Welcome to the Pfandbrief & Covered Bond Forum Austria!

The Pfandbrief & Covered Bond Forum Austria sees itself as an interest group for Austrian Pfandbriefe and covered bonds.

It was founded in 2010 by the Austrian Pfandbrief and Covered Bond issuers and transformed into an association in 2018.

Mission

Profound information for stakeholders

The forum serves the joint marketing of covered emissions from Austria. It provides information on the Austrian market, the legal framework and the participants in a centralised manner via the joint homepage and is available for enquiries from stakeholders  – contact.

The forum sees itself as a catalyst for the further development of the Austrian covered bond market. It compares the international legal framework for Covered Bonds and offers the opportunity to pro-actively discuss the need for amendment in Austria.

Internationally, the Forum represents Austrian Covered Bond issuers in the European Covered Bond Council as a Steering Committee member since 2014.

The Austrian Covered Bond

The three laws

In Austria, Pfandbriefe and covered bonds can be issued on the basis of three different laws:

All three laws meet the high standards for Pfandbriefe and Covered Bonds:

  • Issuers hold separate cover pools on their balance sheets as collateral for Pfandbriefe and Covered Bonds.
  • Eligible primary cover assets can only be mortgage or municipal claims – substitute cover must meet strict criteria and is limited
  • In the event of insolvency, the cover pool is administered separately from the remaining assets of the issuer and serves primarily to service the claims of the Pfandbrief and Covered Bond creditors.
  • For claims beyond the cover pool, the Issuer is additionally liable with its other assets (on an equal footing with unsecured creditors).
  • A legally standardized minimum surplus cover of the cover pool is prescribed.
  • Regular review of the cover pool by state-appointed trustees or government commissioners in addition to supervision of the FMA is ensured.

As part of the EU-wide harmonization of Pfandbrief and Covered Bond laws, work is also underway in Austria to amend and merge the laws.

Members and Reports

Erste Group Bank AG

Further information:
BankReport

Austrian Anadi Bank AG

Further information:
BankReport

UniCredit Bank Austria AG

Further information:
BankReport

BAWAG P.S.K.

Further information:
BankReport

BKS Bank AG

Further information:
Bank

Bausparkasse Wüstenrot AG

Further information:
BankReport

Bank für Tirol und Vorarlberg AG

Further information:
BankReport

Oberbank AG

Further information:
Bank

Raiffeisen Bank International AG

Further information:
BankReport

Raiffeisenlandesbank Oberösterreich AG

Further information:
BankReport

Raiffeisenlandesbank Niederösterreich-Wien AG

Further information:
BankReport

Raiffeisen-Landesbank Steiermark AG

Further information:
BankReport

Raiffeisenverband Salzburg eGen

Further information:
BankReport

Raiffeisenlandesbank Vorarlberg Waren- und Revisionsverband registrierte Genossenschaft mit beschränkter Haftung

Further information:
BankReport

Raiffeisen-Landesbank Tirol AG

Further information:
Bank

Bausparkasse der österreichischen Sparkassen AG

Further information:
BankReport

Allgemeine Sparkasse Oberösterreich Bank AG

Further information:
BankReport

HYPO NOE Landesbank für Niederösterreich und Wien AG

Further information:
BankReport

Hypo Tirol Bank AG

Further information:
BankReport

Hypo Vorarlberg Bank AG

Further information:
BankReport

Landes-Hypothekenbank Steiermark AG

Further information:
BankReport

HYPO-BANK BURGENLAND AG

Further information:
Bank

HYPO Oberösterreich

Further information:
BankReport

Salzburger Landes-Hypothekenbank AG

Further information:
BankReport

Volksbank Wien AG

Further information:
BankReport

Kommunalkredit Austria AG

Further information:
BankReport

KA Finanz AG

Further information:
Bank

Imprint and legal notice

Provider according to § 5 E-Commerce Law:

Pfandbrief & Covered Bond Forum Austria

Registered office and address for service:

1030 Wien Am Stadtpark 9

ZVR number:

1242923828

Legal form:

Als behördlich registrierter Verein unterliegt das Pfandbrief & Covered Bond Forum Austria der vereinsbehördlichen Aufsicht durch die Bundespolizeidirektion Wien und den Vorschriften des Vereinsgesetzes.

Association organs:

Chairman:
Katarzyna KAPELLER, BA
Email: katarzyna.kapeller@rbinternational.com

Deputy chairman:
Mag. Benedikt HEJDA

Cashier:
Mag. Emir TRNACEVIC

Basic content direction of www.pfandbriefforum.at:

Allgemeine Informationen zum Thema Pfandbriefe und Covered Bonds.

Technical implementation

Dynamic

Graphic design

Gabor Bekési

Legal notice:

  • All content made available on the website www.pfandbriefforum.at is intended solely for general information on Pfandbriefe and Covered Bonds.
  • The information available on this website does not constitute an offer to purchase certain financial instruments (such as Pfandbriefe, Covered Bonds, etc.) or an invitation to purchase such financial instruments.
  • The Pfandbrief & Covered Bond Forum Austria reserves the right to change, supplement or remove the information provided on this website at any time without prior notice.
  • The operator(s) of the linked websites is/are solely responsible for the content of the links to other websites provided on www.pfandbriefforum.at . With the exception of the cases regulated in § 17 of the Austrian E-Commerce Act, the Pfandbrief & Covered Bond Forum Austria accepts no liability whatsoever for the content of the websites or URLs of other operators linked to this website.

Contact