Banking in Austria

Austria – an ideal location for Private Banking

Austria is not only favoured by its location at the crossroads of traditional European banking and investment horizons in Central and Eastern Europe – it also has a highly developed professional financial market and the strictest standards of privacy and banking secrecy. Vienna is an excellent complement to the well known financial markets around the globe. 

The Austrian Advantage

• Austria’s banking secrecy is guaranteed by strict laws with constitutional rank. Its political weight by far exceeds that of other federal laws.
• Regulation and prudential supervision of the banking sector and the regulation of the securities and insurance industries is performed by the FMA (Financial Market Authority) in cooperation with the Austrian National Bank (OeNB).<//span>
• Austria is an EU member, a member of the Euro currency area, and has a
  AA+ sovereign debt rating – a reflection of the highest political and economic stability. 
• Austria’s legal and fiscal framework is very solid. Austria is an EU member, a member of the Euro currency area and has a AA+ sovereign debt rating. This creates a most stable environment for private wealth management, for both EU- and non-EU residents.