Kommunalkredit awarded Best Specialist Bank
For the third time, the Austrian Finance Magazine „Börsianer“ put 140 Austrian banks, insurances, investment companies, and pension funds through an endurance test. Kommunalkredit was awarded best specialist bank 2017 and third best bank in Austria.
The decision was determined by parameters such as business performance, assessment by competitors and expert judgement. Kommunalkredit convinced with its clear business model and strategy.
Börsianer: „Kommunalkredit Austria AG headed back strengthened on the market (Place 3 /
74.07 points) and got a win in the category „Specialist Bank“, rightly. The asset-based and infrastructure project financier managed the turnaround for the first time since its privatisation in 2015, and issued the first Austrian Social Covered Bond with a volume of EUR 300m in July. (…) Kommunalkredit strengthened its funding structure from EUR 9m in 2015 to EUR 550m. And Kommunalkredit succeeded by implementing its online investment platform Kommunalkredit Invest in August for retail customers.”
|Best Banks (Top ten)|
|1. Oberbank AG|
|2. Schoellerbank AG|
|3. Kommunalkredit Austria AG|
|4. Hypo Landesbank Vorarlberg|
|5. Hypo NOE Bank AG|
|6. Bawag PSK AG|
|7. Raiffeisen Bank International AG|
|8. Oesterreichische Kontrollbank AG|
|9. Semper Constantia Privatbank AG|
|10. Bausparkasse der österr. Sparkassen AG|