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  Europe Bank List-7 Austria |
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Local Time Vienna
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Austria  
The principal banks are full-service banks. They transact all kinds of business and also channel credit for all purposes. Many of them function only regionally. The banking system consists of a number of other kinds of institutions as well. These include the ten provincial mortgage banks (Hypobanken), the savings banks (Sparkassen), the people's bank (Volksbanken), that serve small business as commercial credit cooperatives; the agricultural credit cooperatives (Raffeisenkassen) and a small number of private banks and specialized institutions. The system is locally and regionally based, with savings and credit channeled at the district level; full-service banks serve large companies. The post office system, with over 2,000 branch offices throughout Austria, also plays an important role in household savings. Austria has one of the highest savings rates in the OECD, and most of the funds saved are deposited in the banking system.
Area: 83,870 sq km / Population: 8,192,880 / Median age: 40.9 / Life expectancy: 79.07 / Languages: german, carinthia, croatian, hungarian / Government type: fedearal republic / Independence: --- / GDP purchasing power: 279.5 billion / GDP growth rate 3.3 % / Labor force: 3.88 million / Unemployment rate: 4.9 % / Inflation rate: 1.6 % /  .... Euro (EUR)
The euro is the currency of 13 European Union countries  .... Vienna Stock Exchange:
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