Question 1

What is Raiffeisenbank München-Nord?

Accepted Answer

Raiffeisenbank München-Nord is a German cooperative bank (Genossenschaftsbank) headquartered in Unterschleißheim, Bavaria. As a member-owned financial institution, it operates as a universal bank serving the northern Munich metropolitan area with a focus on retail and business banking. With approximately 27,339 customers and 8,920 members, the bank maintains a total balance sheet of 955 million euros as of December 2024.

The bank is part of the Bundesverband der Deutschen Volksbanken und Raiffeisenbanken (BVR), Germany's national association of cooperative banks, and operates within the cooperative banking network.

Question 2

When was Raiffeisenbank München-Nord founded?

Accepted Answer

The roots of Raiffeisenbank München-Nord trace back to 1894, when the original cooperative was founded based on the principles established by Friedrich Wilhelm Raiffeisen. The modern institution was formed through a series of mergers.

In 1971, Raiffeisenbank München-Feldmoching merged with Raiffeisenbank Garching bei München. In 1998, Raiffeisenbank Haimhausen and Raiffeisenbank Unterschleißheim-Lohhof merged to form Raiffeisenbank Unterschleißheim-Haimhausen. The current Raiffeisenbank München-Nord was established in 2003 through the fusion of Raiffeisenbank München-Feldmoching with Raiffeisenbank Unterschleißheim-Haimhausen.

This consolidation reflects the bank's growth strategy to better serve the northern Munich region while maintaining its cooperative principles of self-help, self-responsibility, and self-governance.

Question 3

Where is Raiffeisenbank München-Nord headquartered?

Accepted Answer

Raiffeisenbank München-Nord is headquartered in Unterschleißheim, Bavaria, Germany. The main office is located at Bezirksstraße 46, 85716 Unterschleißheim, in the Munich district (Landkreis München).

Question 4

Where does Raiffeisenbank München-Nord operate?

Accepted Answer

Raiffeisenbank München-Nord operates in the northern Munich metropolitan area, spanning three districts: the north of Landkreis München, the southwest of Landkreis Freising, and the east of Landkreis Dachau.

The bank maintains 10 branch locations across the following communities:
• Unterschleißheim (main branch plus 3 self-service locations and Rathausplatz branch)
• Munich city districts: Feldmoching, Harthof, Lerchenau, Allach, Fasanerie, and Moosach
• Haimhausen
• Günzenhausen
• Unterbruck

This extensive branch network ensures local presence and personal service throughout its operating region.

Question 5

What services does Raiffeisenbank München-Nord offer?

Accepted Answer

Raiffeisenbank München-Nord provides comprehensive universal banking services including:

Retail Banking: Current accounts, savings accounts, time deposits, debit cards (girocard), credit cards, consumer loans, auto financing, and mortgage lending.

Business Banking: Commercial accounts, business loans, financing solutions for small and medium-sized enterprises (SMEs), and treasury services.

Wealth Management & Investments: Securities trading, investment funds through Union Investment, pension plans, and depot management.

Insurance Products: Insurance solutions through R+V Versicherung, covering property, liability, life insurance, and other coverage options.

Building Finance: Home loans and construction financing through Bausparkasse Schwäbisch Hall.

Digital Banking Services: The bank offers the VR Banking App for iOS and Android with features including mobile payments via Wero (instant account-to-account transfers), photo-based bill payments, multi-bank account management, biometric authentication (fingerprint/Face ID), secure messaging through an e-postbox, real estate valuation tools, CO₂ footprint tracking on transactions, and prepaid mobile top-ups. Security is ensured through the VR SecureGo plus App for transaction authorization.

Additional Services: Safe deposit boxes, online banking platforms, night deposit facilities, and ATM network access through the BankCard ServiceNetz.

Question 6

What makes Raiffeisenbank München-Nord unique?

Accepted Answer

Cooperative Ownership Structure: As a registered cooperative (eG), the bank is owned by its 8,920 members who have equal voting rights regardless of their shareholding. Members participate through a representative assembly (Vertreterversammlung) that elects the supervisory board and decides on profit distribution.

Strong Regional Commitment: The bank demonstrates exceptional community engagement, contributing 140,000 euros in 2024 through donations (38,000 euros), sponsorships (72,000 euros), and foundation support (30,000 euros). It actively supports local sports clubs, schools, kindergartens, churches, fire departments, and cultural institutions.

Local Decision-Making: Operating independently within the cooperative network, the bank maintains local decision-making authority while benefiting from partnerships with national cooperative institutions including DZ Bank (central institution), Teambank, VR Smart Finanz, and DZ Hyp.

Comprehensive Deposit Protection: Beyond the statutory 100,000 euro EU deposit guarantee, the bank participates in the BVR Institutssicherung GmbH (BVR-ISG), providing additional voluntary protection through the cooperative sector's institutional protection scheme.

Stability and Ratings: Raiffeisenbank München-Nord holds an AA- credit rating from Fitch, indicating very high credit quality. The bank employs 92 staff members including 8 apprentices.

Question 7

What type of financial institution is Raiffeisenbank München-Nord?

Accepted Answer

Raiffeisenbank München-Nord is a Genossenschaftsbank (cooperative bank), which is a distinct category of credit institution under German banking law. It is registered in the cooperative register (Genossenschaftsregister) at the Munich Local Court under GnR 394.

As a cooperative bank, it operates according to the Genossenschaftsgesetz (German Cooperative Act) and follows the founding principles of Friedrich Wilhelm Raiffeisen: self-help (Selbsthilfe), self-responsibility (Selbstverantwortung), and self-governance (Selbstverwaltung). The bank's legal structure includes three governing bodies: the executive board (Vorstand), the supervisory board (Aufsichtsrat), and the representative assembly (Vertreterversammlung).

Cooperative banks in Germany form one of the three pillars of the German banking system, alongside private commercial banks and public savings banks (Sparkassen). They are characterized by regional focus, member ownership, and commitment to local economic development.

Question 8

What is the bank's authorization and regulatory status?

Accepted Answer

Raiffeisenbank München-Nord is authorized as a credit institution under European Banking Authority (EBA) regulations. The bank received its authorization on May 5, 2015, with authorization date recorded in the EBA register.

It is supervised by BaFin (Bundesanstalt für Finanzdienstleistungsaufsicht), Germany's Federal Financial Supervisory Authority, under the national reference code 102416. The bank operates with the BIC/SWIFT code GENODEF1M08 and bank code (Bankleitzahl) 70169465.

Question 9

How does Raiffeisenbank München-Nord support youth development?

Accepted Answer

The bank actively promotes youth engagement through the Jugend creativ international art competition, recognized in the Guinness Book of Records as the world's largest creative competition of its kind. Launched annually each October, the competition invites children and young people to submit drawings, paintings, collages, mixed-media works, photographs, or short films based on a yearly theme. Participants compete for prizes while developing creative skills and community connections.

This initiative reflects the cooperative sector's commitment to supporting future generations and strengthening social capital in local communities.

Raiffeisenbank München-Nord

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About Raiffeisenbank München-Nord in Germany

Raiffe­isenba­nk Münche­n-Nord