Autobank AG

Autobank AG was an Austrian commercial bank with a focus on the lease and credit financing of motor vehicles. It also offered deposit products, personal loans, online banking and other services.  As of June 30, 2017, the company had EUR 384 million in total assets and EUR 347 million in deposits. The bank ceased banking operations in 2021; the Austrian Financial Market Authority prohibited the continuation of its operations on July 30, 2021, and the European Central Bank withdrew its banking licence on December 2, 2021.

An extraordinary general meeting of Autobank AG resolved on January 29, 2021 to wind down the banking business and surrender the banking licence. After that wind-down failed, the Austrian Financial Market Authority (FMA) prohibited the continuation of business by mandate order with immediate effect on July 30, 2021, which triggered the deposit guarantee case: Einlagensicherung AUSTRIA was required to compensate covered depositors up to EUR 100,000 within ten business days. Insolvency proceedings over the assets of AutoBank AG were opened by the Vienna Commercial Court on August 23, 2021. The European Central Bank withdrew the banking licence on December 2, 2021, and the business was closed on December 16, 2021, with about 7,000 credit and leasing contracts remaining in the portfolio and further servicing handled by AB Fahrzeughandel und Vermietung GmbH. The company was renamed AB Portfolio AG in September 2023.

February 25, 2011
Autobank AG Reports Earnings Results for the Year Ended December 31, 2010
For the year, the company improved from its net annual loss from EUR 1 million to loss of EUR 43,000, taking into account the costs of the IPO. Operating result turned from a loss was EUR 3,000 to a profit of EUR 807,000. Operating income rose 16.8% to EUR 11.3 million.

November 19, 2010
IPO, AutoBank AG
The Austrian AutoBank joined the Entry Standard of the Frankfurt Stock Exchange. The first price was fixed at 2,50 Euro. The public offering (with prospectus) included 1,890,000 new shares. “Austria alone holds wide-ranging growth potential for us”, said Gerhard Fischer, a member of Autobank’s Executive Board.

Former head office address:
1030 Vienna
Ungargasse 64/3/Top 403
Phone number: +43 1 601 900
Fax: +43 1 601 90 590
SWIFT Code: AUTOATW1
Website: www.autobank.at (now a closure notice page)