Autobank will be closed |


No investor was found for the institute. The small Viennese bank is listed in Munich and Vienna.

The managers and the control committee of the ailing Viennese Car bank want to close the financial institution. The management board and supervisory board of Car bank At the upcoming extraordinary general meeting on January 29th, stock corporations want to propose the orderly dismantling of banking operations and the subsequent abandonment of the license, as the bank announced on Friday evening.

The Car bank is a specialist in car financing. Talks with a potential investor were still ongoing in December and currently in January. “The talks with this investor were now ended on January 8, 2021, because the investor will refrain from subscribing for the shares,” said the bank.

The Financial Market Authority (FMA) had previously received from the Car bank Ultimately, it requires raising fresh capital or risking liquidation and loss of license. The small Viennese bank is listed in Munich and Vienna. Essentially, the special general meeting – ordered on the basis of a decision by the FMA – would be about an ordered capital increase of EUR 12.8 million. Without an external investor, the money would have to come from the existing shareholders.

Without fixed, new financiers, the management and supervisory boards of Car bank now decided to apply to the general meeting to dismantle banking operations.


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