The Tiroler Sparkasse Bankaktiengesellschaft Innsbruck (known as Tiroler Sparkasse) is an Austrian savings bank that focuses on private customers, freelancers and small and medium-sized enterprises in the Tyrol region.[4]
The bank was founded in 1822 and is part of the Austrian Sparkassengruppe Österreich. As of 2018 it held a leading position in its regional market with a market share of around 30% for private customers and almost 50% for corporate customers in the region with around 153,500 customers.
It is a member of the Austrian Savings Banks Liability Association, which guarantees the payment of customer deposits in excess of the legally guaranteed amount of €100,000.
History
In 1822, during economically difficult years, Count Chotek and Felix Adam von Riccabona founded the "Sparkasse zu Innsbruck" as the first financial institution in Tyrol and the second oldest association savings bank in Austria.[5] The aim was to encourage the building up of savings and financial provision for broad sections of the population and to use savings for economic development in the region. The city of Innsbruck provided the first business premises in the former town hall next to the city tower.