Volksbank_Group
Volksbank Group
Bank in Austria
The Volksbank Group is a cooperative banking group in Austria, whose central entity is Vienna-based Volksbank Wien AG. It includes seven other regional banks (Volksbank Niederösterreich in Lower Austria, Volksbank Oberösterreich in Upper Austria, Volksbank Kärnten in Carinthia, Volksbank Salzburg in Salzburg, Volksbank Steiermark in Styria, Volksbank Tirol in Tyrol, Volksbank Vorarlberg in Vorarlberg) as well as a specialized bank for the health professions in Austria, the Österreichische Ärzte- und Apothekerbank . The group has been designated as a Significant Institution since the entry into force of European Banking Supervision in late 2014, and as a consequence is directly supervised by the European Central Bank.[1][2]
The representative association of the Volksbank Group members is the Österreichischer Genossenschaftsverband , established in 1872.