Volksbank AG – Investkredit performs the tasks resulting from VBAG Group´s central institution function and provides the following services to the Volksbank sector: syndicated finance, subsidized finance, financing of renewable energy projects and factoring. The respective business units have been allocated to the Market division, where VBAG´s core business has been pooled.

The remaining business units no longer constitute core business and will be wound down in the medium-term in an orderly, value-preserving process.

www.investkredit.at

We create opportunities.

Volksbank Investments was formed in 2008 from the integration of Volksbank Structured Investments and Volksbank Invest KAG to become a joint umbrella brand. The focus is on product components that “function" – and generate performance – in every market phase. At the core of the Volksbank Investments philosophy is the separation into market-related returns (beta investments) and market-neutral returns (alpha investments) – irrespective of whether they are issued as funds, certificates or insurance products.

Due to the bundling of funds and certificates competencies, Volksbank Investments is currently the only provider on the Austrian market which offers “The best of the whole world of investment from a single source!” Our mission reflects responsibility for reliable and sustainable investment solutions. At the same time, it also stands for respect for the ultimate unpredictability of the markets and for openness and flexibility.

Our job is to create opportunities to secure our customers’ financial future.
We offer a high-performance product range with reliable investment solutions and portfolio components.

Find further information on the website of Volksbank Investments.

www.volksbankinvestments.com

Immo Kapitalanlage AG was founded in 2003 with the aim of constructing new fund products as separate trust assets as defined in the Real Estate Investment Funds Act. Its area of operations encompasses both the flotation of open-ended real estate funds for private investors and real estate specialist funds for institutional investors.
 
immofonds 1 concentrates on commercial properties such as DIY centres, office buildings, hotels or medical centres. It is particularly recommended by professional asset managers as an addition to an equities/bonds portfolio.
immofonds 1 supplies income from commercial properties, particularly in the stable German and Austrian markets.
Investors have the opportunity to invest in real assets, i.e. in a portfolio of buildings and tenants. Income consists of management income, appreciation and depreciation and the liquidity income of the properties.
Particular attention is paid to substance when selecting properties. As a result, the fund invests in buildings that are either newly built or completely refurbished. Active portfolio management guarantees an optimal tenant structure, smooth transitions between tenants and tenancy agreements and optimal maintenance of the buildings.

www.immokag.at

As a 100 % subsidiary of Österreichische Volksbanken-AG Group (VBAG Group), VB Leasing Finanzierungsgesellschaft m.b.H. (VBLF) is active in the automobile and equipment leasing sector. It markets its products via a network of 9 branches and via the Volksbanks’ branch network.
 
VBLF supports its customers in the automobile, transport, office automation and machinery sectors. With more than 40 years’ experience and extensive expertise in all types of leasing finance, VBLF is well positioned for the long term in the Austrian leasing market. VBLF rounds out its integrated range of products and services through intensive cooperation with banks, financial services providers as well as traders and producers from the capital goods industry.

www.vbleasing.at

Factoring is an alternative financing tool for companies with annual sales above euro 500,000. In practice, it is used successfully by trading, production and service companies. It is not used by construction or construction-related business.

Procedure
Receivables due from customers are sold to VB Factoring and up to 90% is immediately paid to account. The remaining 10% is transferred following customer payment. Depending on the agreement, the complete accounts receivable system, i.e. all the payment processing, arrears billing system and collection can be outsourced to VB Factoring.

Benefits
With factoring, working capital can be financed optimally because it provides companies (above all SMEs) with the necessary liquidity to finance ongoing business operations, to pay suppliers on time and to achieve sales growth.

• Immediate availability of liquidity
• Improved cash flow – better use of early settlement discounts
• Flexible framework – tailored to the receivables
• Protection against non-payment
• Balance sheet contraction – improvement of the equity ratio

Costs
Factoring fee 0.1% to 1% and customary interest rates on the amount advanced.

More information and contact details available at

www.vb-factoring-bank.at

Victoria-Volksbanken Pensionskassen AG has been active in the administration of pension fund schemes in Austria since 1991 and offers comprehensive advisory expertise in the area of occupational pension provision.

Thanks to its strong international background and as a partner in the "International Group Program", Victoria-Volksbanken Pensionskassen AG has well-founded expertise and many years’ know-how in the field of occupational pension provision.

www.vvp.at

Since 2003, Victoria-Volksbanken Vorsorgekasse AG has rounded off the extensive product range and advisory expertise in the area of occupational pension provision through the administration of "Abfertigung Neu" (severance payments). Since 2008, the Austria-wide customer base has also included entrepreneurs as well as freelancers and farmers as part of provision for the self-employed.  The Vorsorgekasse (provision fund) therefore offers an attractive form of investment with a capital-back guarantee for both entrepreneurs and their employees.

www.vvmvk.at/

The online bank LiveBANK was founded by Volksbank Kufstein in 2007 and is now well positioned on the Austrian online market. The number of customers as well as the volume of deposits could be increased continuously.

On 1 October 2011 Österreichische Volksbanken-AG Group took over LiveBANK.

LiveBANK is characterized by quick and easy online banking, attractive interest rates and an investment policy based on stability. The focus is on a clearly structured and fast website allowing for secure and convenient online transactions.

www.livebank.at

VB Services für Banken GmbH is a 99 % subsidiary of Österreichische Volksbanken-AG Group and employs some 200 staff. It provides a wide range of services in the field of banking operations to the Volksbank sector including VBAG Group and other Bank customers.

The Securities & Custodian Bank Service department calculates the prices of some 60 VB Invest KAG funds on a daily basis as part of VBAG’s custodian bank role and administers/settles securities transactions for 62 Volksbanks via GEOS.

All of VBAG Treasury’s money market, foreign exchange and derivative transactions are processed in the Derivatives Settlement department. Specific expertise is available for the presentation of new products.

The Payment Transactions department ensures that funds are transferred quickly and cost-effectively to Europe and throughout the world through over 100 million payment transactions.

The Services department ensures the sustainable management of all properties in Austria, administers the vehicle fleet, organises and implements relocations and guarantees the safety of the facilities.

In the Banking Logistics department, a central hub ensures that there is always enough cash available throughout Austria. More than 300 Volksbank branches rely on the nightly deliveries by VB Services für Banken GmbH.

www.vbservices.volksbank.com/

Allgemeines Rechenzentrum GmbH, ARZ (datacentre) is the competence centre for IT-services and provides for a continuous, smooth operation of IT systems. The focus is on data security, constant availability and top performance.

ARZ provides IT-services predominantly to the banking sector, approximately 70 banks are ARZ customers. These include a large part of the banks of the Volksbank-sector, e.g. VBAG Group and 50 regional Austrian Volksbanks as well as a number of private banks and banks of the Hypo sector. Furthermore, ARZ services Tiroler Landeskrankenhaus GmbH (Tyrolean state hospital) and the government of the federal state of Tyrol.

www.arz.co.at

Founded in 1994, today, VB-Leasing International is a 50% subsidiary of both Österreichische Volksbanken-AG Group and the German company VR-Leasing AG.

It has eight subsidiaries in the Czech Republic, Slovenia, Croatia, Poland, Bosnia and Herzegovina, Slovakia, Serbia and Romania and has also had a stake in the Hungarian market leader Lombard Lizing since January 2009.

VB LEASING offers a comprehensive portfolio in three fields of business: Car Lease & Services, Construction & Transport and Machinery. The presence on local markets guarantees customised financing solutions that are tailored to the prevailing market and sector conditions, for all vendor partners and customers.

www.vbleasing.com

Österreichische Volksbanken-Aktiengesellschaft Group (VBAG Group) has consolidated all real estate activities into a single management entity and joint umbrella brand. As a further step toward reducing complexity, Immoconsult and PREMIUMRED were also included in VB Real Estate Services GmbH.

On 15 December 2011, the Österreichische Volksbanken-Aktiengesellschaft Group Supervisory Board approved a new divisional structure. This new structure reflects VBAG Group’s concentration on the core business, its function as the central institution of the Austrian Volksbanks (credit unions).

Immo KAG, which was part of the former Real Estate segment, represents core business and was therefore allocated to the new Market division. All other business units do not constitute core business any longer and will be wound down in the medium term in an orderly, value preserving process.

Real Estate Segment VB Real Estate Services GmbH

Founded in the year 2000, Volksbank Romania S.A. belonged to the banking network of Volksbank International (VBI) until 2011.

On 8 September 2011, the former owners of VBI and representatives of Russian Sberbank signed a contract regarding the sale of VBI. Volksbank Romania was excluded from the sales transaction and has been transferred to a separate entity in October 2011. Volksbank Romania is managed directly by its owners (VBAG Group: 51%, DZ Bank AG/WGZ Bank AG: 24.5%, Banque Populaire Caisse d´Epargne: 24.5%).

Financial statements of Volksbank Romania S.A. and contact details can be found here.

Volksbank Romania S.A