Oesterreichische Entwicklungsbank (OeEB) is a banking institution based in Vienna, Austria. Established in 2008, OeEB acquired a financial interest in companies in developing countries and emerging markets and strengthens the developmental effects with collateral measures. It is a wholly-owned subsidiary of Erste Bank Der Oesterreichischen Sparkassen. The assets are managed by a two-member executive board, who in turn is monitored by the supervisory board.