Volksbanken#
Volksbanken, commercial credit co-operatives based on the Schulze-Delitzsch system ( gewerbliche Genossenschaften) in existence in Austria since 1850. In 2000 the first level consisted of 68 institutes including the Oesterreichische Volksbanken-AG and Gewerbe-Finanzierungs-AG) with about 600 subsidiaries with a staff of 4,800. Balance sheet total in 1999: 310 bn ATS.
The Allgemeine Bausparkasse (ABV), the Volksbanken-Consulting fuer
Anlagenmanagement AG (VBC), the VB-Factoring Bank AG, the Immoconsult
group, the Victoria Versicherung insurance company and the
Landes-Hypothekenbank Niederoesterreich also belong to the V. Group.
On an international level, the V. Group is part of the Confederation
Internationale des Banques Populaires.