Look for:

Our offer for

Research Detail

2021/04/14 / Erste Group Research

OeKB - Oesterreichische Kontrollbank

Oesterreichische Kontrollbank (OeKB) is the main financial and information services provider for the export industry and capital markets of Austria. Moreover, the credit institution is assuming a key role within the government´s COVID-19 relief program.

Based on the statutorily regulated export financing scheme, with staff of close to 500, OeKB manages a guarantee volume of approximately EUR 31bn, as well as export loans of around EUR 23bn as at year-end 2020.

Total assets increased by more than 6% to over EUR 35 billion in 2020, reflecting a higher volume of export financing, partly due to government COVID 19 aid measures. The net result was only slightly lower at -7% to EUR 47.7 million. The capital ratio was 77.4% (CET 1).

OeKB is the largest bond issuer among Austrian agencies with roughly translated EUR 23bn outstanding. Further, since 2019, a Sustainability Program is offered. All OeKB bonds carry an explicit, unconditional and irrevocable guarantee of the Republic.
The bank´s strong ESG profile including highly developed governance structures is reflected in excellent ESG ratings. Moody's rates OeKB at Aa1/stable, while Standard and Poor's rates it at AA+/stable, both equal to the ratings assigned to the Republic of Austria.

PDF Download Download PDF (324kB)

General information

AuthorErste Group Research
Product nameCredit News
Topic in focusCredits/ Corporate bonds
Economy in focusAustria
Currency in focusEuro
Sector in focus-


We use cookies and web analysis software to give you the best possible experience on our website. If you consent, these tools will be used. For more details please read our Data protection policy.


Any information, material and services regarding financial instruments and securities provided by Česká spořitelna/Erste Group/ or any of its affiliates (collectively “Erste Group“) on this and any linked website hereafter (jointly the “Websites“) shall be exclusively to investors who are not subject to any legal sale or purchase restrictions.

By agreeing to this hereto, the visitor entering this Websites confirms that has read, understood and accepted this Information and the Disclaimer