Steiermärkische Sparkasse Explained

Steiermärkische Sparkasse
Type:Joint-stock company
Industry:Financial services
Foundation: [1]
Location:Graz, Austria[2]
Assets:€16 billion
Assets Year:2018
Parent:Sparkassengruppe Österreich
Num Employees:2,785
Num Employees Year:2018

The Steiermärkische Bank und Sparkassen (Steiermärkische Sparkasse for short) is an Austrian sparkassen or savings bank based in Styria. It is a universal bank with services for private clients, small and medium-sized enterprises, private banking clients, large companies, institutional clients and the public sector. It is the largest retail bank in Styria.[3] The expanded home market includes Austria, Macedonia, Bosnia and Herzegovina, Montenegro, Croatia, Serbia and Slovenia.[4]

Steiermärkische Sparkasse is the largest regional Sparkasse in Austria and an important part of the Austrian Sparkassen Gruppe, which consists of 46 Sparkassen with Erste Group Bank and Erste Bank Österreich as leading institutions. It is also a member of the Sparkassen Haftungsverbund.[5]

History

Steiermärkische Sparkasse was founded in 1825 as Vereinssparkasse (Steyermärkische Spar-Casse) and is thus the oldest financial institution in Styria.[6] Business operations began on 15 May 1825 at the first business premises at Landhaus, Schmiedgasse No. 9. The actual founder of the Steiermärkische Sparkasse was the Emperor's personal representative and Governor in Styria: Franz von Hartig.[7] Since 1823 he had been the Imperial and Royal Count of Styria, Governor of Styria and thus head of the Imperial and Royal Styrian Gubernium, the country's highest political authority. In addition to his political responsibilities, he also was in a role inspired him to found a Sparkasse in Graz. Since 1823 he had been a member of the Association of the First Austrian Spar-Casse with direct insight into the beginnings of the Sparkassen system in Austria. As early as 1824 he had decided to found an institute of this kind in Styria as well.[8]

Timeline

Structure

Steiermärkische Bank und Sparkassen AG has its headquarters at Am Sparkassenplatz in Graz. 73.5% of the shares in the company are held by "Steiermärkische Verwaltungssparkasse", 25% by "Erste Bank" and 1.5% by the employees.[9]

Steiermärkische Sparkasse had a balance sheet total of EUR 15.7 billion, the Steiermärkische Sparkasse Group is the largest Sparkasse in southern Austria. The Sparkasse employs 2,785 staff and operates 233 locations. (as of 2018)[10]

Literature

External links

47.0692°N 15.4369°W

Notes and References

  1. Web site: Steiermärkische Sparkasse. Banken Auskunft. 6 January 2020.
  2. Web site: Steiermaerkische Bank und Sparkassen AG. Bloomberg. 6 January 2020.
  3. Web site: Erfolgreiches Geschäftsjahr 2017. Steiermärkische Sparkasse. 6 January 2020.
  4. Web site: Steiermärkische kauft Bank in Nordmazedonien. 28 February 2019. Die Presse. 6 January 2020.
  5. Web site: Steiermärkische Bank und Sparkassen AG. Aus unserer Region. 6 January 2020.
  6. Web site: Steiermärkische Bank & Sparkassen AG. landeswappen.com. 6 January 2020.
  7. Web site: Unsere Geschichte im Zeitraffer. Steiermärkische Sparkasse. 6 January 2020.
  8. Web site: Die Grazer Sparkassen Chronik 1825-2000. Rauchenwald. Werner. 2000. Genossenschaft der Internet-Antiquare. 6 January 2020.
  9. Web site: Eigentümerstruktur. Steiermärkische Sparkasse. 6 January 2020.
  10. Web site: Geschäftsbericht 2018. Steiermärkische Sparkasse. 6 January 2020.