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RAIFFEISEN
Raiffeisen is a co-operative bank based and founded in Austria and operating throughout central and eastern Europe.
"Raiffeisen" is a reference to Friedrich Wilhelm Raiffeisen, the founder of the co-operative movement of credit unions.
Austria
Raiffeisen Zentralbank Österreich (RZB), established in 1927, is the central institution of the cooperative banking group. The owners of the Zentralbank are 8 regional banks (named Raiffeisen Landesbank), which in turn are owned by some 550 local Raiffeisenbanks. It is one of the largest banking groups in the country.
There are interlinks between the Raiffeisen financial group and the Raiffeisen rural cooperatives (cooperatives of farmers for agricultural and related products). Raiffeisen members have considerable interests in the Austrian economy (construction, media, insurance etc.)
There are no significant ownership interlinks to Raiffeisen organisations in countries like Germany or Switzerland, only to those in the east (see Raiffeisen International below).
International
Raiffeisen International, mostly owned by RZB (whose share is 70%), is the company which operates banking subsidiaries in 15 countries of central and eastern Europe.
RZB has subsidiaries in many Central and Eastern European countries, namely Albania, Belarus, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Hungary, Moldova, Poland, Romania, Russia, Serbia, Slovakia, Slovenia and Ukraine. The shares of these so-called network banks are held by RZB's subsidiary Raiffeisen International Bank-Holding AG which is listed on the Vienna Stock Exchange.
For more information on particular Raiffeisen branches, see:
There are many independent Raiffeisen co-operative organizations in other countries, most of them specialised in agribusiness or banking.
External links
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