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Bank Austria was the first bank in foreign majority ownership to appear on the Slovene market in 1991. A year later, it was joined by Banka Creditanstalt. As a result of the merger of their parent banks in Austria, Banka Creditanstalt d.d. merged with Bank Austria d.d. in Slovenia on 2nd November, 1998.
The new bank has full authorizations for the performance of a wide range of banking services for customers. Also operating within this bank group are CA IB Securities, d.d., Ljubljana, which provides consulting services in investment banking, and CA-SKB Leasing d.o.o., Ljubljana, which is engaged in leasing activities.
Slovenia and Austria are traditional foreign trade partners. Austria is Slovenia's fourth major partner in the exchange of goods, and the largest capital investor in Slovenia.
As part of an extensive international banking network, the Bank Austria Creditanstalt Slovenija bank group is capable of offering numerous financial and consulting services to Slovene and international companies.
Advantages of Bank Austria Creditanstalt Slovenija
The merger has brought numerous advantages not only to the owners, but also to the business partners and customers of the bank. One of the major advantages is the increased capital strength of the bank, and consequently the greater security and reliability of investments. In terms of balance sheet total, Bank Austria Creditanstalt Slovenia is growing at a faster rate than other Slovene banks, and is steadily increasing its market share. At the end of 1998, the bank was in eighth place among Slovene banks.
Some significant information:
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Balance sheet total: | 83.4 billion SIT |
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Profit after taxation: | 703 billion SIT |
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Lendings: | 24.8 billion SIT |
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Collateral liabilities: | 23.2 billion SIT |
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Deposits: | 54.4 billion SIT |
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Security (legal) capital: | 11.3 billion SIT |
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The bank currently employs 205 persons in branch offices across Slovenia: in Ljubljana, Koper, Maribor and Murska Sobota. Increased capital, highly qualified personnel, a broad business network, advanced technology and close ties with the parent international bank group are a guarantee that the bank will continue to provide high-quality banking services to the full satisfaction of the most demanding customers.
Services Provided by the Bank
The bank offers its major customers - large and medium-sized Slovene companies, joint-ventures, subsidiaries and affiliated companies of international corporations, financial institutions and enterprising individuals - a wide range of banking products and services:
- deposit and credit transactions,
- guarantees,
- documentary transactions,
- syndicated credits,
- payments,
- foreign currency transactions,
- futures transactions,
- securities transactions,
- custody accounts (as the first provider of custody services in Slovenia with a qualified team of experts, we currently hold a 95% market share),
- corporate accounts,
- correspondence banking,
- cash loans,
- specific-purpose loans - car purchase,
- specific-purpose loans - durable consumer goods,
- housing loans,
- currency exchange transactions,
- student package services.
In future, our corporate business partners and customers will be able to benefit from the use of the most advanced electronic Multicash system, and individuals will enjoy all the advantages of Internet banking services.
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