Question 1

What is Raiffeisenbank Alteglofsheim-Hagelstadt?

Accepted Answer

Raiffeisenbank Alteglofsheim-Hagelstadt is a cooperative bank (Genossenschaftsbank) based in Germany that serves the local communities of Alteglofsheim and Hagelstadt. As a member-owned financial institution, the bank operates under the cooperative principle where members hold shares and actively participate in the bank's governance.

The bank is part of the German Cooperative Financial Group (Genossenschaftliche FinanzGruppe Volksbanken Raiffeisenbanken), one of Germany's largest banking networks. As of 2023, the bank held total assets of approximately €168.63 million, ranking as the 1099th largest bank in Germany and the 624th largest cooperative bank nationally.

Question 2

When was Raiffeisenbank Alteglofsheim-Hagelstadt founded?

Accepted Answer

[Information not publicly available]. The bank was officially authorized by the German Federal Financial Supervisory Authority (BaFin) on December 4, 2013, though this authorization date does not necessarily reflect the bank's founding date.

The bank follows the cooperative banking tradition established by Friedrich Wilhelm Raiffeisen in the 19th century, which emphasized mutual support and community-based financial services.

Question 3

Where is Raiffeisenbank Alteglofsheim-Hagelstadt headquartered?

Accepted Answer

The bank's main office (Hauptgeschäftsstelle) is located in Hagelstadt, Germany, at Langenerlinger Str. 27, 93095 Hagelstadt. This location serves as the primary administrative and operational center for the institution.

Question 4

Where does Raiffeisenbank Alteglofsheim-Hagelstadt operate?

Accepted Answer

Raiffeisenbank Alteglofsheim-Hagelstadt operates in the Bavarian region of Germany, specifically serving the communities of Hagelstadt and Alteglofsheim in the Regensburg district. The bank maintains two branch locations:

Main Branch (Hauptstelle Hagelstadt): Located at Langenerlinger Str. 27, 93095 Hagelstadt, offering full banking services with extended hours including personal consultation outside regular counter hours.

Alteglofsheim Branch (Geschäftsstelle Alteglofsheim): Located at Regensburger Str. 36, 93087 Alteglofsheim, providing comprehensive banking services to the local community.

Both branches offer barrier-free access and modern self-service facilities including ATMs, account statement printers, and night deposit safes.

Question 5

What services does Raiffeisenbank Alteglofsheim-Hagelstadt offer?

Accepted Answer

The bank provides a comprehensive range of retail and business banking services tailored to individual customers and small to medium-sized enterprises (SMEs):

Retail Banking: Current accounts, savings accounts, time deposit accounts, debit cards, credit cards, and pension plans.

Lending Products: Consumer loans, car loans, mortgage loans, and commercial financing for local businesses.

Business Banking: Specialized services for SMEs with a focus on supporting local economic development.

Insurance Services: Insurance products through partnership with R+V Versicherung.

Investment Services: Trading accounts and asset management through Union Investment.

Building Finance: Home savings products through Bausparkasse Schwäbisch Hall.

Digital Services: Online banking platform, mobile banking application (VR Banking App), and call center support. The bank offers Wero, a real-time payment service within the VR Banking App, allowing instant money transfers using just a phone number.

Question 6

What makes Raiffeisenbank Alteglofsheim-Hagelstadt unique?

Accepted Answer

Strong Financial Performance: The bank demonstrates impressive growth rates significantly above the Bavarian cooperative banking average. In 2023, the bank achieved a 5.26% growth in total assets and a 15.17% increase in customer loans. The bank's operating profit before valuation stands at 1.82%, making it one of Bavaria's best-performing banks in this category.

Exceptional Credit Rating: Raiffeisenbank Alteglofsheim-Hagelstadt holds a Fitch long-term credit rating of AA- (very high credit quality) with a stable outlook, and an F1+ short-term rating (highest short-term credit quality).

Community Commitment: The bank maintains deep roots in the local community through substantial charitable contributions. It regularly supports local clubs, volunteer fire departments, and community projects. In recent initiatives, the bank donated €6,000 to six Alteglofsheim community associations and €2,500 to support youth fire brigades in the region.

Member Dividends: The bank pays a generous 6% dividend to its cooperative members, reflecting strong financial health and commitment to member value.

Local Economic Impact: The bank contributes significantly to municipal finances through tax payments, including gewerbesteuer (trade tax) to both Hagelstadt and Alteglofsheim municipalities, strengthening local government capacity.

Question 7

What type of financial institution is Raiffeisenbank Alteglofsheim-Hagelstadt?

Accepted Answer

Raiffeisenbank Alteglofsheim-Hagelstadt is a Genossenschaftsbank (cooperative bank), specifically an eingetragene Genossenschaft (registered cooperative, abbreviated eG). This designation reflects the bank's legal structure under German cooperative law.

As a cooperative credit institution (CRD_CRE_INS), the bank is owned by its members who hold shares and participate in governance through democratic decision-making at general assemblies. Each member has one vote regardless of the number of shares held, embodying the cooperative principle of "one member, one vote."

The bank operates under the supervision of the German Federal Financial Supervisory Authority (BaFin) and is registered in the cooperative register at the Amtsgericht Regensburg (Regensburg Local Court) under registration number 560. It is audited by the Genossenschaftsverband Bayern e.V. (Bavarian Cooperative Association) in accordance with Section 54 of the German Cooperative Act (GenG).

As a member of the BVR (Bundesverband der Deutschen Volksbanken und Raiffeisenbanken), the bank participates in the institutional protection scheme (BVR Institutssicherung GmbH) and benefits from membership in Germany's oldest deposit guarantee scheme, protecting customer deposits up to €100,000 per depositor.

Question 8

What is the bank's relationship with the German Cooperative Financial Network?

Accepted Answer

Raiffeisenbank Alteglofsheim-Hagelstadt is an integral member of the German Cooperative Financial Group (Genossenschaftliche FinanzGruppe Volksbanken Raiffeisenbanken), one of Germany's three major banking pillars alongside private commercial banks and public savings banks.

Through this network, the bank is connected to DZ Bank, the central institution for Germany's cooperative banks, which provides wholesale banking services and acts as the network's hub. This membership grants access to specialized financial partners including DZ Privatbank, Union Investment for asset management, R+V Versicherung for insurance products, Bausparkasse Schwäbisch Hall for home financing, and TeamBank for consumer financing.

The cooperative network comprises 672 local cooperative banks across Germany, collectively managing approximately €1.2 trillion in assets and serving 17.6 million members. The network employs around 136,900 people nationwide and represents a significant force in the German banking sector, particularly in retail and SME banking.

Question 9

How does the bank support regional development?

Accepted Answer

Raiffeisenbank Alteglofsheim-Hagelstadt demonstrates exceptional commitment to regional development through multiple channels. The bank focuses specifically on supporting small and medium-sized enterprises (SMEs), which form the backbone of the local Bavarian economy.

Customer lending grew by 15.17% in 2023, significantly outpacing regional averages, demonstrating the bank's active role in financing local business expansion and residential development. The bank's total customer volume under management reached €315 million, representing a €24 million increase.

Beyond traditional banking, the bank actively supports local infrastructure and community cohesion. Recent contributions include funding for youth fire brigade equipment and activities across five municipalities (Hagelstadt, Alteglofsheim, Köfering, Pfakofen, and Thalmassing), support for local sports clubs through equipment donations, and financial assistance to cultural organizations.

The bank's tax contributions, particularly gewerbesteuer payments to local municipalities, directly strengthen municipal budgets, enabling public infrastructure improvements and community services that benefit all residents.

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About Raiffeisenbank Alteglofsheim-Hagelstadt in Germany

Raiffe­isenba­nk Altegl­ofshei­m-Hage­lstadt