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Volksbank

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Volksbank
Company typePrivate
IndustryFinance and Insurance
Founded1850
HeadquartersVienna, Austria
ProductsFinancial Services
Number of employees
5,000 (2007)
Websitewww.volksbank.com

Volksbank (German for "people's bank") was founded in 1850 and is a retail bank in Central Europe based in Vienna, Austria. It currently operates in Austria, Germany, Bosnia and Herzegovina, Croatia, the Czech Republic, Hungary, Malta, Romania, Serbia, Slovakia, Slovenia and Ukraine.

There are also 1,156 independent local Volksbanken in Germany. They are completely separate from the Austrian Group Volksbank.com. There is a Volksbank Finder under the web address vr.de. Volksbanken are also known as VB (the name has the same origin as VW Volkswagen - VOLKS is the German word for people) or as VR (VR means Volks und Raiffeisen Banken). The associations is one of the World's largest financial Conglomerates, number 2 in Germany after Deutsche Bank.

After failing the European stress test in June 2011, the Volksbank AG will not pay back the dividends, which also include the capital for participation of the state for the third consecutive year.