Management

The management of Oberbank has led the company to success by focusing on the essentials. The bank’s outstanding track record for growth and its resilience to crises are achievements that exemplify the sound management of the bank.

 

“A bank that fails to go east will miss out on unique opportunities for growth.” This was the motto during the East European banking boom at the beginning of the 1990s of the last century. The management of Oberbank took an alternative course – despite enormous pressure to justify its decision – and instead went west towards Bavaria in the 1990s.


Especially in the wake of the financial and economic crisis that started in 2008, business activity in Eastern Europe was the cause of massive shortfalls on the balance sheets of many banks. In the meantime, under the management headed by CEO Franz Gasselsberger, Oberbank continued its success story. A bail-out by the government was never a theme for Oberbank. Today, not only Bavaria, but also Thuringia and Hesse are among Oberbank’s profitable foreign markets in addition to the Czech Republic, Hungary and Slovakia – and all of these markets contribute to Oberbank’s strength. Business in Central and Eastern Europe yes, but with a well-thought-out regional strategy and headed by capable management.

“You raise capital when you need it the least” was the principle followed by the management of Oberbank when it reached the decision to carry out three highly successful capital increases in the excellent business years 2015 and 2016.
It was easy to explain this move:

 

  • Continue growth and expansion without constraints
  • Achieve the target CET1 ratio of 16%
  • Outperform regulatory capital requirements

 

Expectations were met 100%. With the third capital increase completed in Q4 2016, the bank placed more than three million new ordinary shares on the market and acquired 700 new shareholders. The free float widened by 10%-points from 26% to 36% through the capital increases of 2015 and 2016, making Oberbank a genuine publicly traded company today.

 

Since 2011, the bank’s Common Equity Tier 1 capital has doubled to over EUR 2 billion (as at 31 Dec. 2016) and the CET1 ratio is among the top ratings for European banks. This is also reflected in the market value of Oberbank, of course. At a market capitalisation of over EUR 2 billion, Oberbank is one of the 20 most valuable companies in WBI index of the Vienna Stock Exchange. The market capitalisation of Oberbank has more than tripled since 2005. Here as well, the bank’s management has exhibited strategic wisdom and secured the sustainable expansion of Oberbank.

 

Members of the Supervisory Board

The Supervisory Board was constituted in May 2020 and consists of 10 elected shareholder representatives and five staff representatives delegated by the Staff Council.

 

Supervisory Board

First appointed

Chairman:

Mag. Dr. Martin Zahlbruckner, Linz

2016

Deputy 

Chairmen:

Dr. Ludwig Andorfer, Linz

2014

Members:

Mag. Hannes Bogner, Portugal

Gerhard Burtscher, Innsbruck

Mag. Dr. Stephan Koren, Wien

Alfred Leu, Wien

Dr. Barbara Leitl-Staudinger, Linz
DI Franz Peter Mitterbauer, MBA, Laakirchen

Dr. Barbara Steger, Schwertberg

Dr. Herta Stockbauer, Klagenfurt

2020

2016

2018

2016

2014

2020

2014

2016

Representatives

of Staff Council:

Wolfgang Pischinger, Chairman of the Central Staff Council, Linz

Susanne Braun, Baden

Alexandra Grabner, Linz

Elfriede Höchtel, Wels

Sven Zeiss, Salzburg

1993

 

2018

2014

2007

2019

State Commissioners:

Mag. Angelika Schlögel, MBA, Vienna

State Commissioner

MR Mag. Jutta Raunig, Vienna
Deputy State Commissioner 

2017

 

2017

 

 

Members of the Management Board

Dr. Franz Gasselsberger, MBA


Photo: Peter Rigaud

CEO & Chairman of the Management Board

 

curriculum vitae

Mag. Dr. Josef Weißl, MBA


Photo: Peter Rigaud

Member of the Management Board

 

curriculum vitae

Mag. Florian Hagenauer, MBA


Photo: Peter Rigaud

Member of the Management Board

curriculum vitae

Martin Seiter, MBA

Photo: Peter Rigaud

Member of the Management Board

 

curriculum vitae

Organizational Chart of Oberbank

Here you will get to the organizational structure of the Oberbank.