Top Banks in Austria

Guide to the top banks in Austria

Overview of Banks in Austria

There are more than 700 banks in Austria. The Austrian banking system is a universal banking system that offers lots of potential for synergies and risk mitigation. According to Moody’s, Austria’s banking system is stable, due to its lower exposure to higher risk Central and Eastern Europe (CEE) countries.

top banks in austria

Structure of Banks in Austria

Banks in Austria are organized into different trade associations according to sectors. The sector structure is generally followed, although there may be a few differences in the business models of individual banks:

  • Single tier structure – Includes joint-stock banks, housing construction banks, and specialized credit institutions, as well as mortgage banks
  • Two-tier structure – Includes savings banks and Volksbanken (Co-operative banks)
  • Three-tier structure – Includes Raiffeisen banks

For anyone considering a banking career in Austria, this list of the top banks in Austria will be a helpful guide for where to start.  To learn more, see our lists of financial institutions.

The Top Banks in Austria:

Erste Group Bank

Erste Group Bank was founded in 1819 and is headquartered in Vienna. The bank employs around 45,411 staff and is present in 7 countries. Erste Bank operates through 2,193 branches in Austria, the Czech Republic, Slovakia, Romania, Hungary, Croatia, and Serbia.

It is the largest of all the banks in Austria, offering a wide range of banking and other financial services to corporate and retail customers in Austria, in Central and Eastern Europe, and internationally.

Net income: EUR 780 million (2020)

Total assets: EUR 305 billion (2020)

RZB Group

RZB Group is one of the largest banks in Austria. Founded in 1927, the bank provides commercial and investment banking products and services to individuals, multinational companies, and financial service providers. It also offers corporate finance, export and trade financing services, private banking, capital investment, leasing, real estate, and other bank-related services. It operates in Central, Western, and Southeastern Europe, and Asia.

The bank employs around 50,000 staff and is headquartered in Vienna. In 2016, the bank reported total assets of US$159 billion and a total income of US$290 million.

UniCredit Bank Austria AG

UniCredit Bank Austria was established in 1855 and offers Corporate Banking, Private Banking, Retail Banking, and Corporate and Investment Banking segments. The bank operates in various countries, such as Italy, Germany, Austria, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Hungary, Romania, Russia, Slovakia, Slovenia, Serbia, and Turkey.

The bank was formerly known as Bank Austria Creditanstalt AG. In 2008, it changed its name to UniCredit Bank Austria AG. The bank currently employs 5,215 individuals and is headquartered in Vienna.

Net income: EUR 20 million (2020)

Total assets: EUR 118.5 billion (2020)


BAWAG was founded in 1922, making it one of the oldest banks in Austria. It provides banking products and services primarily in Austria, Germany, the United Kingdom, France, and the United States. The bank employs 3,485 staff and is headquartered in Vienna.

Net income: EUR 284 million (2020)

Total assets: EUR 53 billion (3/2021)

Raiffeisen Bank International AG

Established in 2010, the Raiffeisen Bank International is into private, commercial, and retail banking. The bank provides retail, corporate, and investment banking services. It offers various financing products and services, including corporate finance, structured finance, corporate bonds, factoring services, leasing services, and investment solutions.

Raiffeisen Bank employs 48,556 staff and operates 2,500 business outlets in Central, Southeastern, and Eastern Europe.

Net income: EUR 800 million (2020)

Total assets: EUR 176.2 billion (3/2021)

Oesterreichische Kontrollbank AG

The bank is one of the few special-purpose banks in Austria. Founded in 1946, it provides financial and information services to the export industry and capital markets both in Austria and abroad. It is headquartered in Vienna and currently employs 442 staff.

As of 2016, the bank’s total income was US$100.3 billion and total assets were US$31,263.4 billion.


Raiffeisen Bank Niederösterreich

Founded in 1927, the bank provides banking products and services. It employs 1,185 staff and is headquartered in Vienna.

As of December 31, 2015, the bank was operating through 44 branches, which include 33 retail banking branches, one private banking office, five centers for trade and business customers, and five locations for the company’s organization and its employees.

Total assets: EUR 28 billion (2019)

OberBank AG

OberBank was established in 1869, making it the oldest of the top banks in Austria. It provides banking products and services to individuals and corporations.

The bank employs 2,175 employees and is headquartered in Linz. It operates through a network of 176 branch offices, which include 98 branches in Austria, 28 branches in Germany, 21 branches in the Czech Republic, nine branches in Hungary, and three branches in Slovakia. 

Net income: EUR 123.5 million (2020)

Total assets: EUR 24.4 billion (2020)


Founded in 1888, HYPO NOE Gruppe operates as one of the regional banks in Austria. It operates in four different segments: Gruppe Bank, Leasing, Landesbank, and Other. The Gruppe Bank segment offers banking, real estate, corporate finance, and treasury services.

The Leasing segment provides several leasing solutions. The Landesbank segment offers housing finance, insurance brokerage services, and funding for non-profit housing association building projects. The Other segment deals with construction, property development, management, and marketing activities.

The bank employs 863 staff and is headquartered in St. Pölten.

Net income: EUR 31.9 million (2020)

Total assets: EUR 16.4 billion (2020)

Raiffeisen-Landesbank Steiermark

The bank was established in 1927 and is based in Graz. With 926 staff, the bank operates through Retail, Corporate, Equity Investments, Capital Market and Treasury, and Other segments.

Net income: EUR 10.1 million (2018)

Total assets: EUR 12.2 billion (2018)

Careers in Investment Banking

To break into investment banking there are several important things to focus on.  These include networking, resume, experience, and financial modeling skills.  To learn more, explore our interactive career map.

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For banking careers, you will have a significant edge over the competition with our financial modeling courses.

Additional Resources

This has been CFI’s guide to the top banks in Austria.  For anyone looking for a career in banking, this list is a great place to start your networking.  Please also see these additional resources:

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Become a certified Financial Modeling and Valuation Analyst (FMVA)® by completing CFI’s online financial modeling classes and training program!

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