Since being founded in March 2008 with 5 employees, OeEB has grown quickly. Today more than 60 people work on the financing and development of sustainable projects.
We contribute to economic development.
In just a few years, we have become a sought-after partner in the international field of development financing as well as a significant force in Austrian development cooperation.
We are a reliable partner that provides funding - even when commercial banks are reluctant due to economic crises. That is how we ensure that the motor of the private sector can keep running.
Oesterreichische Entwicklungsbank AG is a wholly-owned subsidiary of Oesterreichische Kontrollbank AG (OeKB). OeKB is the leading financial and information service provider for the Austrian export sector and the domestic capital market.
We, as its subsidiary, benefit from the longstanding know-how of OeKB in a large variety of business fields.
The supervisory board monitors the executive board and supports its management of the company, particularly regarding decisions of fundamental importance. None of the supervisory board members have appointments or jobs at companies listed on the stock exchange.
The supervisory board of OeEB is composed of the following members:
- Helmut Bernkopf, Chairman
- Angelika Sommer-Hermetsberger
- Christine Dangl
- Monika Weber-Fahr
Representing the work council:
- Caroline Gützer
- Josef Straninger
OeEB's executive board manages the company under its own responsibility and consists of two members.
Michael Wancata was intensely involved in the establishment of OeEB, the Development Bank of Austria, and has been Member of the Executive Board since 2008. Additionally, he acts as Advisory Board member and Supervisory Board Member in Private Equity Funds that OeEB is invested in.
Before joining OeEB, Michael Wancata served at Austria’s export credit agency Oesterreichische Kontrollbank (OeKB) in various positions, most recently as Deputy Head of the Project and Environmental Risk Analysis Department.
Michael Wancata studied Business Administration and completed a postgraduate training course for export project management at Vienna University of Economics and Business.
Areas of responsibility
- Equity Participations*
- Legal** & Compliance
- Credit Risk Management & Risk Management
- Human Resources
- Accounting & Financial Control
* Sabine Gaber is responsible for the risk assessment of equity participations.
** including prevention of money laundering and combating corruption
Sabine Gaber has been Member of the Executive Board of OeEB since January 2018. She joined OeEB in 2009 and served as Managing Director of the Investment Finance department, which provides long-term loans and fund investments to private sector projects in developing countries and emerging markets worldwide.
Sabine Gaber studied international business administration in Vienna and Los Angeles. During her 20 years of experience in various commercial banks, she has been responsible for structuring complex international projects both on market as well as on credit risk side.
Areas of responsibility
- Investment Finance
- Business Advisory Services (including Environmental and Social Risk Management and Technical Assistance Services)
- Mid Office
- IT-Services and Digitalisation
Joint areas of responsibility
- Development Policy
- Private Sector Development
- Product Development/Innovation
- Measuring Results/Evaluation
- Development Communication
- Internal Audit
The "Advisory Board" is set up at the Federal Ministry of Finance. The board assesses the projects to be granted federal liability. It consists of one representative each from OeEB, the Federal Ministry of Finance, the Austrian Federal Chancellery, the Federal Ministry for Europe, Integration and Foreign Affairs, the Federal Ministry for Digital and Economic Affairs, the Federal Ministry for Sustainability and Tourism, the social partnership sector (The Austrian Federal Economic Chamber, Austrian Federal Chamber of Labour, Austrian Chamber of Agriculture and Austrian Trade Union Federation) and the National Bank.
The "Business and Development" committee consists of representatives from the Federal Ministry of Finance, the Austrian Federal Chancellery, the Federal Ministry for Europe, Integration and Foreign Affairs, the Federal Ministry for Digital and Economic Affairs, the Austrian Development Agency (ADA), the Austrian Federal Economic Chamber, the Austrian Federal Chamber of Labour and OeEB and examines the developmental effects. This alone ensures close contact with principals, the Republic of Austria, representatives of interest groups and development work.