Terminology
Volksbank AG
Central institution of Volksbank Group
Brand: Volksbank AG (for short: VBAG)
Business name: Österreichische Volksbanken-Aktiengesellschaft
(for short: ÖVAG)
Brand: Volksbank AG (for short: VBAG)
Business name: Österreichische Volksbanken-Aktiengesellschaft
(for short: ÖVAG)
VBAG Group
Volksbank AG with its subsidiaries in Austria and abroad: Investkredit Bank AG, VB-Factoring Bank AG, Volksbank Malta, Europolis AG*, Premiumred Real Estate Development GmbH, Immoconsult Leasinggesellschaft m.b.H., Volksbank International AG with its subsidiaries in CEE, VB-Leasing International Holding GmbH, VB Leasing FinanzierungsgmbH
Volksbank primary banks
Local Volksbanks including 6 banks with specialised professional expertise (Österreichische Apothekerbank reg. GenmbH, Gärtnerbank reg. GenmbH, Immo-Bank AG, Sparda-Bank Linz reg. GenmbH, Sparda Bank Villach/Innsbruck reg. GenmbH, Wiener Spar- und Kreditinstitut reg. GenmbH (WSK)) and 7 credit co-operative banks.
Volksbank-Sector
Volksbank primary banks and VBAG Group
Association of Volksbanks
Volksbank-Sector, Allgemeine Bausparkasse reg. GenmbH (ABV)
Volksbank Group
VBAG Group, Association of Volksbanks and all Volksbanks in Austria and abroad
Co-operative bank
Volksbank Group is a member of Österreichischer Genossenschaftsverband (Schulze-Delitzsch) – known as ÖGV for short. ÖGV represents the interests of and acts as an auditing association for independent regional Volksbanks whose co-operative assignment is to advance and support their respective local and the companies and private customers located there. The regional focus of Volksbanks enables targeted regional use of financial resources.
VBAG’s subsidiary Europolis AG has been sold to CA Immo AG as resolved on 24 June 2010. The closing is planned for January 2011.
