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Raiffeisenbank or Raiffeisen Bank refers to cooperative banks in Europe that are rooted in the early credit unions of Friedrich Wilhelm Raiffeisen. The name is found in: The name is found in: Raiffeisen Banking Group , Austrian group of cooperative banks
The Raiffeisen Banking Group (German: Raiffeisen Bankengruppe, RBG) is a group of cooperative banks in Austria. The Austrian Raiffeisen banks are not consolidated under a single parent entity but are financially linked through a common institutional protection scheme and deposit guarantee scheme .
At the end of 2022, Raiffeisenbank received 141 billion rubles in net profit - four times more than a year earlier (38.7 billion rubles), taking second place after Sberbank. Due to restrictions on the withdrawal of funds to unfriendly countries, the profit could not be distributed as dividends and was capitalized.
Raiffeisen is one of the few large international banks that did not wind down its business after Russia's invasion of Ukraine. The Russian division of Raiffeisen has the status of a systemically important bank, ranks second in terms of net profit and provides half of the group's net profit (4,2 billion Euros). [21]
Raiffeisen branch in Bucharest. Raiffeisen Bank is a universal bank on the Romanian market, providing a complete range of products and services to private individuals, SMEs and large corporations via multiple distribution channels: banking outlets (more than 350 throughout the country), ATM and EPOS networks, phone-banking (Raiffeisen Direct) and mobile-banking (myBanking).
Banque Raiffeisen is a Luxembourgish banking and financial services company. Founded in 1926, it is one of the oldest banks in Luxembourg. The bank is independent from foreign shareholders. It is a member of the International Raiffeisen Union (IRU), which is an association of cooperatives based on the ideas of Friedrich Wilhelm Raiffeisen. [2]
Hermann Schulze-Delitzsch (1808–1883) Friedrich Wilhelm Raiffeisen (1818–1888) Wilhelm Haas (1839–1913) In 1843, the first German cooperative bank was created by 50 inhabitants of Öhringen in the Kingdom of Württemberg, who named it the Öhringer Privatspar- und Leihkasse ("private savings and lending bank of Öhringen") – it still exists as the Volksbank Hohenlohe [].
In June 2013, Raiffeisen supported the nationalised Volksbank Group by purchasing a package of poor loans worth $300mn from them. [10] In February 2014, Raiffeisen Bank International was reported as reevaluating their participation in the Eastern European and Russian markets, where 57% of Raiffeisen's total assets were, according to bank data. [6]