Largest Austrian banks in 2019, by assets

In 2019, the largest bank by total assets in Austria was Erste Group Bank with approximately 245.7 billion euros in assets. This was almost 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 one tenth the size of Europe’s largest bank.

Erste Group bank

In 2019, Erste Group bank had core operation in seven countries across Central and Eastern Europe. The banking group had 3.8 million customers in Austria across 881 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 2019.