Two investment banks began coverage of VIG shares in financial year 2013. The Polish investment bank Espirito Santo and the Baader Bank research company Helvea both gave an initial buy recommendation for the stock. These two and 20 other investment banks follow Vienna Insurance Group developments and regularly publish their views on the Company’s business development, risks and potential. In comparison, in 2008 (the year of the last capital increase), VIG shares were only being covered by 15 investment banks.

The following investment banks publish research reports on VIG shares*:

  • Autonomous
  • Bank of America Merill Lynch
  • Barclays Capital
  • Berenberg Bank
  • BH Securities
  • Credit Suisse
  • Deutsche Bank
  • Erste Group
  • Espirito Santo Investment Bank
  • Goldman Sachs
  • Helvea
  • HSBC
  • J&T Banka (Atlantik)
  • JP Morgan
  • Keefe, Bruyette & Woods
  • Kepler Capital Markets
  • Komerční banka
  • MainFirst Bank AG
  • Morgan Stanley
  • Nomura
  • Raiffeisen Centrobank
  • Raymond James Euro Equities

The current list, including the names of the analysts and dates of the last published research report, are available online at any time at

* This list includes all analyses known to the Vienna Insurance Group at the editorial deadline.