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18.12.2014

Caritas and Bank Austria celebrate "20 years of Bank Austria Familienfonds"

  • The Bank Austria Familienfonds welfare fund pays out about EUR 25,000 annually to families in need
  • The total amount of financial support provided in the 20 years since the fund was set up is about EUR 765,000
  • Over 600 families have so far received quick help without bureaucracy

Willibald Cernko, CEO of Bank Austria, comments on the 20th anniversary of the Bank Austria Familienfonds, a welfare fund managed by Caritas: "As one of the leading Austrian banks we are committed to financial performance while also being aware of our responsibility to society in this country. I am proud that through the Bank Austria Familienfonds we have been able to provide help, quickly and without bureaucracy, to many families in difficult situations. In most cases we bear the cost of everyday things like warm clothes, heating or school articles for children. Things we tend to take for granted in prosperous Austria, but which are unfortunately not easily available to many families."

Michael Landau, Caritas Director of the Archdiocese of Vienna and President of Caritas Austria, adds: "Caritas and the Bank Austria Familienfonds provide tangible support to families who are facing a crisis. This support also gives them hope and confidence. I am pleased that we have been able to help over 600 families in the past 20 years. The creation of the Bank Austria Familienfonds marked the beginning of intensive cooperation between Caritas and Bank Austria, which has been maintained over many years – ranging from support to families in need, participation by many Bank Austria employees in our annual Volunteers' Day to support social projects throughout Austria, collecting donations for our disaster relief efforts and our emergency assistance for refugees all the way to joint cultural and integration projects such as Brunnenpassage in Ottakring, Vienna's 16th district."

Twenty years of reliability for people in need
The Bank Austria Familienfonds was set up in 1994 to contribute to providing quick help without bureaucracy to families who are facing crises. Payments out of the fund are made on a one-off basis, helping families to cope with difficulties in their everyday lives and reintegrate into society. Contributions from the fund are only paid out if all sources of public relief have already been used. The Bank Austria Familienfonds pays out about EUR 25,000 annually, the total amount of support provided in the 20 years since the fund was set up is about EUR 765,000. Some 600 families have so far received help in crisis situations.

Enquiries: Bank Austria Media Relations
Matthias Raftl, tel. +43 (0) 50505 - 52809
e-mail: matthias.raftl@unicreditgroup.at

Reproducible photographs are available for download at presse.bankaustria.at. Reproduction is free of charge.