Question 1

What is Raiffeisen?

Accepted Answer

Raiffeisen (Banque Raiffeisen) is Luxembourg's only cooperative bank and one of the oldest financial institutions in the country. Founded in 1926, it operates as an independent cooperative banking group offering retail banking, business banking, private banking, and wealth management services. The bank ranks as the 14th largest bank in Luxembourg with approximately 1.11% market share and serves individuals, self-employed professionals, SMEs, and corporations.

Question 2

When was Raiffeisen founded?

Accepted Answer

Banque Raiffeisen was founded in 1926 (some sources indicate 1925) with the aim of meeting the specific needs of Luxembourg's rural community. The bank was created on the cooperative model, with solidarity as a founding principle based on the ideas of Friedrich Wilhelm Raiffeisen.

In 1970, the Luxembourg Raiffeisen network comprised 138 local caisses (cooperative banks) across the country. Over the decades, Banque Raiffeisen evolved from a rural union into a universal financial institution while maintaining its founding cooperative principles. As of 2013, the bank operates approximately 50 sales points, including 11 directly owned branches and others belonging to 13 Caisses Raiffeisen controlled by the bank.

Question 3

Where is Raiffeisen headquartered?

Accepted Answer

Raiffeisen is headquartered in Leudelange, Luxembourg. The bank maintains its decision-making centers in Luxembourg, enabling quick and efficient responses to customer needs.

Question 4

Where does Raiffeisen operate?

Accepted Answer

Within Luxembourg, Raiffeisen operates through an extensive network of approximately 50 branches and sales points distributed across the entire Grand Duchy. The bank covers the complete national territory with branches in communities including Alzingen, Bascharage, and numerous other locations throughout Luxembourg, ensuring proximity to customers in both urban and rural areas.

Question 5

What services does Raiffeisen offer?

Accepted Answer

Raiffeisen offers comprehensive banking services across multiple segments. Retail Banking provides current accounts, credit cards, savings accounts, time deposits, consumer loans, mortgage loans, student loans, and digital payment solutions including R-Payconiq and Apple Pay.

Business Banking delivers financing solutions for company growth, cash management tools, investment support, and specialized services for SMEs and larger corporations. Private Banking offers three service levels: R-Invest (on-demand advice), R-Conseil (regular investment advice), and R-Gestion (discretionary wealth management). Services include investment funds, equities, ETFs, structured products, and insurance products.

Asset Management is provided through a partnership with Swiss private bank Vontobel, offering diversified investment solutions. The bank emphasizes sustainable finance with ESG-compliant products and financing for energy transition projects. Raiffeisen also operates a loyalty program for members and provides online banking capabilities. Deposits are protected up to €100,000 through Luxembourg's deposit guarantee scheme (FGDL).

Question 6

What makes Raiffeisen unique?

Accepted Answer

Raiffeisen is distinguished as Luxembourg's only cooperative bank, operating independently without foreign shareholders. Customers can become members of the cooperative, directly participating in the bank's governance and benefiting from banking and non-banking advantages through the loyalty program.

The bank is recognized as Luxembourg's first financial institution to offer a comprehensive range of products and services complying with environmental, social, and governance (ESG) criteria. With over 90 years of experience and 683 employees, Raiffeisen combines a strong local presence with modern digital capabilities. The bank is a member of the International Raiffeisen Union (IRU) and organizes the annual Raiffeisen Molconcours art contest in collaboration with other European cooperative banks.

Question 7

What type of financial institution is Raiffeisen?

Accepted Answer

Raiffeisen is classified as a credit institution (CRDCREINS) under European Banking Authority regulations. It operates as a cooperative bank, a distinct banking model where customers can become member-owners.

The institution is regulated by the Commission de Surveillance du Secteur Financier (CSSF) and designated as a "less significant institution" under European Banking Supervision since 2014. Raiffeisen participates in Luxembourg's deposit guarantee scheme (AGDL - Association pour la Garantie des Dépôts, Luxembourg). The bank's cooperative structure emphasizes solidarity, proximity, and social responsibility while functioning as a universal banking institution.

Raiffeisen

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About Raiffeisen in Luxembourg