Question 1

What is Raiffeisenbank München-Süd?

Accepted Answer

Raiffeisenbank München-Süd is a German cooperative bank (Genossenschaftsbank) operating as a registered cooperative (eingetragene Genossenschaft) based in Munich, Germany. The bank provides universal banking services with a focus on retail and business customers in southern Munich and the western part of the Munich district.

As of 2024, the bank manages total assets of approximately €1.39 billion and serves its community with 130 employees and over 6,600 member-owners. The institution is a member of the German Cooperative Financial Group (Genossenschaftliche FinanzGruppe Volksbanken Raiffeisenbanken).

Question 2

When was Raiffeisenbank München-Süd founded?

Accepted Answer

Raiffeisenbank München-Süd was founded on November 14, 1924, by 21 residents from Forstenried, Solln, and Neuried. It was originally established as "Spar- und Darlehenskassenverein Forstenried bei München und Umgebung eGmuH" (Savings and Loan Association Forstenried near Munich and Surroundings).

The bank was created as a self-help institution, embodying the cooperative principles of self-help, self-responsibility, and self-administration for the economic promotion of its members. The founding took place in Forstenried, which was then an independent municipality before becoming part of Munich.

The bank has undergone several name changes throughout its history: in 1935 to "Spar- und Darlehenskassenverein München-Forstenried und Umgebung eGmbH," in 1947 to "Raiffeisenkasse München Forstenried eGmuH," in 1956 to "Raiffeisenbank München-Forstenried eGmbH," in 1974 to "Raiffeisenbank München-Forstenried eG," and finally in 1993 to its current name "Raiffeisenbank München-Süd eG."

Question 3

Where is Raiffeisenbank München-Süd headquartered?

Accepted Answer

Raiffeisenbank München-Süd is headquartered in Munich (München), Germany. The main office and legal seat is located in the Forstenried district at Liesl-Karlstadt-Straße 28, 81476 München.

The bank purchased its own property at Liesl-Karlstadt-Straße 26 in 1955, marking a significant milestone in the bank's development from its humble beginnings as a small accounting room.

Question 4

Where does Raiffeisenbank München-Süd operate?

Accepted Answer

Raiffeisenbank München-Süd operates in southern Munich and the adjacent western areas of the Munich district (Landkreis München). The bank maintains several branch locations throughout its service area, including Forstenried (main office and legal seat), Neuried, Fürstenried, and Pullach im Isartal.

The bank provides comprehensive coverage through seven branch locations and 28 ATMs across the Munich metropolitan area. This dense network ensures accessibility for customers throughout the southern Munich region.

Question 5

What services does Raiffeisenbank München-Süd offer?

Accepted Answer

Raiffeisenbank München-Süd offers comprehensive universal banking services (Universalbankgeschäft) for both retail and business customers. Products include current accounts, debit cards (including virtual girocard), credit cards (including the GoldCard), savings accounts, time deposits, pension plans, consumer loans (including easyCredit), car loans, mortgage loans, and trading accounts.

The bank provides digital banking services through its online banking platform and the VR Banking App, which offers features such as photo transfers, multi-bank capability, contactless mobile payments, biometric authentication (fingerprint, Touch ID, Face ID), and the Wero instant payment function. Security is ensured through the VR SecureGo plus app and Smart-TAN plus procedures.

As part of the cooperative financial network, the bank collaborates with partner organizations including DZ Bank, R+V Versicherung (insurance), Bausparkasse Schwäbisch Hall (building society), Teambank, VR Leasing, DZ Hyp, and Union Investment (asset management). The bank also offers investment services including funds, securities trading, and depot management through the UnionDepot platform.

Question 6

What makes Raiffeisenbank München-Süd unique?

Accepted Answer

Raiffeisenbank München-Süd distinguishes itself through its cooperative ownership structure, with 6,691 members who are both customers and co-owners of the institution. Members have equal voting rights regardless of their share holdings, and they elect 67 representatives every four years to the general assembly (Vertreterversammlung), which makes key decisions about the bank's direction.

The bank has maintained its independence for over 100 years, successfully preserving its local character while growing from a modest beginning with a balance sheet of 492,592 Reichsmark in 1945 to approximately €1.39 billion in assets today. The institution holds a AA- credit rating from Fitch, indicating very high credit quality.

With a strong emphasis on regional engagement and customer service, the bank focuses particularly on small and medium-sized enterprises (SMEs) and local economic development. This commitment to the community, combined with long-term stability and personalized service, forms the foundation of customer trust in the institution.

Question 7

What type of financial institution is Raiffeisenbank München-Süd?

Accepted Answer

Raiffeisenbank München-Süd is a Genossenschaftsbank (cooperative bank) in the legal form of an eingetragene Genossenschaft (eG) (registered cooperative). This institutional type is deeply rooted in German banking tradition, tracing back to the 19th-century cooperative movement pioneered by Friedrich Wilhelm Raiffeisen.

As a cooperative bank, it operates under the German Cooperative Act (Genossenschaftsgesetz) and is governed by its statutes as approved by the general assembly. The bank is registered in the cooperative register at the Munich Local Court under GnR 999.

It is a member of the Genossenschaftsverband Bayern e.V. (Bavarian Cooperative Association) and participates in the BVR Institutssicherung (BVR Institutional Protection Scheme) and the deposit guarantee scheme of the German Cooperative Financial Group, which protects deposits up to €100,000 per depositor. The bank is supervised by BaFin (Bundesanstalt für Finanzdienstleistungsaufsicht), the German Federal Financial Supervisory Authority.

Raiffeisenbank München-Süd

in Germany 🇩🇪

Crypto-Friendliness

All done!

About Raiffeisenbank München-Süd in Germany

Raiffe­isenba­nk München-Süd