Question 1

What is Raiffeisenbank Kollerschlag?

Accepted Answer

Raiffeisenbank Kollerschlag is a small regional cooperative credit institution (Genossenschaft) based in Austria. Operating in Upper Austria, the bank serves retail customers, professionals, and small and medium-sized enterprises in the Kollerschlag area. As a member of the Austrian Raiffeisen Banking Group and affiliated with Raiffeisenlandesbank Oberösterreich, it provides comprehensive local banking services.

In 2023, Raiffeisenbank Kollerschlag ranked as the 368th largest bank in Austria by total assets, holding a 0.01% market share with total assets of 115.76 million euros. Despite its small size, the bank achieved a 0.41% return on assets, demonstrating efficient operations.

Question 2

When was Raiffeisenbank Kollerschlag founded?

Accepted Answer

The bank was founded as part of the Austrian Raiffeisen cooperative banking movement, which traces its origins to 1886 when the first Raiffeisenbank in Austria was established in Mühldorf near Spitz in Lower Austria. The movement spread rapidly, with over 2,000 cooperative banks operating in Austria by 1918.

Raiffeisenbank Kollerschlag eGen received its current regulatory authorization on September 10, 2014, and is registered in Austria under company number 77552y. As a member of the Upper Austrian Raiffeisen group, the bank is connected to Raiffeisenlandesbank Oberösterreich, the largest of Austria's eight provincial central banks, headquartered in Linz.

Question 3

Where is Raiffeisenbank Kollerschlag headquartered?

Accepted Answer

The bank is headquartered in Kollerschlag, a municipality in the district of Rohrbach in Upper Austria.

Question 4

Where does Raiffeisenbank Kollerschlag operate?

Accepted Answer

Raiffeisenbank Kollerschlag operates in the Kollerschlag area of Upper Austria, serving local communities in the northern region of the state near the Czech border. The bank focuses on serving its immediate geographical area, providing personalized banking services to residents and businesses in this rural region of the Mühlviertel.

As a member of the Upper Austrian Raiffeisen group, the bank has connections to the broader network of approximately 342 local Raiffeisen cooperative banks across Austria.

Question 5

What services does Raiffeisenbank Kollerschlag offer?

Accepted Answer

The bank provides comprehensive retail banking services including current accounts, savings accounts, time deposits, debit cards, and credit cards. Consumer lending options include personal loans, car loans, and mortgage financing for residential properties.

Business banking services encompass business accounts, business payment cards, and commercial loans tailored to small and medium-sized enterprises in the region. Securities trading accounts are available for customers interested in investment products.

Digital banking services include online banking platforms and mobile applications, allowing customers to manage their accounts remotely. In 2023, the bank's interest income increased by 97.57%, reflecting growth in its lending activities.

Investment products and insurance services are available through partnerships within the Raiffeisen Banking Group, including building society savings through Raiffeisen Bausparkasse and investment funds via Raiffeisen Kapitalanlage-Gesellschaft.

Question 6

What makes Raiffeisenbank Kollerschlag unique?

Accepted Answer

As a cooperative bank (Genossenschaft), Raiffeisenbank Kollerschlag is owned by its members, who are typically customers from the local community. This cooperative structure ensures that decision-making remains local and aligned with community interests rather than external shareholders.

The bank's small size allows it to maintain close relationships with customers and provide personalized service. In 2023, despite total assets of only 115.76 million euros, the bank generated net income of 462,515 euros and achieved a loans-to-deposits ratio of 102.60%, demonstrating active support for local economic development.

The bank benefits from membership in the Raiffeisen institutional protection scheme, which was restructured in 2021 into a single nationwide fund called Österreichische Raiffeisen-Sicherungseinrichtung eGen (ÖRS). This system provides additional financial stability beyond statutory deposit insurance requirements.

Question 7

What type of financial institution is Raiffeisenbank Kollerschlag?

Accepted Answer

Raiffeisenbank Kollerschlag is a Raiffeisen-Kreditgenossenschaft (Raiffeisen credit cooperative), classified as a credit institution (CRDCREINS) under Austrian banking law. Credit cooperatives are member-owned financial institutions operating according to the cooperative principles established by Friedrich Wilhelm Raiffeisen in the 19th century.

The bank is supervised by the Austrian Financial Market Authority (FMA - Finanzmarktaufsicht) and is part of the Raiffeisen Banking Group structure in Upper Austria. Deposits up to 100,000 euros are protected by the Einlagensicherung AUSTRIA Ges.m.b.H (ESA) deposit guarantee scheme, ensuring customer fund security in accordance with EU directives.

Raiffeisenbank Kollerschlag

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About Raiffeisenbank Kollerschlag in Austria

Raiffe­isenba­nk Koller­schlag