Oberbank

#2623

Rank

$4.66B

MarketCap AT

AT Austria

Country

Summary
Oberbank AG provides various banking products and services. The company operates through Corporate and Business Banking, Personal Banking, and Financial Markets segments. It provides savings, youth, student, and business accounts; consumer and housing finance; working capital loans; car and equipment leasing; factoring and guarantees; life insurance; credit and debit cards; export financing; and private banking. It operates through 178 branches. Oberbank AG was founded in 1869 and is headquartered in Linz, Austria.

History

The bank developed in the course of the 17th century from the trading business of the long-established Linz ship master family Scheibenpogen. Therefore, the bank has been in existence since about 1650. In the 19th century it went to the Eidam of the former mayor of Linz, Johann Michael Scheibenpogen , Josef Planck, and was called J. M. Scheibenpogens Eidam. Josef Planck's 1844 descendants, Planck von Planckburg, transformed the private bank into a public limited company in 1869, the "Bank für Oberösterreich und Salzburg".

In the 1930s the three regional banks Bank für Oberösterreich und Salzburg , Bank für Kärnten AG and Bank für Tirol und Vorarlberg Aktiengesellschaft were taken over by Creditanstalt in Vienna. In 1933, CA acquired a majority stake in Oberbank by issuing new shares.

In 1952, one third each of CA's shares were transferred to the three banks Oberbank, Bank für Kärnten und Steiermark and Bank für Tirol und Vorarlberg. Due to their common history and similar corporate cultures, the originally capital-based interdependence of Oberbank, BKS and BTV has developed into a close and particularly friendly cooperation that has been expressed since 1997 in a joint appearance as the 3-Banken-Gruppe.

The IPO of Oberbank, BKS and BTV on 1 July 1986 was the most important step towards securing independence. A large number of shareholders were a prerequisite for the banks to be able to permanently detach themselves from CA's influence and pursue an independent strategy.


Mission
Oberbank's mission is to empower its customers with innovative financial products and services and to provide them with a tailored experience.

Vision
Oberbank's vision is to become one of the most successful and respected banking groups in Europe, offering innovative products and superior service to an evolving customer base.

Key Team

Mr. Martin Seiter M.B.A. (Member of Management Board)

Mr. Harald Hummer (Head of Accounts & Controlling)

Magistrate Dietmar Holzinger-Bocskor M.B.A. (Head of Corp. & International Fin.)

Mr. Gerhard Braun (Head of Investor Relations)

Dr. Michaela Gerschpacher (Compliance Officer)

Magistrate Andreas Pachinger (Head of Communication & Corp. Sec.)

Magistrate Volkmar Riegler M.B.A. (Head of HR)


Recognition and Awards
Oberbank has won a variety of awards over the years, including the “Best Bank in Austria 2017” by Global Finance magazine and the “Bank of the Year 2018” by the Euromoney Awards for Excellence.

References
Oberbank
Leadership team

Dr. Franz Gasselsberger M.B.A., MBA (Chairman of the Management Board & CEO)

Dr. Josef Weißl M.B.A., MBA (Member of the Management Board)

Magistrate Florian Hagenauer M.B.A., MBA (Member of Management Board)

Products/ Services
Banking, Financial Services
Number of Employees
1,000 - 20,000
Headquarters
Linz, Oberosterreich, Austria
Established
1869
Net Income
100M - 500M
Revenue
500M - 1B
Traded as
OBS.VI
Social Media
Wed Feb 28 2024
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