List of Banks in Austria: Major and Regional Players

Austria is home to a robust banking system, with a variety of major and regional players. One of the major banks in Austria is Raiffeisen Bank International, which is a leading provider of financial services in Central and Eastern Europe.

Raiffeisen Bank International has a significant presence in Austria and offers a wide range of banking services, including retail banking, corporate banking, and investment banking. Its headquarters is located in Vienna.

Another major bank in Austria is Erste Group, which is one of the largest banks in Central Europe. Erste Group has a long history dating back to 1819 and has a strong presence in Austria, the Czech Republic, Slovakia, and other countries.

Erste Group offers a wide range of banking services, including retail banking, corporate banking, and investment banking.

In Austria, you'll find a diverse range of banks catering to different needs and preferences.

Raiffeisen Bank International is one of the largest banks in Austria, with a strong presence in Central and Eastern Europe.

Erste Group Bank is another prominent bank in Austria, offering a wide range of financial services.

Online accounts in Austria offer a range of options, including digital banks. You can consider Revolut, which offers a free Standard plan with a debit card and basic banking services, or N26, which also offers an app-based current account with a virtual card.

Revolut's monthly plans include more perks and features as you pay more, while N26's free Standard plan comes with a virtual card. If you're looking for a money-saving alternative for sending money overseas, consider opening a Wise multi-currency account.

With Wise, you can send money worldwide for low fees and fair exchange rates, and your money is always safeguarded. You'll also get dedicated support for large amount transfers. Additionally, you can get an international debit card for spending in 175 countries.

Here are some online accounts to consider:

Oberbank is an independent bank with a history dating back to 1869. It describes itself as a "regional bank in the heart of Europe".

The bank has a handful of checking accounts available, including its Be Classic Account. This account is a straightforward option for everyday banking.

Oberbank also offers a sustainable option, the Be(e) Green Account, which has been awarded the Austrian Ecolabel. For every new account opened, the bank makes a contribution to maintaining local bee habitats.

Raiffeisenlandesbank Niederoesterreich-Wien AG is a significant player in the Austrian banking scene, ranking seventh in terms of total assets with €28 billion.

Founded in 1898, this bank has a rich history and has been serving its customers for over a century.

Its headquarters is located in Vienna, the capital city of Austria.

As one of the biggest commercial banks in Austria, Raiffeisenlandesbank Niederoesterreich-Wien AG offers a range of products including deposits, loans, and finance.

Oesterreichische Nationalbank (OeNB) is the central bank of the Republic of Austria, playing a crucial role in shaping the monetary and economic policies in Austria and the euro area.

OeNB was established in 1816 to stabilize the currency and promote economic growth. This marked the beginning of its significant contributions to Austria's banking industry.

As an integral part of the European System of Central Banks (ESCB), OeNB upholds the principles of stability and security.

OeNB diligently carries out diverse responsibilities, including cash management, ensuring financial stability, and implementing effective monetary policies.

Here are some key points about OeNB:

OeNB has a long history, with significant milestones including joining the EU in 1999 and becoming a member of the European System of Central Banks.

BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse Aktiengesellschaft operates in Austria, Germany, Switzerland, the Netherlands, Western Europe, and the United States. It provides a range of financial services including retail banking, corporate banking, and real estate services.

UniCredit Bank Austria AG is a prominent bank in Austria, established in 1855 with over 5000 employees. It operates primarily in Austria with international branches and subsidiaries.

Here are some key facts about the two banks:

UniCredit Bank Austria AG has a workforce of over 5000 employees and a net income of €823 million in 2022.

Erste Und Sparkasse is a bank that stands out for its long history and extensive services. It's one of the largest financial services providers in Europe.

Erste Group has a wide range of accounts, savings and investment products, credit, finance, and insurance options. This makes it a one-stop-shop for all your financial needs.

Their online checking account is super popular for everyday banking. It's a great option for those who want to manage their finances digitally.

The bank also offers a dedicated student account and youth account, which is perfect for young people who want to start building their financial future.

Addiko is a consumer and small business specialist that primarily offers savings products to personal customers. It's a great option for those looking to grow their savings over time.

One of its most popular accounts is the Fixed Deposit (festgeld) account, which can be managed via online banking. This account is perfect for those who want a low-risk investment option with a fixed interest rate.

Addiko also offers an easy access Per Diem (tagesgeld) account, which allows customers to withdraw their money at any time without penalty. This account is ideal for those who need quick access to their funds.

To help customers choose the right account, Addiko provides a handy calculator to work out how much interest their money will earn in each account. This tool is a great resource for anyone looking to maximize their savings.

Here are some key features of Addiko's savings accounts:

BAWAG P.S.K. für Arbeit und Wirtschaft und Österreichische Postsparkasse Aktiengesellschaft is a major player in the Austrian banking scene. It offers a wide range of financial services to meet the needs of various customer segments.

The bank provides retail banking, small business banking, corporate banking, real estate services, and public sector banking. With a focus on simplicity, transparency, and affordability, BAWAG Group aims to deliver its services through multiple channels, ensuring accessibility for all clients.

BAWAG P.S.K. operates in Austria, Germany, Switzerland, the Netherlands, Western Europe, and the United States. Its services include retail banking, corporate banking, and real estate services.

The bank's expertise is in providing comprehensive services for individual customers, tailored solutions for businesses, and financial products for the real estate sector.

Österreichische Volksbanken-Aktiengesellschaft, or Volksbank for short, is a major player in the banking scene. They offer a wide range of financial services tailored to various customer segments.

One of the standout features of Volksbank is their comprehensive digital banking services. They have various apps and online tools that make managing your finances a breeze.

Their loan options are also quite impressive, with a wide range of personal and business loans available. Whether you need a loan for a big purchase or to cover unexpected expenses, Volksbank has got you covered.

If you're looking for a bank with multiple account types and card options, Volksbank is a great choice. They tailor their services to different customer segments, so you're sure to find an account or card that suits your needs.

Here are some of the key features of Volksbank's services:

Regional banks in Austria play a vital role in the country's banking system. They are smaller in size compared to the larger commercial banks.

Some notable regional banks include Raiffeisen Bank International, which operates in over 15 countries, and Volksbank, which has a strong presence in the Austrian market.

Regional banks focus on serving local communities and often have a more personalized approach to banking. They offer a range of services including mortgage loans and savings accounts.

Raiffeisen Zentral is a prominent bank in Austria, founded in 1927 in Vienna. It's the second-largest bank in Austria, with a strong presence in the region.

With over 47,000 employees, RZB Group serves 16 million clients worldwide, making it a significant player in the industry. Its expertise lies in asset management, mergers & acquisitions, and leasing, which has earned it a reputation as one of the largest investment banks in Austria.

RZB Group's total assets are a staggering €152.2 billion, a testament to its financial strength and stability. Its commitment to sustainability and responsible banking practices is also noteworthy.

Here are some key facts about RZB Group:

RZB Group's history dates back to 1927, when it was founded as a cooperative central bank. Over the years, it has undergone significant transformations, including a rebranding as Raiffeisen Zentralbank (RZB) and later as Raiffeisen Bank International (RBI). Today, it operates as a major commercial and investment bank in Austria and Central and Eastern Europe.

Raiffeisenlandes Oberosterreich is a significant player in Austria's banking scene. It's the fifth-largest bank in the country, with total assets of €37.2 billion.

This bank has a strong presence, with 17 branches that cater to various customer needs. It specializes in corporate banking, retail banking, private banking, and investor relations.

Raiffeisenlandes Oberosterreich has a wide reach, serving over 80,000 private customers. Its corporate banking services are particularly notable, given the bank's focus on industrial, corporate, and large-scale customers.

The bank's expertise in investment banking makes it one of the largest investment banks in Austria. Its commitment to serving small and medium-sized enterprises is also noteworthy, reflecting its dedication to community development.