Question 1

What is Raiffeisenbank Linz-Land West?

Accepted Answer

Raiffeisenbank Linz-Land West is a local cooperative bank (eingetragene Genossenschaft, eGen) operating in the Upper Austria region. The bank is a member of Austria's Raiffeisen Banking Group, one of the country's largest banking networks comprising 342 local cooperative banks. As of 2023, it ranks as the 118th largest bank in Austria by total assets with approximately €844 million, holding a 0.09% market share.

The bank serves retail customers, professionals, and small to medium-sized enterprises (SMEs) in the Linz-Land West region, providing comprehensive banking services with a focus on local community banking.

Question 2

When was Raiffeisenbank Linz-Land West founded?

Accepted Answer

Raiffeisenbank Linz-Land West was founded on June 27, 1909, making it over 115 years old. The bank was established as part of the Austrian Raiffeisen cooperative movement, which spread to the Habsburg Monarchy in 1886 when Friedrich Wilhelm Raiffeisen's model of rural cooperative banking was adopted in Austria.

The bank has evolved from its agricultural cooperative roots to become a modern full-service financial institution serving the diverse needs of the Linz-Land West community. It survived both World Wars and adapted to Austria's changing economic landscape, including EU accession in 1995 and the introduction of the euro.

Question 3

Where is Raiffeisenbank Linz-Land West headquartered?

Accepted Answer

Raiffeisenbank Linz-Land West is headquartered at Stadtplatz 4, 4060 Leonding, in the state of Upper Austria (Oberösterreich), Austria. Leonding is a city adjacent to Linz, Austria's third-largest city, and serves as the central hub for the bank's operations.

Question 4

Where does Raiffeisenbank Linz-Land West operate?

Accepted Answer

The bank operates in the western districts of Linz-Land in Upper Austria, serving multiple communities in the greater Linz metropolitan area. Its branch network includes locations in:
• Leonding (main branch at Stadtplatz and additional locations at Bindermichl, Doppl-Hart, and Harter-Plateau)
• Pasching
• Hörsching
• Kirchberg-Thening

The bank maintains both full-service branches and self-service banking centers throughout its service area to provide convenient access to customers across these municipalities.

Question 5

What services does Raiffeisenbank Linz-Land West offer?

Accepted Answer

Raiffeisenbank Linz-Land West provides comprehensive retail and business banking services:

Retail Banking: Current accounts, savings accounts, time deposit accounts, debit cards (Maestro), credit cards, consumer loans, car loans, and mortgage loans.

Business Banking: Business accounts, business payment cards, business loans, and financial services for small and medium-sized enterprises.

Investment & Wealth Services: Trading accounts, investment products, and portfolio management services.

Digital Services: The bank offers Mein ELBA online banking platform and mobile app, enabling customers to manage accounts, execute transactions, and access banking services 24/7. Customers can use RaiPay for mobile payments and contactless transactions using NFC technology.

Additional Services: Foreign currency exchange, safe deposit boxes, coin counting machines, and accessible ATMs with features including barrier-free access, voice output, and contactless card recognition.

Question 6

What makes Raiffeisenbank Linz-Land West unique?

Accepted Answer

Raiffeisenbank Linz-Land West distinguishes itself through its cooperative banking structure, where customers can become co-owners by purchasing cooperative shares. This ownership model aligns the bank's interests directly with its local community members.

The bank emphasizes accessibility and inclusion, with all its ATMs and banking terminals equipped with barrier-free access features, including wheelchair-accessible height, lower keypad operation, voice guidance, and contactless NFC technology.

As a member of the Raiffeisen Banking Group, customers benefit from Austria's largest banking network while maintaining the personalized service of a local institution. The bank participates in the Österreichische Raiffeisen-Sicherungseinrichtung (ÖRS) deposit guarantee scheme, protecting deposits up to €100,000 per depositor.

With over 115 years of local presence, the bank maintains deep roots in the Linz-Land West communities it serves, supporting local economic development and maintaining strong relationships with regional businesses and residents.

Question 7

What type of financial institution is Raiffeisenbank Linz-Land West?

Accepted Answer

Raiffeisenbank Linz-Land West is classified as a Kreditinstitut (credit institution) and specifically operates as an eingetragene Genossenschaft (eGen), which is a registered cooperative in Austrian legal terminology. This designation is also known as an Erwerbs- und Wirtschaftsgenossenschaft (commercial and economic cooperative).

As a cooperative bank, it follows the Raiffeisen model of mutual banking where members own shares in the institution and participate in governance. This structure emphasizes community-focused banking, local decision-making, and profit-sharing among member-owners rather than external shareholders.

The bank is supervised by the Austrian Financial Market Authority (FMA) and is part of the Raiffeisen Banking Group's institutional protection scheme, which provides additional financial stability through mutual support arrangements among all Austrian Raiffeisen banks.

Raiffeisenbank Linz-Land West

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About Raiffeisenbank Linz-Land West in Austria

Raiffe­isenba­nk Linz-Land West