Information: This is an old - not maintained - article of the AEIOU. In the Austria-Forum you find an updated version of this article in the new AEIOU.
GiroCredit Bank AG der SparkassenGiro Credit Bank AG der Sparkassen was established in 1992, when the banks Girozentrale, Bank der österreichischen Sparkassen AG and Österreichische Credit Institut AG merged, with a balance sheet total of 396 billion ATS (December 31, 1996). It is now one of the biggest banks in Austria. In 1994 the Anteilsverwaltung Zentralsparkasse (AZU) acquired more than 50% of the bank´s shares. The AZU also acquired the majority of the shares of Bank Austria AG. A number of activities of both Girokredit AG der österreichischen Sparkassen and Bank Austria, such as investment banking and property management, have been spun off to jointly-held subsidiary companies. In 1997 Girokredit AG der österreichischen Sparkassen was sold and merged with Erste österreichische Spar-Casse Bank AG (Erste österreichische Spar-Casse) to form Erste Bank der oesterreichischen Sparkassen AG.
| |||||||||||||||||||||||||||||||||||
