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2022/05/03 / Erste Group Research

Oberbank AG

Oberbank defines itself as a regional universal bank for corporate customers and SMEs, with a second strategic pillar in high-end private banking. The core markets are the provinces of Upper Austria and Salzburg, but Oberbank has a cross-border market presence as well (in Germany and the CEE region). Together with Bank fuer Tirol und Vorarlberg (BTV) and BKS Bank AG (BKS), Oberbank forms the “3-Banken Group”.

The sustainability strategy was integrated into the corporate strategy "Oberbank 2025" and covers all areas of the ESG approach.

The bank posted a consolidated profit after tax of EUR 234.6mn in the 2021 financial year. The growth in the 2021 result was primarily due to the increase in investment result, lower risk provisions, but also to the increase in both net interest income and net commission income.

Oberbank strives to establish a funding mix that is as diversified as possible. S&P assigns a rating of 'AAA' to the bank's mortgage covered bonds and an issuer rating of 'A'. Oberbank intends to refinance 50% of its capital market funding through green and social bonds in the future.

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General information

AuthorErste Group Research
Date2022/05/03
Languageen
Product nameCredit News
Topic in focusCredits/ Corporate bonds
Economy in focusAustria
Currency in focusEuro
Sector in focus-
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