Volkskreditbank AG

Address: Rudigierstra├če 5-7 Postfach 116 4010 Linz Osterreich, Austria.
Telephone: +43 732 76 37 0
Fax: +43 732 76 37 400
Email: service@vkb-bank.at
Website: http://www.vkb-bank.at/


Austrian bank VKB (Volkskreditbank AG) set out to develop a simpler and faster lending process with the goal of reducing its credit risk. Facing issues of employee motivation and acceptance of the Basel II rules, the bank chose SAS for flexibility and technical support resulting in improved credit scoring and Basel II compliance. VKB-Bank is a market-oriented private-enterprise regional bank with a managed on sound commercial principles.

Founded in 1873 as a cooperative, VKB-Bank has been a public limited liability company since 1981, VKB is a high performing regional European bank, serving 171,000 customer accounts. Most of its customers are either medium-sized companies or self employed, high-income individuals. Trade publication The Banker ranks VKB as one of the top banks in the world, due in part to the fact that VKB has the second-highest capital assets ratio in its home country of Austria. "We are one of the truly independent Oberösterreichischen (upper Austrian) banks," says Christoph Wurm, Head of Risk Management and Controlling at VKB Bank. "We advise our customers and help them to be successful and have a strong financial base. The motivation for our implementation of the SAS solution for risk management was to gain income – and to stay in business."

Reforming the bank's credit risk practices had several objectives: to achieve a method of standardization, develop a simpler and faster lending process, and compress information for better decision making, all by using comprehensive mathematical procedures. The overall goal of the project was, naturally, to reduce credit risk.

The sole shareholder is the Volkskredit Verwaltungsgenossenschaft, which is owned by the 34,000 members of the cooperative.

Type of bank

  • One of the major regional banks
  • Situated in Upper Austria
  • Universal and commercial bank


  • medium sized companies
  • self employed individuals
  • private persons of the upper class



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