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Kommunalkredit AG, Österreichische#

Kommunalkredit AG, Oesterreichische, founded in 1958, bank specialising in developing industrial sites, today its core business is financing and support of communal infrastructure and environmental projects. In 1993 the Kommunalkredit AG was entrusted with the distribution of state subsidies for environment protection; since then about 6 billion ATS has been allocated for environmental protection projects in the field of water supply, for businesses and sponsorships in Eastern Europe as well as for clearing problem sites and rendering them safe. Since the mid 1990s also active in project management with partners such as the Federal Chancellery, the Foreign Ministry, the World Bank, the European Investment Bank and the European Bank for Reconstruction and Development. Kommunalkredit AG belongs to the Oesterreichische Investitionskredit AG group.

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