CountryAT / AUT
Austria
Austria has major banking groups alongside regional savings and cooperative banks. Understand who supervises them and how to check an account’s deposit protection.
Austria's banking landscape and oversight
Austria's banking sector combines large groups with regional savings and cooperative institutions. As a euro-area country, Austria uses the euro and participates in European banking rules. Institutions vary in their business models and legal structure, making it important to identify the actual bank behind a customer-facing brand.
The Financial Market Authority (FMA), Oesterreichische Nationalbank (OeNB) and European Central Bank participate in banking supervision. The ECB directly supervises significant institutions, while Austrian authorities supervise other banks within the European framework. Eligible deposits are protected by deposit guarantee arrangements that can differ by the institution concerned.
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