Since being founded in March 2008 with 5 employees, OeEB has grown quickly. Today more than 50 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
  • Ferdinand Schipfer, Vice-Chairman
  • Christine Dangl, Member
  • Dr. Kurt Bayer, Member

OeEB's executive board manages the company under its own responsibility and consists of two members.

Michael Wancata

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

Sabine Gaber joined OeEB in 2009 and has been Member of the Executive Board since January 2018. Previously, she was Head of OeEB’s Investment Finance Department.

Sabine Gaber studied Business Administration in Vienna and Los Angeles. During her 20 years of banking experience, both on market as well as in credit risk management, she has been responsible for structuring complex international projects.

Areas of responsibility

  • Investment Finance (including Austrian Desk)
  • Business Advisory Services
  • Mid Office
  • IT-Services

Joint areas of responsibility

  • Development Policy
    • Private Sector Development
    • Product Development/Innovation
    • Measuring Results/Evaluation
    • Development Communication
  • Administration
  • Internal Audit
     
OeEB Executive Board Members Sabine Gaber and Michael Wancata

Press Photos

You can download high-resolution photos of OeEB's Executive Board Members in our News section.
Press Photos

Advisory Board

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 Austrian Foreign Ministry, the Federal Ministery of Economy, Family and Youth, the Federal Ministry of Agriculture, Forestry, Environment and Water Management, 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.

Committee

The "Business and Development" committee consists of representatives from the Federal Ministry of Finance, the Austrian Federal Chancellery, the Austrian Foreign Ministry, the Federal Ministery of Economy, Family and Youth, 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.

 

Contact us

Oesterreichische Entwicklungsbank AG - OeEB
T +43 1 5331200-0
F +43 1 5331200-5252