The Österreichische Volksbanken-AG Group

The Österreichische Volksbanken-AG Group is based on the values of a cooperative economic system and the principles of a stakeholder business model. Its ownership structure also allows it to focus its targets on a long-term basis. The sustained support of the cooperative system and the association of Volksbanks is a key strategic cornerstone. At the same time, as the leading institution in the Volksbank sector, VBAG is a key pillar of support for the Austrian economy. It is classified as being of systemic relevance to the banking sector.

Its activities are focused on its customers, partners and employees. The Group stands for trust, reliability, competence and top quality. Every day, we aim to exceed our customers’ expectations. We aim to act responsibly, sustainably, corporately, rapidly and flexibly.

For many years VBAG has had a stable and reliable ownership structure based on a strong Austrian core shareholder: Volksbanken Holding, which stands behind all 62 regional Volkbanks, has a 50.1 % interest. The Republic of Austria has 43.3 % share, DZ-Bank Group has a 3.8 % share, with ERGO Group and RZB holding shares of 1.5 % and 0.9 % respectively. Only 0.4 % of shares are in free float, thus ensuring an extremely stable ownership structure. VBAG also maintains close business ties and strong service relationships with its shareholders.

On 15 December 2011, the Österreichischen Volksbanken-Aktiengesellschaft (VBAG) Supervisory Board passed a resolution for the internal reorganisation of the divisions. Organisationally, the bank is divided into four divisions.

• Executive Departments and Services
• Risk
• Market
• Non Core Business

The new divisional structure reflects the concentration on core business and underpins Österreichische Volksbanken-AG’s task of servicing the regional Volksbanks and supporting them with innovative products.