Public Finance - Investments - Risk management
FRC - Finance & Risk Consult
Where there is a lack of consultation, plans fail. With the right advisors there is success.
your digital financier for municipalities
financial controlling - digital - municipal
Branches in Lower Austria & Burgenland and 150 customers throughout Austria
ABOUT US
FRC – Finance & Risk Consult GmbH (FRC) is an essential service provider in Austria on financing, investment, risk management and real assets and related services. FRC is the strong partner in financing and risk management matters for companies and municipalities. We have the know-how to develop together with our customers individual concepts and financial strategies.
As a result of the global economic crisis and a veritable banking crisis we have come to the conclusion to establish a separate service provider in the field of financing and risk management. The Rational of our actions are going to establish our experiences and motivation, a company that provides services at the highest level.
FRC is neutral
We always act on behalf of our clients and our services based on our own analysis, models and market assessments.
FRC is separate
FRC is funded separately and therefore not exposed to any financial, legal or lobbying influences.
FRC is transparent
Transparent in the process and reporting; we disclose all results, procedures, input data used and parameters.
Our clients
Cities and municipalities are our main customers. For us, every client is important: municipalities, companies, consultants and you!
Even the big clients need strong partners. FRC is acting globally. Nevertheless, we offer you as a quick and reliably acting provid the flexibility of a niche player.
Case Study for Municipalities
OUR SERVICES
The evolution
Digitalization – The evolution has been successful. We have contributed a part. Benefit from our experience.
Fairness in financial markets – also in the calculation of interest; regular accounts examination helps to ensure proper settlement of accounts and not pay too much in interest.
YOUR BENEFITS
Fairness in financial markets. Of course, banks are allowed to adjust the interest rates on current accounts up if it was so agreed. They have to cut back it, even if interest rates fall. By using finance calculation - and contract management software, we started to make this complex and complicated calculation processes transparent.
THE MANAGEMENT TEAM
Mag. Heinz Hofstaetter
Managing DirectorKontakt
Cell: +43 664 816 34 28
E-Mail: heinz.hofstaetter@frc-consult.com
More about Heinz Hofstaetter
Role in FRC – Finance & Risk Consult GmbH
- Managing Director
Professional experience
- Managing Director of Areta GmbH
- Managing Director of AVS-Valuation GmbH, Germany
- Member of the Board & CEO for Asset Management of HCM/KCM AG
- Member of the Board (Sales, CSO) of HYPO NOE Landesbank für Niederösterreich und Wien AG
- Managing Director of FIBEG GmbH
- Managing Director Blue Danube Loan Funding
- Head of Public Finance at HYPO NOE Landesbank für Niederösterreich und Wien AG
- Direktor Capital Markets at BA-Investmentbank
- Audit Services & Corporate Finance at KPMG
Topics
- Asset Management, Investments
- Structuring
- Risk management, Valuation services
- Real Assets
- Sales
Education
- Professional Financial Advisor, commercial investment counseling by the authorization of ge § 1 Z 44 WAG as a tied agent without authorization for life and accident insurance
- Consulting Services, including business organization according to 94 Z 74 GewO 1995
- IT-Services
- Mag. rer.soc.oec., Vienna University of Economics and Business
Werner Lehner
Managing DirectorKontakt
Cell: +43 664 246 99 80
E-Mail: werner.lehner@frc-consult.com
More about Werner Lehner
Role in FRC – Finance & Risk Consult GmbH
- Managing Director
Professional experience
- Managing Director of Best Solutions GmbH
- Managing Director of WG Finanzservice GmbH (Investment firm according to § 3 WAG 2007)
- Head of Corporate Treasury at UniCredit Bank Austria AG
- Head of Securities Trading at HYPO-Bank Burgenland AG
Topics
- Risk management
- Derivative financial products (FX, interest rates)
- Financing
- Investments
- Real Assets
- Vertrieb
Education
- generally sworn and court certified expert for the subject area 87.35 derivative finacial products
- commercial investment counseling by the authorization of ge § 1 Z 44 WAG as a tied agent without authorization for life and accident insurance
Dipl. Ing. Reinhard Schweifer
Managing Director SubsidiariesKontakt
Cell: +43 660 358 30 06
E-Mail: reinhard.schweifer@frc-consult.com
More about Reinhard Schweifer
Role in FRC – Finance & Risk Consult GmbH
- Managing Director Subsidiaries
Professional experience
- Managing Director of LES videowall GmbH
- Board member in the area of Real Assets
- Managing Director (various) in teh area of Sales, Energy, Industry, Geschäftsführerfunktionen im Bereich Vertrieb, Energie, Industrie und Business and industry agency
Topics
- Financing
- Risk management
- Real Assets
- Organization
- Sales
Education
- Consulting Services, including business organization according to 94 Z 74 GewO 1995
- Dipl. Ing., TU Vienna, Technische Universität Wien
Our mission
FRC, the leading service provider for finance and risk management services for municipalities in Austria, which creats sustainable value for internal and external partners.
The commitment to transparency and quality and the entrepreneurial spirit are the main drivers of our success.
NEWS FROM THE BLOG
NEW: FRC ON AIR – the podcast about municipal finances
We wish all business partners a Happy New Year. With immediate effect we provide you with another information channel with our podcast “FRC ON AIR”. In regular episodes of our podcast, we provide information about what is important when optimizing...
Clarification of interest rate indicators for the Gemeinde Pötting (OÖ)
„As part of the exercise of our due diligence on the subject of negative interest rate indicators in our municipal financing, we became aware of FRC – Finance & Risk Consult GmbH (FRC) with branches in St. Pölten and Eisenstadt. The collaboration...
Die Republik – das Verwaltungsmagazin
municipal credit platform komuno AT launched: “Die Republik – das Verwaltungsmagazin” supplement to Wienerzeitung was published on December 9, 2020. Besuchen Sie auch unsere digitale Kreditplattform komunoAT....
FRC accompanies the municipality of Großweikersdorf on komuno AT
Read how Ing. Alois Zetsch, Mayor of the municipality Großweikersdorf, perceived the “personalized digitization” on komuno AT by Heinz Hofstaetter from FRC in his first loan tender for the financing of the community center: Click here for the Klar...
FRC im public – The magazine for decision makers in politics and administration
Local community platform komuno AT launched. FRC and komuno GmbH has now also extended the partnership to public, “The magazine for decision-makers in politics and administration”. Read on page 35, right after the article “GEMEINDEFINANZEN &#...
Optimizations in the municipal loan portfolio of the Stadt Melk
“Im Rahmen der aktiven Bewirtschaftung unseres kommunalen Kreditportfolios arbeiten wir als Stadt Melk mit der FRC – Finance & Risk Consult GmbH (FRC) mit Niederlassungen in St. Pölten und Eisenstadt zusammen. Die Aufgabenstellung für FRC ist...
Municipal loan portfolio of Stadt Korneuburg, Bgm. LAbg. Christian Gepp, MSc
“Als Stadtgemeinde Korneuburg schätzen wir die Zusammenarbeit mit der FRC – Finance & Risk Consult GmbH (FRC) mit Niederlassungen in St. Pölten und Eisenstadt sehr. Die in der ersten Phase erzielten Ergebnisse führen bei uns zu nachhaltiger...
Going live – FRC komuno AT Loan platform for municipalities launched
In diesen Tagen wurden auf der komuno AT Plattform die ersten kommunalen Kreditausschreibungen für Städte und Gemeinden veröffentlicht. Auch das Onboarding der ersten Banken ist erfolgreich angelaufen. Aus unseren zahlreichen Gesprächen dürfen wir über e...
Attractive fixed interest rates for your municipal financing portfolio
Nutzen Sie doch die aktuelle Tiefzinsphase, um ihre langfristigen Gemeindefinanzierungen zu optimieren. Die EURIBOR Sätze sind seit Jahren im Minus, aktuell mit rund -0,5 %. Das ist bekannt. Es liegen aber auch die langfristigen Referenzzinssätze im Minus. Z...
Digitization & municipalities in the Wiener Zeitung
FRC und Finanzierungscontrolling für Gemeinden in der Verlagsbeilage „Die Republik – das Verwaltungsmagazin“ der Wienerzeitung in erschienen am 29.9.2020....
FRC opens branch in St. Pölten
FRC – Finance & Risk Consult GmbH (FRC) betreut Gemeinden in Österreich in den Bereichen Public Finance, Finanzierung, Veranlagung sowie Kredit- und Risikomanagement. FRC verfügt über das Know-how, um gemeinsam mit seinen Kunden individuelle Konze...
Personalized digitization of the municipal loan portfolio
Auch im Rahmen der kommunalen Finanzierung kommt immer öfters der Begriff Digitalisierung ins Spiel. Aber was versteht man darunter? Laut Definition handelt es sich dabei um das Umwandeln von analogen Werten in digitale Formate, die in einem digitalen System...
The “Kommunal” reports on financing …
Mag. Heinz Hofstaetter in der aktuellen Ausgabe der Zeitschrift Kommunal; auch dort wird unsere Meinung geschätzt. Lesen Sie hier alles rund um das Thema kommunale Finanzierungen und gestalten Sie die Finanzierungen in Ihrer Gemeinde effizient. Hier geht es z...
CRM / Kundensupport
Stellenbeschreibung FRC – Finance & Risk Consult GmbH ist der unabhängige Berater für Gemeinden im Bereich Finanzierungen und Veranlagungen in Österreich und erbringt laufende Dienstleistungen für Gemeinden im Bereich Finanzierungscontrolling und Kre...
Portfolio concept for municipal financial instruments (investment & financing)
Was heißt eigentlich „Portfolio“? Unter Portfolio hat man ursprünglich eine Mappe verstanden, in der ein Künstler seine Bewerbungsunterlagen präsentiert hat. Dabei waren stets mehrere Kunstwerke vorhanden. Somit stellt ein Portfolio einen Bestand an ar...
Portfoliogedanke bei kommunalen Finanzinstrumenten (Veranlagung & Finanzierung)
Was heißt eigentlich „Portfolio“? Unter Portfolio hat man ursprünglich eine Mappe verstanden, in der ein Künstler seine Bewerbungsunterlagen präsentiert hat. Dabei waren stets mehrere Kunstwerke vorhanden. Somit stellt ein Portfolio einen Bestand an ar...
Deposit guarantee for municipalities …
Due to the current occasion and in connection with the collapse of the Commerzialbank Mattersburg, we expressly point out that the portfolio idea should also prevail with investments as well as savings. In principle, state deposit insurance is also available f...
Digitization in municipal financing, FRC thanks Susan Niederhöfer.
As a digital service provider for municipal financing, we also have close partnerships. Our partner in the area of digital credit platforms for municipalities, cities and municipalities, komuno GmbH in Frankfurt am Main, has made a change in the management. Ms...
Mediaplanet & “Land und Gemeinde”…
Mediaplanet launches an interesting campaign. Kampagne in Land und Gemeinde zum Thema Future | Work | Economy. A guide for companies and communities. In addition to essential partners, the Österreichische Gemeindebund is also involved. FRC was allowed to repo...
Digital financing controlling and ongoing reporting for municipalities
Efficient credit conditions are particularly important in difficult situations. For this reason, we have developed ongoing municipal financing controlling. In the context of municipal financial management, a variety of topics arise in the municipality and for...
OGH on “Negative Interest Stadt Steyr” for contracts without a lower limit and what we learn from the opinion of well-known lawyers.
The OGH has rejected the revision of the judgment in the “Model Proceedings of the City Association” of the city of Steyr against KA Finanz AG from the lower court. This means that the judgment of the Court of Appeal is now final and the proceedings are cl...
Public Finance: We are hiring and looking for you for our digital service.
Job Description FRC – Finance & Risk Consult GmbH with its headquarters in Eisenstadt and main activities in Eastern Austria (focus in Upper Austria, Lower Austria and Burgenland) is the independent consultant for municipalities in the area of financ...
Corona Aid Package 2020 for Municipalities and Considerations Regarding Funding Aspects …
A comprehensive Corona 2020 aid package for cities and municipalities worth EUR 1 billion has just been launched. Nevertheless or precisely because of this, the municipalities will need efficient credit conditions in the current crisis. We guarantee this for o...
“Custody fees” for savings from municipalities?
Can banks charge “custody fees” on municipal savings deposits? You have to know that in certain cases banks have to pay “penalty interest” of up to 0.5% for deposits with the European Central Bank (ECB) (with certain restrictions, directly or through t...
Fairness between municipalities and bank … even in times of crisis
Fairness between municipalities and bank, also when calculating interest. Regular account checks help to guarantee the correct account settlement and not to pay too much interest. In the current situation, acting at eye level is important for all parties. Not...
Loan tenders for cities and municipalities require experts and personalized digitization…
Together with our customers, we have examined the essential requirements for loan requests from cities and municipalities. It is also about regional and partnership solutions. As a result, we present the success factors for municipal financing. FRC parameter T...
Bgm. F. Buchberger, Hofamt Priel: Municipalities & Borrowing in Crisis …
Coping with the health crisis combined with the subsequent economic challenges requires many contributions. An essential cornerstone of stability is the public sector with an unprecedented aid program. The effects on the communities are already visible. Among...
Corona/COVID-19: Corona / COVID-19: Are municipalities currently finding attractive financing conditions, also due to digitization?
The municipalaties are now feeling the effects of the crisis, e.g. loss of local tax or a decrease in the share of income. In the case of new financing or debt restructuring, however, the municipalities benefit from the current situation around Corona / COVID-...
Negative interest rate indicators and our experience with community loan agreements
“Floor or no floor” – a sentence with a big impact. With regard to contracts, in the light of the current case law or in the handling of various banks on the subject of non-disclosure of the negative indicators, a first distinction must be ma...
COVID-19 & Municipalities Financing: securing liquidity and credit tenders – extended
COVID-19: Coping with the current health crisis demands contributions from all of us. The public sector, and thus the federal government, the federal states and the municipalities, is an essential cornerstone of financial stability. The Austrian federal govern...
Kommunal – Update 2/2020 negative interest rate indicators municipalities
The Kommunal, the magazine for mayors, local politicians and administration, provides trends, practical examples as well as tips and tricks for working in the communities and is interested in our opinion on negative interest rate indicators in communities. Neg...
“Municipalities also need external ongoing support in the area of finance“, Bürgermeister Mag. Gerold Stagl
The free city of Rust is approx. 2,000 inhabitants a statutory city and its own administrative district in Austria. As part of our financial management, there are a variety of topics in the community as well as in our outsourced units, which led us some time a...
Update 01/2020 Negativzinsen by municipalities
Current situation for claims from non-compliant interest rate adjustments by municipalities Negative interest rate indicators continue to occupy the municipalities in Austria in the new decade and have generally existed since March 2015. This is reflected both...
FRC – Finance & Risk Consult GmbH and komuno GmbH start partnership
komuno – The digital platform for municipal loans now also for Austria FRC – Finance & Risk Consult GmbH and komuno GmbH start partnership Following a successful start in Germany, komuno GmbH now also offers Austrian cities, municipalities and...
This is what our customers say … we thank for the trust!
Marktgemeinde Altenmarkt an der Triesting, LAbg. BGM Josef Balber. As a municipality with approx. 2,200 inhabitants we have a large number of tasks for. Precisely for this reason and in compliance with the requirements of the Lower Austrian Municipal Code (...
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We are looking forward to your contact.
