!!!GiroCredit Bank AG der Sparkassen Giro Credit Bank AG der Sparkassen was established in 1992, when the banks Girozentrale, Bank der oesterreichischen Sparkassen AG and Oesterreichische Credit Institut AG merged, with a balance sheet total of 396 billion ATS (December 31, 1996). It is now one of the biggest banks in Austria. In 1994 the Anteilsverwaltung Zentralsparkasse (AZU) acquired more than 50% of the bank´s shares. The AZU also acquired the majority of the shares of Bank Austria AG. A number of activities of both Girokredit AG der oesterreichischen Sparkassen and Bank Austria, such as investment banking and property management, have been spun off to jointly-held subsidiary companies. In 1997 Girokredit AG der oesterreichischen Sparkassen was sold and merged with Erste oesterreichische Spar-Casse Bank AG ( Erste oesterreichische Spar-Casse) to form Erste Bank der oesterreichischen Sparkassen AG. %%language [Back to the Austrian Version|AEIOU/GiroCredit_Bank_AG_der_Sparkassen|class='wikipage austrian'] %% [{FreezeArticle author='AEIOU' template='Lexikon_1995_englisch'}] [{ALLOW view All}][{ALLOW comment All}][{ALLOW edit FreezeAdmin}]