Top List of Banks in Austria

Banks operating in Austria are part of an ex­tensive net­work. Germany and Switzerland have traditionally been the main markets for Austrian banks, but now banks are increasingly looking to CEE markets. Important trading partners include the Czech Republic, Poland, Croatia and Romania, Slovakia, Hungary and Slovenia. Banks have also extended their activities in Ukraine, Russia and Belarus.

Results show that the four largest financial institutions dominate the Austrian banking sector. As of 2008, those four banks accounted for more than 80 per cent of total assets with above 75 percent of the Austrian banking sector staff. Moreover, two nonbank financial institutions, an insurance company and a pension fund management company, are significant players in overall banking. Let's take a look at the banks that are making moves in Austria.

Erste Group Bank

Erste Group Bank AG, known as Erste Group, is based in Vienna, Austria. It was founded as the Erste Österreichische Spar-Casse (First Austrian Savings-bank) in 1819. It is the first company to be listed on the Vienna Stock Exchange. As the top financial services assistant in the eastern part of the European Union, Erste Group provides retail, corporate, and investment banking services to its customers through a network of more than 2,193 branches, including subsidiaries. It has more than 45,000 employees under its payroll. Its total assets sum up to EUR 305 billion (USD 332.14 billion)

RZB Group

RZB Group is the most important bank in Austria. The group is also number one in Central and Eastern Europe (CEE). RZB is a leader in project finance, corporate finance, capital market transactions and traded credit. In addition to this, the RZB Group offers an extensive range of financial services. 

The bank headquarters is in Viena, and Within the RZB Group, Raiffeisen Bank International AG (RBI) is responsible for Austria's business relations for the international capital market. Rabobank Nederland.

The bank has a total of 50,000 with an asset of EUR 146.01 billion (USD 159 billion)

UniCredit Bank Austria AG

With approximately 1,700 business outlets and over 12 million customers in 13 European countries, UniCredit Bank Austria AG is Austria's largest banking group. Its corporate customers' division offers comprehensive industry expertise and excellent financing solutions. The bank offers products and services to private and corporate clients, banking and markets, capital market services, and wealth management.

The bank runs several branches and modern ATMs across Austria, enabling customers to enjoy the services well.

It has an asset of more than 118.5 billion (USD 129.05 billion)


The BAWAG PSK is one of Austria's oldest and biggest commercial banks. It operates more than 69 branches throughout the country, with a full-service bank that provides banking services through different distribution channels and subsidiaries: customer centricity, efficiency, quality and service, cooperation and innovation.

Currently, it boasts more than 3485 employees distributed in several of its branches. Its total assets are at EUR 53 billion (USD 57.72 billion)

Raiffeisen Bank International AG

Raiffeisen Bank International AG (RBI) is an Austria-based financial group that operates in Central and Eastern Europe (CEE). The group business model has four main activities: Retail Banking, Corporate Clients and Investment Banking, Business Customers and CEE Offices. The RBI comprises the parent bank Raiffeisen Bank International AG, operating in 16 markets of Europe and numerous subsidiaries and associated companies.

Additionally, the Group encompasses several other financial service providers, for instance, in leasing, asset management or M&amp. The bank has more than 2500 business outlets and 48,558 employees on its payroll. Its total assets are estimated to be EUR 176.2 billion ( USD 192.21 billion)

Oesterreichische Kontrollbank AG

Oesterreichische Kontrollbank is a universal bank, which serves central institutions and the public sector, companies from all economic sectors and private investors. Its mission is to provide secure and efficient financial services for the export industries of Austria by offering economic and political risk insurance, export guarantees and loans to foreign buyers. The bank also issues asset-backed certificates and connects issuers with investors.

The bank has 44 branches that have enough employees to serve their customers. Its assets are worth 28 billion (USD 30.49 billion) as of 2019.

OberBank AG

OberBank AG is a regional credit institution in Austria, with branches in Germany and Slovakia. Oberbank AG provides banking services to private and commercial clients. The Bank offers corporate loans, leasing, equities, foreign exchange transactions, securities trading, portfolio management, mortgages and savings products services. Its products and services include private banking, corporate clients, online banking, capital markets and securities services.

The bank has 98 branches spread across different countries with several ATMs. its estimated total assets stand at EUR 24.2 billion (USD 26.57 billion)


The HYPO NOE Gruppe is one of Austria's largest financial institutions, offering a wide range of services - ranging from private banking and retail to corporate clients. The group includes both commercial and savings banks and several financing companies. It offers a full spectrum of banking services, from asset management and M&A advisory to financial engineering, deposit taking, trading and international banking.

The bank has its headquarter in St. Pölten employs more than 863 staff to serve its customers. Total asset is reported to be EUR 16.4 billion (USD 18.08 billion)

Raiffeisen-Landesbank Steiermark

Raiffeisen-Landesbank Steiermark is an Austria-based bank. The Bank's services comprise retail banking, business banking and corporate banking. It has a branch in Liechtenstein and offices abroad in Slovenia and Osterreich, among other locations.

It was established in 1927 with primary focus operations in equity investments, corporate, retail, treasury and capital market. The bank has more than 920 staff operating in their branches. Total assets are EUR 12.2 billion (USD 13.29 billion) as of 2018


N26 is a new generation bank for people on the go. N26 accounts come with free Mastercard debit cards, free cash withdrawals anywhere in the world, and real-time push notifications. There are no monthly fees, and some of their best features include mobile check deposits, free ATM withdrawals abroad and no surprise transaction fees when spending abroad. Its total assets are valued at EUR 250 million (USD 272 million)


Can a foreigner open a bank account in Austria?

Yes, a foreigner can open a bank account in Austria provided they avail their valid photo ID and proof of address which does not have to be Austria.

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