UniCredit Bank Austria AG, better known as Bank Austria is a Central and Eastern European bank, 96.35% owned by UniCredit Group. The bank maintains an extensive network in Austria, with about 7.700 employees serving customers in some 300 branches. Bank Austria serves as UniCredit’s hub for the banking network in Central and Eastern Europe, a region where the Group is the clear market leader with about 3,900 branches in 19 countries. As per 2008, 85% of Bank Austria's total workforce is employed out of Austria.
Since 2007, Bank Austria is also responsible for all UniCredit affiliates in the European Union. Thus, Bank Austria inherited operation in 20 countries it had no representation before, of which even UniCredit had no activity. However, Bank Austria could not retrieve its business in Poland, where it had been well represented by BHP.
Total assets of Bank Austria as at 31 December 2011 were EUR 199,2 billion. Bank Austria is the number one banking partner for Austrian companies:
- 80 per cent of large corporates
- 37 per cent of medium-sized companies
- 21 per cent of small businesses
have confidence in Bank Austria's services.
Read more about Bank Austria: History, Management, Activity in Central and Eastern-Europe, Key Figures
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