Volksbank CZ has been active successfully on the Czech market since 1993. The bank’s main shareholder is Volksbank International AG (a subsidiary of Volksbanken-AG).
Volksbank-AG (VBAG) was founded in 1922 by commercial lending cooperatives and is majority-owned by more than 60 independent Austrian “Volksbanken” (co-operative banks). The bank is the central institute of one of the most important banking groups in Austria and an international commercial bank. Already in 1991 ÖVAG was one of the first banks to begin its expansion into the challenging markets of Central and Eastern Europe.
Volksbank CZ, a. s. is an all-round bank with a wide spectrum of retail and corporate banking products and services. Since it came to the Czech market, Volksbank has gained a firm position in the segment of small and middle-sized banking institutions.
The philosophy of Volksbank's business strategy is mainly oriented on the client and his individual needs and requirements, through services tailored to these needs. With this philosophy - reflected in the entire concern's motto "United in Trust" - Volksbank staff approach the clients' wishes on an individual basis, thus building very good mutual relationships.
In 2006, Volksbank International AG intensified cooperation with its Austrian, German, French and Italian partners through the “CEE UNLIMITED” programme. With the goal of supporting the referral business, this service broadens the offer for clients of individual partner banks and provides bankers with the know-how needed to initiate and develop business activities in Central and Eastern European countries. The clients – mostly small and medium enterprises – continue to be served by the parent bank. In addition, they can access banking services across the entire CEE network. The cooperation is efficient, professional and – very importantly – conducted in the client’s mother tongue.