The first bank of the Austrian savings banks AG is the second largest bank of Austria after balance sheet total and Spitzeninstitut of the savings banks. It was created 1819 as the first Austrian save Casse after German and English model. Since 1997 those so far second large savings bank of Austria, which notices GiroCredit, by which AVZ/Bank Austria was taken over, the first bank the guide roller in the savings bank sector, which is consistently removed since the stock exchange course in the same year. With the 61 Land of the Federal Republic savings banks the first bank AG part of the Austrian group of savings banks is common.

Over the so-called adhesion group the first bank has the reaching through right to nearly all savings banks of Austria. At some selected institutes (Salzburger savings bank, Tiroler savings bank, bank among other things) it is also involved. Beside the central savings bank of the municipality Vienna it was the second larger savings bank of Austria. The bank is thus one of the most important credit institutes in central and Eastern Europe.

Characteristic numbers and firm's structure

2005 had the first bank group with all its foreign participations of the majority approximately 48,000 coworkers, 2,700 branches, 17 million customer (inclusive BCR) and a balance sheet total of approximately 160 billion euro.

By assumptions and independent expansion of the branch network the first bank could develop a large branch network owing to several capital increases in central and Eastern European countries, where it is represented in the following countries:

• Tschechien: sporitelna (98%)
• Slowakei: sporitelna (100%)
• Hungary: First bank Hungary (99.9%; formed from own branches, and Postabank)
• Romania: Banca Comerciala Romana (61.88%)
• Slovenia: no own branches, but branches of the savings bank
• Serbia and Montenegro: First bank Serbia (83.28%; formed from the Novosadska banka)
• Croatia: First bank Croatia (62%; formed from Rijecka banka, savings bank, Bjelovarska banka, Trgovacka banka and Cakovecka banka)

Owner structure

The shares of the first bank note in the ATX at the Viennese stock exchange, principal shareholder are "„the first Austrian save Casse private donation "“(32.5%). For the financing of the BCR assumption, which in the middle of must be paid 2006, the first bank accomplished a capital increase, which brought in 2.918 billion euro.

After the capital increase "„the first private donation will have "“still approximately 30% portion of the enterprise. Private investors and coworker will hold approximately 10%, and "„for the Austria association "“approximately 5%. Austrian savings banks will hold likewise still approximately 5%, and institutional investors the remaining 50%.

The most important milestone in co-operation with the Austrian savings banks was set on 26 September 2001 with the establishment of the adhesion group between first bank and savings banks. Almost all domestic savings banks guarantee the inserts of their customers mutually.

History

In the economically difficult years after the end of the Napoleoni wars emperor Franz I. energized the establishment of a savings bank after German and English model. Johann Baptist weber, minister in the today's Viennese municipality district Leopoldstadt, took up this thought. It created 1819 "„the association of the first Austrian save Casse "“and on 4 October 1819 opened for its first Bankstelle its switches.

Their tasks were described in such a way in the statutes of the year of the foundation: "„[it has] the purpose [...] the factory hand, the land man, or otherwise an trade-industrious and economical person under age or of age to give the means to the hand from its laborious acquire occasionally a small Capital to put back, over such in later days for the reason of a better supply, to control, to would help out in illness, at the age or for the reaching of any commendable purpose to use "“. This guidance motive of the savings bank - the promotion of the savings convicition and the precaution - remained unchanged by generations through up to the today's day in its core. As Signet first selected a symbol for thriftiness and diligence: the bee

Already soon after the establishment first developed rapidly and reached together with it the attached "„general institute for supplying "“a propagation by means of the entire Danube monarchy. The 1824 created "„Cassa di Risparmio depression Provincie Lombarde - Cariplo "“, today the world largest savings bank, decreases/goes back statutory to first.

Reconstruction after that 2. World war

The time after the connection brought also for "„first "“a serious acid test. It nevertheless succeeded at that time to keep despite largest Repressionen, the word "„Austrian "“in the firm wording.

The momentumful reconstruction after the Second World War brought a development with itself, which opened also new divisions for the first bank: the expansion of the private exchange, the promoted savings forms, the financing of investments, the promotion of new products, in the assistance in the export and the granting of credit for the private household. The development of the banks to the universal problem settler for all customer groups progressed rapidly. Clear expression of this new philosophy was the completely new appearance of the Corporate Identity of the first bank in the year 1977. Also optically thereby the break-through was inward documented to the modern bank outward as.

The 1979 effected introduction of the credit system law, the branch release 1977 as well as the notice of the credit interest agreement 1980 led to a fundamentally new situation in the Austrian credit and finance. In an atmosphere of the liberalisation of the legal basic conditions as well as the internationalization and rapidly progressing mechanization of the banking transaction it came to a race of all credit enterprises over so far primarily from other institutes cared for customer groups.

In the year 1993 the business concern of the first bank was transferred in accordance with the credit system law novella 1986 to a corporation. That was reached by the fact that "„the first Austrian save Casse - bank "“its entire banking transaction on "„the first Austrian save Casse - transferred bank corporation "“, a again created subsidiary, which became the operational bank.

"„The first Austrian save Casse "“remained insisting their name as the holding company for the shares at the again created subsidiary and changed at the same time with the transmission of the banking transaction on "„the first Austrian save Casse portion administrative savings bank (AVS) "“.

In accordance with credit system law 1979 the first bank up to 1991 500 million Schilling (approximately 36.3 millions euro) went participation capital. After 1993 the first bank preference stocks could go. In November 1993 the preference stocks at the Viennese stock exchange were noted, I/O-Generali and BARC, which already held Partizipationsscheine, exchanged these in preference stocks. Additionally offered the first 1993 to the public preference stocks. 1994 to 1996 Partizipationsscheine in preference stocks exchanged, with which result that nearly all Partizipationsscheine, which became to go from the first bank are exchanged.

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