Question 1

What is Raiffeisenbank Region Baden?

Accepted Answer

Raiffeisenbank Region Baden is a regional cooperative bank (Genossenschaftsbank) based in Austria. It operates as part of the broader Austrian Raiffeisen Banking Group, providing comprehensive retail and business banking services to individuals, professionals, and small to medium-sized enterprises (SMEs) in the Industrieviertel region of Lower Austria. As of 2023, it ranked as the 59th largest bank in Austria with total assets of approximately EUR 1.92 billion, representing a 0.19% market share.

Question 2

When was Raiffeisenbank Region Baden founded?

Accepted Answer

While the specific founding date of this particular regional bank is not publicly documented, it is part of the Austrian Raiffeisen movement that began in 1886. The first Raiffeisen bank in Austria was established in Mühldorf, near Spitz an der Donau, by farmers, craftsmen, laborers, and traders seeking solutions to the agrarian crisis. The bank evolved following Friedrich Wilhelm Raiffeisen's cooperative principles of "Hilfe zur Selbsthilfe" (help for self-help), where members pool resources to support one another.

Like other regional Raiffeisen banks, Raiffeisenbank Region Baden likely formed through mergers of smaller local cooperative banks over the decades, consolidating to better serve the growing region.

Question 3

Where is Raiffeisenbank Region Baden headquartered?

Accepted Answer

The bank is headquartered in Baden bei Wien, a spa town in Lower Austria, approximately 26 kilometers south of Vienna.

Question 4

Where does Raiffeisenbank Region Baden operate?

Accepted Answer

Raiffeisenbank Region Baden operates throughout the Industrieviertel region of Lower Austria, with its primary service area centered around Baden bei Wien and surrounding communities. The bank maintains multiple branch locations to serve local residents and businesses across this region. Its focus remains on being a financial Nahversorger (local financial services provider) for the communities it serves.

Question 5

What services does Raiffeisenbank Region Baden offer?

Accepted Answer

The bank provides a comprehensive range of financial services including:

Retail Banking: Current accounts, debit cards (Debit Mastercard), credit cards, savings accounts, time deposits, consumer loans, car loans, and mortgage loans.

Business Banking: Business accounts, business payment cards, business loans, and financing solutions for SMEs.

Investment Services: Trading accounts, securities brokerage, and access to fund products through group-affiliated asset managers like Union Investment.

Insurance and Pension: Distribution of insurance products and pension solutions through partnered insurers (R+V Versicherung, Raiffeisen Versicherung).

Digital Banking: The Mein ELBA online and mobile banking platform with strong customer authentication, enabling 24/7 account management. The bank also offers the VR Banking App for mobile financial management.

Additional Services: Bausparen (building savings) through Raiffeisen Bausparkasse, leasing arrangements, and advisory services for wealth management.

Question 6

What makes Raiffeisenbank Region Baden unique?

Accepted Answer

Cooperative Ownership: As a registered cooperative (eGen), customers can become members by purchasing shares, granting them voting rights at the annual general assembly. The bank operates according to cooperative principles, returning profits to the region and its members.

Regional Commitment: The bank emphasizes its role as a local financial partner deeply embedded in the community, supporting regional economic development and local initiatives.

Member Benefits: The Raiffeisen Mein Bonus loyalty program rewards customers for using multiple bank products, with accumulated points convertible to cash at year-end. Members also receive exclusive discounts and offers through partner arrangements.

Digital Innovation: While maintaining personal branch-based service, the bank has embraced modern digital platforms, offering convenient online and mobile banking solutions alongside traditional advisory services.

Question 7

What type of financial institution is Raiffeisenbank Region Baden?

Accepted Answer

Raiffeisenbank Region Baden is a Genossenschaftsbank (cooperative bank), specifically a Kreditinstitut (credit institution) regulated by the Austrian Financial Market Authority (FMA) and supervised by the Oesterreichische Nationalbank (OeNB).

In Austria, cooperative banks form a distinctive pillar of the banking system, characterized by member ownership and democratic governance. This structure ensures the bank prioritizes the interests of its local community over external shareholders. Deposits up to EUR 100,000 per depositor are protected under Austria's Einlagensicherung AUSTRIA Ges.m.b.H (ESA) deposit guarantee scheme.

Raiffeisenbank Region Baden

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About Raiffeisenbank Region Baden in Austria

Raiffe­isenba­nk Region Baden