Largest Austrian banks in 2021, by assets

In 2021, the largest bank by total assets in Austria was Erste Group Bank with approximately 307.4 billion euros in assets. This was more than 100 billion euros more than the second largest bank, Raiffeisen Zentralbank. Despite being Austria’s largest bank, the Erste Group bank had assets valued at almost only one tenth the size of Europe’s largest bank.

Erste Group bank

In 2021, Erste Group bank had core operation in seven countries across Central and Eastern Europe. The banking group had around 16 million customers in its countries of operation, across more than 2,000 branches. Austria was Erste Group Bank’s second largest market, following only Czechia, where the brand goes under the name Česká spořitelna.

Other leading banks in Austria

Despite Erste Group Bank leading in terms of total assets in Austria, the company came third in terms of market penetration for large corporations. Raiffeisen Zentralbank is considered Austria’s largest corporate and investment bank with 21 business outlets operating in Austria as of 2021.