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About Banking in Austria

The Austrian National Bank, originally opened on January 2, 1923 but taken over by the German Reichsbank in 1938, was reestablished on July 3, 1945. The bank is a corporation with capital shares fixed by law at $150 million; 50% of the shares are, by law, owned by the government.

The World Economic Forum, in its report - The Global Competitiveness Report 2010–2011, has ranked Austria at # 48 with a score of 5.5 in terms of soundness of banks in the country.

Banks in Austria

  • Österreichische Postsparkasse
  • Bank Austria
  • Bank Medici
  • Creditanstalt
  • Donau Bank
  • Erste Bank
  • Hypo Group Alpe Adria
  • Raiffeisen Zentralbank
  • S M von Rothschild
  • Volksbank


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