KA Finanz AG was established on 28 November 2009 through the demerger of the former Kommunalkredit; it is the legal successor of the latter and fully owned by the Republic of Austria. In accordance with the restructuring plan approved by the Directorate-General for Competition of the European Commission (EC) on 31 March 2011, KA Finanz AG is responsible for the structured wind-down of the non-strategic loan, securities and CDS portfolio.
On 6 September 2017, the Financial Market Authority (FMA) approved the conversion of KA Finanz AG into a wind-down unit pursuant to Sect. 162 of the Bank Recovery and Resolution Act. As of that date, KA Finanz AG surrendered its banking license. As a wind-down unit, KA Finanz AG will continue to be supervised by FMA.
KA FINANZ AG
1020 Vienna, Austria
Phone +43 (0) 1/310 06 06