR, providing the bank with the market share of 0.03%. Anglo Austrian AAB Bank AG was the 30th largest joint stock bank and private bank in Austria (out of 36 joint stock banks and private banks) having market share of 0.13% amongst the banks of this category. In 2018 the bank's net income was -41,83 mln EUR.
Anglo Austrian AAB Bank AG is rated by Fitch. Long-term credit rating assigned to the bank by Fitch is B- (highly speculative).
Anglo Austrian AAB Bank 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. Anglo Austrian AAB Bank AG is a member of Einlagensicherung AUSTRIA Ges.m.b.H (ESA) and makes its contributions into it.
Anglo Austrian AAB Bank AG was headquartered in Wien.