Raiffeisen Banking Group (Austria)
Today the gable cross is one of Austria's best-known brands and the leading brand among Austrian financial service providers.
The Raiffeisen Banking Group ( RBG , unofficially also "Raiffeisen Money Sector" ) is the larger of the two cooperatively structured banking groups in Austria (the second is the Volksbankengruppe) and the largest banking group in the country. The market share of RBG across the various market segments is around 30%, and its consolidated total assets are 280 billion euros (2016).
The RBG has three levels and consists of more than 400 independent local, cooperatively organized Raiffeisen banks (1st level), the eight regional Raiffeisen banks (2nd level) and the central bank of the banking group, Raiffeisen Bank International (RBI), which in turn includes numerous and has foreign subsidiaries. The individual cooperatives are members of the Austrian Raiffeisen Association .
Raiffeisen banks
The first stage of the RBG are the Raiffeisen banks . These are the main owners of the Raiffeisenlandesbanken (RLB), which form the second stage. The third stage consists of Raiffeisen Bank International (RBI) in Vienna. The main owners of this stock corporation are again the Raiffeisenlandesbanken.
The 434 Raiffeisen banks operate around 1,500 branches (as of mid-2017). In recent years, both the number of Raiffeisen banks and the number of bank branches has declined. Over 40% of Austrians are customers of a Raiffeisen bank.
Raiffeisen regional banks
In each state there is a Austrian RLB (in Salzburg Raiffeisenverband called), the main owner the Raiffeisenbanks are the respective state. Exceptions are the federal states of Lower Austria and Vienna , for which there is a joint Raiffeisenlandesbank. For contractual reasons, some Raiffeisen regional banks have been converted from cooperatives into stock corporations in recent years.
The Landesbanken have numerous different holdings independent of the holdings of Raiffeisen Bank International.
Raiffeisen Bank International
Raiffeisen Bank International AG (RBI) regards Austria, where it operates as a leading commercial and investment bank, and Central and Eastern Europe (CEE) as its home market. 14 markets in the region are covered by subsidiary banks, and the group also includes numerous other financial services companies, for example in the areas of leasing, asset management and M&A. In total, more than 50,000 employees serve 16.6 million customers in 2,500 business outlets, the majority of them in CEE (as of March 2017). The RBI share is listed on the Vienna Stock Exchange. The Raiffeisen Landesbanken hold around 58.8 percent of RBI, the rest is in free float. Within the Raiffeisen banking group, RBI is the central institute of the Raiffeisen Landesbanken and other affiliated credit institutions and in this function performs essential service tasks.
Until the merger with its then subsidiary RBI in March 2017, Raiffeisen Zentralbank Österreich AG was the central institution of the RBG.
Individual evidence
- ^ The Raiffeisen banking group. Retrieved April 21, 2014 .