Anglo Austrian AAB Bank AG

 (4.0; 4 ratings)
4.0 4

Business Focus

private banking, investment banking

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.

Bank Category

Joint stock banks and private banks

Services

retail banking
private banking
investment banking
institutional banking
fund management

Products

current accounts
time deposit accounts
trading accounts

Financials

Total Assets of Anglo Austrian AAB Bank AG
Net_income of Anglo Austrian AAB Bank AG
Market Share of Anglo Austrian AAB Bank AG
Total Assets (2018)
273.18 mln EUR  (-0.12%)
Net Income (2018)
-41,830,000.00 EUR  (+11.95%)

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.

Credit Ratings

Fitch: B-
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

Anglo Austrian AAB Bank AG is rated by Fitch. Long-term credit rating assigned to the bank by Fitch is B- (highly speculative).

Deposit Guarantee

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

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.

Contacts

Bauernmarkt, 2, 1010, Wien, Austria
99
+43 (1) 53188 - 0

Anglo Austrian AAB Bank AG was headquartered in Wien.

Bank Identifiers

BIC (SWIFT)
MEINATWWXXX
Bank Sort Code
19240
LEI
529900HB1QYCTDSDTQ54
Company Number
77279x
MFI ID
AT0000003881495

Bank History

Established On
26 February 1987
Close Date
February 2020
Previous Name
MEINL BANK AG

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