Question 1

What is Raiffeisenbank Aitrang-Ruderatshofen?

Accepted Answer

Raiffeisenbank Aitrang-Ruderatshofen is a cooperative bank (Genossenschaftsbank) operating in the Allgäu region of Bavaria, Germany. As a member-owned credit institution, it is part of the German Cooperative Financial Group (Genossenschaftliche FinanzGruppe Volksbanken Raiffeisenbanken), one of Germany's largest banking networks.

The bank focuses on retail and business banking services, with particular attention to small and medium-sized enterprises (SMEs) and the development of the local economy. With total assets of approximately 82.27 million EUR as of 2023, it ranks as the 1155th largest bank in Germany and the 677th largest cooperative bank.

Question 2

When was Raiffeisenbank Aitrang-Ruderatshofen founded?

Accepted Answer

While specific founding details of Raiffeisenbank Aitrang-Ruderatshofen are not publicly documented, the bank is part of the broader Raiffeisen cooperative banking movement. The Raiffeisen system was pioneered by Friedrich Wilhelm Raiffeisen in the 19th century to provide financial services to rural communities in Germany.

The first Raiffeisen banks emerged in the 1860s and 1870s to serve farmers, craftsmen, and traders who lacked access to traditional banking services. The bank received its EBA authorization on September 15, 2016, as part of European regulatory standardization.

Question 3

Where is Raiffeisenbank Aitrang-Ruderatshofen headquartered?

Accepted Answer

The bank is headquartered in Aitrang, Bavaria, Germany. The main office is located at Lindenstraße 32, 87648 Aitrang, in the district of Ostallgäu.

Aitrang is a municipality in the south Bavarian region of Allgäu, positioned between Kempten and Füssen in the pre-alpine landscape of southern Germany.

Question 4

Where does Raiffeisenbank Aitrang-Ruderatshofen operate?

Accepted Answer

Raiffeisenbank Aitrang-Ruderatshofen operates in the Ostallgäu district of Bavaria, serving the municipalities of Aitrang and Ruderatshofen, along with surrounding communities in the Allgäu region.

The bank maintains branch locations in both Aitrang and Ruderatshofen, providing local banking services to residents and businesses in this rural area of southern Bavaria. The region is characterized by its agricultural economy and proximity to the Alpine foothills.

Question 5

What services does Raiffeisenbank Aitrang-Ruderatshofen offer?

Accepted Answer

The bank provides comprehensive retail and business banking services, including current accounts, savings accounts, time deposits, debit cards, credit cards, and pension plans. For lending, it offers consumer loans, car loans, and mortgage loans.

Business customers, particularly small and medium-sized enterprises, have access to commercial banking products and insurance services. The bank delivers its services through physical branches, online banking platforms, mobile applications, and a call center.

Additional branch services include ATMs, statement printers, coin and banknote deposit machines, safe deposit boxes, and free parking facilities.

Question 6

What makes Raiffeisenbank Aitrang-Ruderatshofen unique?

Accepted Answer

As a cooperative bank, Raiffeisenbank Aitrang-Ruderatshofen is owned by its members through shares, operating on principles of self-help, self-management, and self-responsibility. Members have equal voting rights regardless of their shareholding, embodying democratic governance.

The bank participates in the BVR Institutssicherung GmbH deposit guarantee scheme, which protects deposits up to 100,000 EUR per depositor. Fitch Ratings has assigned the bank a long-term credit rating of AA-, indicating very high credit quality.

The bank's commitment to local economic development and personalized customer service distinguishes it within the Allgäu region.

Question 7

What type of financial institution is Raiffeisenbank Aitrang-Ruderatshofen?

Accepted Answer

Raiffeisenbank Aitrang-Ruderatshofen is a credit institution (Kreditinstitut) registered as a cooperative bank (eingetragene Genossenschaft, or eG) under German law. This legal form is specifically designed for member-owned financial cooperatives.

As part of the German Cooperative Financial Group, it operates as a local cooperative bank (Genossenschaftsbank) within a three-tier structure. The bank is connected to DZ Bank, the central institution that provides wholesale banking services to the cooperative network.

The bank is supervised by the German Federal Financial Supervisory Authority (BaFin) and classified as a "less significant institution" under European Banking Supervision regulations.

Raiffeisenbank Aitrang-Ruderatshofen

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About Raiffeisenbank Aitrang-Ruderatshofen in Germany

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