Bank Austria App Download

UniCredit Bank Austria AG, branded and widely referred to as Bank Austria, is an Austrian bank, 99,9965% owned by Milan-based pan-European banking group UniCredit. Bank Austria was formed in 1991 by merger of Vienna's Lnderbank and Zentralsparkasse, acquired Creditanstalt-Bankverein in 1997, and merged with it to form Bank Austria-Creditanstalt (BA-CA) in 2002. Its name reverted to Bank Austria in 2008, as UniCredit, the bank's owner since 2005, phased out the history-laden Creditanstalt brand.

Bank Austria was formed in 1991 by the merger of the troubled Lnderbank and Vienna's Zentralsparkasse, in practice a takeover of the former by the latter led by its general director Ren Alfons Haiden [de]; the merged entity became Austria's largest bank. In 1996, the Austrian government announced the privatization of Creditanstalt-Bankverein, in which it held a majority stake. In January 1997, Bank Austria acquired the stake for about 1.25 billion euros. In turn, Bank Austria sold a majority stake it held in GiroCredit for 8.24 billion schillings (about 600 million euros) to Erste Bank. In February 1998, the state sold its last shares and the remaining shares on the market were exchanged with shares in Bank Austria, and Creditanstalt was delisted from the Vienna Stock Exchange.

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In June 2005 Italian group UniCredit announced the acquisition of HypoVereinsbank, along with BA-CA. Restructuring led to the creation of a new holding for BA-CA foreign assets in eastern Europe, the transformation of the Polish activity to a full affiliate, the shrinking of BA-CA per se to a smaller market, and the shrinking of HVB to the German market. In order to respect cartel restriction in Croatia, BA-CA's affiliate Splitska banka was sold to Socit Gnrale, for UniCredit already owned Zagrebaka banka.[citation needed] BA-CA acquired Ko Finansal Hizmetler (Turkey), Zagrebaka banka (Croatia), Bulbank (Bulgaria), ivnostenska banka (Czechia), UniBanka (Slovakia) and UniCredit Romania from UniCredit in that operation.[1]

In 2006 BA-CA continued its expansion in Russia by acquiring remaining shares in International Moscow Bank[citation needed] and 100% of institutional business of Aton Capital - a Russian brokerage.[2] Moreover, Kazakh bank ATFBank was acquired in 2007.[3]

Since 31 March 2008, the bank has been operating under the brand name "Bank Austria" and has a new logo to show the connection to the UniCredit Group. It had the strongest capital base among the large banks in Austria, its Core Tier 1 ratio amounted to 10.55% and its Total Capital ratio to 12.7% as of 31 December 2011.

According to court documents, over the course of almost 10 years, UCB AG knowingly and willfully moved at least $393 million through the U.S. financial system on behalf of sanctioned entities, most of which was for an entity the U.S. Government specifically prohibited from accessing the U.S. financial system. UCB AG engaged in this criminal conduct through a scheme, formalized in its own bank polices and designed to conceal from U.S. regulators and banks the involvement of sanctioned entities in certain transactions. UCB AG routed illegal payments through U.S. financial institutions for the benefit of the sanctioned entities in ways that concealed the involvement of the sanctioned entities, including through the use of companies that UCB AG knew would appear unconnected to the sanctioned entity despite being controlled by the sanctioned entity.

UCB AG will waive indictment and be charged in a one-count felony criminal information, according to documents to be filed in federal court in the District of Columbia, charging UCB AG with knowingly and willfully conspiring to commit violations of IEEPA and to defraud the United States, from 2002 through 2011. UCB AG has agreed to plead guilty to the information, has entered into a written plea agreement and has accepted responsibility for its criminal conduct. UCB AG will enter its guilty plea before a judge in the District of Columbia. UniCredit Group banks will pay total financial penalties of approximately $1.3 billion. The plea agreement, subject to approval by the court, provides that UCB AG will forfeit $316,545,816 and pay a fine of $468,350,000.

On 21 November, we affirmed the ratings of UniCredit Bank Austria AG (UBA), including the bank's A2 deposit ratings and its A3 senior unsecured debt ratings and changed the outlook on these ratings to stable from negative.

UBA's baa2 BCA reflects the bank's sound financial strength, based on its strong capitalisation; its moderate reliance on confidence-sensitive market funding; and its sound liquid resources. The bank's BCA is also supported by its sustainably improved profitability and asset quality, balancing concentration risks from domestic equity participation and commercial real estate lending. Although UBA's standalone financial strength is commensurate with a baa1 BCA, we cap UBA's BCA one notch above that of its parent bank UniCredit S.p.A. (UniCredit, Baa1 stable/Baa1 negative, baa3).1 because of common branding, intragroup exposures, close operational and financial linkages with UniCredit and related transmission risks from its financially weaker parent.

Competition - Administrative procedure- Publication of a decision finding an infringement of Article 81 EC and imposing fines - Fixing of deposit and borrowing rates by Austrian banks ("Lombard Club') - Rejection of a request to omit certain passages.

Specifically, between January 2007 and December 2011, UniCredit Bank AG processed over 2,000 payments totaling over $500 million through financial institutions in the United States in apparent violation of multiple U.S. sanctions programs. During this time period, UniCredit operated U.S. dollar accounts on behalf of the Islamic Republic of Iran Shipping Lines (IRISL) and several companies owned by or otherwise affiliated with IRISL, and managed the accounts of those companies in a manner that obscured the interest or involvement of IRISL in transactions sent to or through U.S. intermediaries. For a number of years up to and including 2011 (UniCredit Bank AG) and 2012 (UniCredit Bank Austria AG and UniCredit Bank S.p.A.), all three banks processed payments to or through the United States in a manner that did not disclose underlying sanctioned persons or countries to U.S. financial institutions which were acting as financial intermediaries.

UniCredit Bank Austria is part of UniCredit, a simple successful pan-European commercial bank, with fully plugged in corporate and investment banking, delivering a unique Western, Central and Eastern European network to its extensive client franchise. UniCredit offers both local and international expertise to its clients, providing them with unparalleled access to leading banks in its 13 core markets through its European banking network: Italy, Germany, Austria, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Hungary, Romania, Russia, Serbia, Slovakia and Slovenia. Leveraging on an international network of representative offices and branches, UniCredit serves clients in another 18 countries worldwide.

We have been a full-fledged wholesale banking unit focused on the Austrian domestic market since 2011. Over the years, we have helped both local and global corporations succeed in Austria. We serve as a gateway between Western and Eastern Europe for international clients, while additionally providing an ever-increasing number of Austrian corporations with wholesale banking products and expertise.

The EIB aims to fill this market gap together with partner banks and other financial intermediaries. To this end, last year the EU bank provided a climate action programme loan to Austria. The framework loan for UniCredit Bank Austria announced today is the first sub-operation within this EIB programme.

UniCredit Bank Austria is one of the leading and best capitalised major banks in Austria and part of UniCredit, a pan-European commercial bank with a unique service offering in Italy, Germany, and Central and Eastern Europe. Digitalisation and our commitment to ESG principles are key enablers for our service. They help us deliver excellence to our stakeholders and create a sustainable future for our clients, our communities and our people.

If you think you've used the wrong SWIFT code to send money, you should get in contact with your bank right away. They may be able to cancel the transaction. If it's too late to cancel, you might have to contact the recipient yourself and request that they return your money.

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The bank also needed to construct a processing engine for cleaning and computing derived data. They wanted to give access to that data to groups concerned with market, operational, and counterparty risk management; asset-liability management; market conformity checking; and capital adequacy. Finally, to give subsidiaries across Europe access, UniCredit Bank Austria wanted to develop a J2EE framework that accessed the market data engine.

In 2000, a $40 million agreement was negotiated between Bank Austria (which acquired the Creditanstalt in 1998) and American class action lawyers stipulating that survivors and heirs could make a claim for outstanding bank accounts, securities, saving books, money sent to concentration camp prisoners, or loss of private property. The deadline for filing the claim was May 31, 2000. By December 2000, 60,000 claims had been received, of which 20,000 have been processed.

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