Raiffeisen Switzerland

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  Raiffeisen Switzerland Cooperative
logo
Country SwitzerlandSwitzerland Switzerland
Seat St. Gallen
legal form cooperative
IID 80000
BIC RAIFCH22XXX
founding 1899
Website www.raiffeisen.ch
Business data December 31, 2018Template: Infobox credit institute / maintenance / data out of date
Total assets ≈ CHF 225 billion
insoles ≈ CHF 166 billion
Customer credit ≈ CHF 190 billion
Employee 9,215 (full-time positions)
Offices 880 locations
management
Corporate management

Heinz Huber ( CEO )
Guy Lachappelle
( Chairman of the Board of Directors )

Raiffeisen Switzerland is an association of all Swiss Raiffeisen banks. The banks, which are organized on the basis of a cooperative , form the densest network of branches in Switzerland with 246 independent Raiffeisen banks with a total of 896 branches.

In the 21st century, the Raiffeisen Group became the third largest Swiss banking group with total assets of 225 billion francs today. It is one of the leading Swiss retail banks . Raiffeisen has been one of the systemically important banks in Switzerland since June 2014 and must therefore meet special capital requirements. Raiffeisen Switzerland has 3.8 million customers in Switzerland. Of these, almost 1.9 million are members of the cooperative and thus co-owners of regional Raiffeisen banks.

Association organization

Raiffeisen Switzerland building in St. Gallen

The 246 legally independent Raiffeisen banks in Switzerland have merged to form Raiffeisen Switzerland (formerly known as the Swiss Association of Raiffeisen Banks ). Like the Raiffeisen banks involved, Raiffeisen Switzerland is a cooperative. This coordinates the group's activities, creates framework conditions for the business activities of the local Raiffeisen banks (e.g. information technology , infrastructure, refinancing) and advises and supports them in all matters. In addition, Raiffeisen Switzerland is responsible for risk management and control.

Member of Raiffeisen Switzerland can be any cooperative bank that both the "Model statutes" of the Raiffeisen banks and the statutes and regulations of Raiffeisen Switzerland recognizes. The statutes of all independent Raiffeisen banks are therefore practically identical. The accepted members also become members of the regional association in whose area they are based.

The “model statutes” of the Raiffeisen banks are drawn up and amended by the general assembly (until 2019: assembly of delegates), the supreme body of Raiffeisen Switzerland.

The Board of Directors of each Raiffeisen bank elects the representative of its bank and his or her deputy for each General Assembly of Raiffeisen Switzerland (model statutes, Article 29).

Raiffeisen Switzerland operates directly managed branches in the urban regions of Basel, Bern, St. Gallen, Thalwil, Winterthur and Zurich, in which there are no Raiffeisen cooperatives.

Raiffeisen Switzerland's head office has been in St. Gallen since 1912 and legally since 1936 .

history

The ideas of Hermann Schulze-Delitzsch and Friedrich Wilhelm Raiffeisen , especially the idea of self-help, were received with interest in Europe and found many imitators, especially in rural areas. On the initiative of Pastor Johann Traber , the first Raiffeisenkasse in Switzerland was established in Bichelsee in 1899 .

In 1902 ten institutes founded the Swiss Raiffeisen Association.

From 1912 there was a joint office of the association in St. Gallen, which was expanded over the next 40 years by director Josef Stadelmann .

In 1989 the unlimited solidarity liability of members of the Raiffeisen banks was abolished and an obligation to make additional contributions of a maximum of 8,000 francs was introduced in their place . All statutes of the then 305 Raiffeisen cooperatives included the obligation to make additional payments until the beginning of 2014. Unlimited solidarity and the obligation to make additional payments have never had to be demanded in the hundred years of Raiffeisen history in Switzerland. The obligation to make additional contributions was abolished in 2014. This means that the members of a Raiffeisen bank no longer run the risk of having to save the group from imminent bankruptcy with an additional contribution in addition to their share certificates.

In 2017, the Swiss Financial Market Supervisory Authority initiated an enforcement procedure regarding corporate governance issues against the banking group and regarding the handling of conflicts of interest during his time at Raiffeisen Switzerland against its former boss Pierin Vincenz . Due to the resignation of Vincenz as President of Helvetia Insurance and his assurance that he would no longer strive for a responsible position at a bank or insurance company, the financial market supervisory authority discontinued the proceedings against Vincenz, while those against Raiffeisen continued. After an eight-month investigation, the Financial Market Authority concluded the enforcement proceedings against Raiffeisen in June 2018. In 2014 Raiffeisen (51% stake) and Avaloq (49% stake) founded the joint venture ARIZON Sourcing AG. The aim of ARIZON Sourcing AG is to set up and maintain the banking platform for Raiffeisen. The IT project was successfully completed at the beginning of January 2019, with all 253 banks (246 Raiffeisen banks, 6 branches and the central bank) now operating on one platform. In January 2019 it was announced that Raiffeisen Switzerland would acquire Avaloq's 49% stake in the ARIZON Sourcing AG joint venture and that ARIZON Sourcing AG would be fully integrated into Raiffeisen Switzerland. Raiffeisen has also announced that it intends to reduce its stake in the derivatives specialist Leonteq from 29 to 19 percent. On February 26, 2018, Raiffeisen announced that the previous minority shareholders would take over 100% of Investnet. The Raiffeisen subsidiary KMU Capital, in which Investnet previously held 40%, will return to Raiffeisen's full ownership. The capital provider function (KMU Capital) and the investment advisory (Investnet) should therefore be clearly separated from each other.

Since there is less and less demand for classic bank counters with cash , Raiffeisen is now increasingly relying on branches with ATMs and integrated cashless cafés . As part of the revised Payment Services Directive (PSD2) , Raiffeisen plans to use the SIX Open Banking Hub to enable third-party providers to access the bank account data.

Business principles

The cooperative banks look after the population of the region in a clearly defined business group. By keeping customer funds in the business area, they should contribute directly to the development of the region. The Raiffeisen banks also support local associations and social institutions. They are both regional employers and taxpayers in the communities.

The principles include local anchoring and customer proximity, the cooperative structure and the connection between cooperative values ​​and business thinking.

Individual interests of individuals are not possible, management responsibility at Raiffeisen is federally distributed. Raiffeisen does not strive for growth at any price. The principles also include a prudent credit policy and risk control.

Holdings

Raiffeisen Switzerland cooperates with several companies in order to offer the associated Raiffeisen banks their services. Raiffeisen Switzerland is directly involved in the following companies:

After Vincenz left, these holdings were critically scrutinized and holdings have been reduced since then. For example, Notenstein Privatbank (private bank, online private bank), which has belonged to 100% of the group since 2012 and which had been expanded to Notenstein La Roche Privatbank in 2015 through the takeover of the adjusted customer base and employees of the La Roche private bank , was sold in May 2018 for 700 Million Swiss francs sold to the private bank Vontobel .

literature

  • Sibylle Obrecht: Raiffeisen . Verlag Huber, Frauenfeld 2000, ISBN 3-7193-1185-6
  • Andreas Zakostelsky, Friedrich Hagspiel (eds.): White paper association. Overview of the network structures at European cooperative banks . Vienna 1999

Web links

Individual evidence

  1. ↑ Entry in the commercial register of the Canton of St. Gallen. Retrieved May 28, 2013
  2. ↑ a b Entry in the bank master of Swiss Interbank Clearing
  3. ↑ a b Interim Financial Statements of the Raiffeisen Group 2017 (PDF; 1.1 MB) , accessed on November 18, 2017
  4. ↑ Heinz Huber becomes the new Raiffeisen boss. In: Neue Zürcher Zeitung . 20th November 2018.
  5. ↑ Despite the controversy surrounding the ASE affair: Guy Lachappelle is the new Raiffeisen President. In: Basellandschaftliche Zeitung . November 10, 2018.
  6. ↑ Capital situation , accessed on October 31, 2017
  7. ↑ Model statutes of the Raiffeisen banks (2020 edition) : Art. 5: The bank is a member of Raiffeisen Switzerland. It recognizes their statutes. It undertakes to keep its articles of association in accordance with the articles of association of Raiffeisen Switzerland and the resolutions of the general assembly of Raiffeisen Switzerland .
  8. ↑ Statutes of Raiffeisen Switzerland (2020 edition) : Art. 25: The General Assembly is the supreme body of Raiffeisen Switzerland , Art. 28: The General Assembly has the following powers: a) Changing the Statutes of Raiffeisen Switzerland and drawing up the model statutes for the Raiffeisen banks (RB ).
  9. ↑ Swiss banking information
  10. ↑ Freiburger Nachrichten of March 12, 2014: Members of the Raiffeisenbank are no longer obliged to make additional contributions [1]
  11. ↑ K-Tip from October 22, 2014: The end of the obligation to make additional contributions [2]
  12. ↑ Inside Paradeplatz from March 6, 2018: When the “Raiffeisenbank” liability group starts to falter
  13. ↑ Finma initiates proceedings against Raiffeisen. In: Finance and Economy . October 30, 2017.
  14. ↑ Ermes Gallarotti: A Christmas present for Pierin Vincenz. In: Neue Zürcher Zeitung . December 21, 2017.
  15. ↑ Successful introduction of the Avaloq platform at Raiffeisen: media release January 31, 2019 .
  16. ↑ Holger Alich: Gisel clears out the bank. In: The Bund . 18th November 2017.
  17. ↑ Mischa Stünzi: Banks say goodbye to cash . In: derbund.ch , September 18, 2018, accessed on September 18, 2018.
  18. ↑ Samuel Gerber: These big banks are starting with SIX Open Banking first. In: finews.ch . May 15, 2019, accessed May 19, 2019 .
  19. ↑ Cooperations and participations , accessed on December 28, 2017
  20. ^ Marc Badertscher: Liaison dangereuse. In. Handelszeitung, March 23, 2017, p. 3
  21. ↑ Facts and Figures , accessed on October 31, 2017
  22. ↑ Raiffeisen Group: Annual Report 2017 , accessed on December 12, 2018 (PDF).
  23. ↑ Ermes Gallarotti: Where is the Raiffeisen going ? Raiffeisen is poorly prepared for difficult times. In: Neue Zürcher Zeitung , December 21, 2017, accessed on December 28, 2017.
  24. ↑ Notenstein takes over La Roche from Basler ( Memento of the original from February 16, 2015 in the Internet Archive ) Info: The archive link has been inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. , accessed February 21, 2015 @1@ 2Template: Webachiv / IABot / www.otenstein.ch

Coordinates: 47 ° 25 '18.4 "  N , 9 ° 22' 23.6"  E ; CH1903:  seven hundred forty-five thousand nine hundred and sixty-eight  /  254,128