This article is about the central bank of the Republic of Austria. For the central bank of the Habsburg Monarchy, see Austro-Hungarian Bank.
Oesterreichische Nationalbank
Headquarters
Vienna
Established
1 January 1923; 101 years ago (1923-01-01)
Ownership
100% state ownership[1]
Governor
Robert Holzmann
Central bank of
Austria
Currency
Euro EUR (ISO 4217)
Reserves
9 620 million USD[1]
Preceded by
Austro-Hungarian Bank
Succeeded by
European Central Bank (1999)1
Website
oenb.at
1 The Oesterreichische Nationalbank still exists but many functions have been taken over by the ECB.
The Oesterreichische Nationalbank (OeNB, lit.'Austrian National Bank') is the Austrian member of the Eurosystem and was the monetary authority for Austria from 1923 to 1938 and from 1945 to 1998, issuing the Austrian schilling.
It started operations on 1 January 1923 under the economic assistance provided to Austria by the Economic and Financial Organization of the League of Nations, replacing the Austro-Hungarian Bank with its name recalling that of the Austro-Hungarian Bank's predecessor entity founded in 1816. It was liquidated following the Anschluss in March 1938, and re-established in July 1945.
The OeNB is a joint-stock corporation governed by special legislative provision. Its entire capital of €12 million has been held by the Austrian federal government since May 2010, with shareholder rights exercised by the Minister of Finance.[2] Before 2010, half of the capital was in the hands of employer and employee organizations as well as banks and insurance corporations.[citation needed]
^ abWeidner, Jan (2017). "The Organisation and Structure of Central Banks" (PDF). Katalog der Deutschen Nationalbibliothek.
^"Organization - Oesterreichische Nationalbank (OeNB)". OeNB. Archived from the original on 2 July 2017. Retrieved 21 January 2016.
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