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 2014 and consists of 12 elected shareholder representatives and seven staff representatives delegated by the Staff Council.
Dr. Herta Stockbauer, Klagenfurt
Dr. Ludwig Andorfer, Linz
Gerhard Burtscher, Innsbruck
Dr. Wolfgang Eder, Linz
Dr. Barbara Leitl-Staudinger, Linz
Karl Samstag, Vienna
Dr. Barbara Steger, Schwertberg
Dr. Herbert Walterskirchen, Salzburg
Mag. Dr. Martin Zahlbruckner, Linz
Alfred Leu, Vienna
Mag. Gregor Hofstätter-Pobst, Vienna
of Staff Council:
Wolfgang Pischinger, Chairman of the Central Staff Council, Linz
Elfriede Höchtel, Wels
Markus Rohrbacher, Krems
Stefan Prohaska, Salzburg
DDr. Marian Wakounig, Vienna,
MR Mag. Jutta Raunig, Vienna
Members of the Management Board
Dr. Franz Gasselsberger, MBA
CEO & Chairman of the Management Board
Mag. Dr. Josef Weißl, MBA
Member of the Management Board