Question 1

What is Raiffeisenbank Alberschwende?

Accepted Answer

Raiffeisenbank Alberschwende is a local cooperative bank operating in Austria as part of the broader Raiffeisen Banking Group. As of 2023, it ranks as the 351st largest bank in Austria with total assets of approximately 140.46 million EUR, representing a 0.01% market share.

The bank is structured as an eingetragene Genossenschaft (eGen), meaning a registered cooperative, which reflects the traditional Raiffeisen model of member-owned financial institutions. It provides retail and business banking services primarily to individuals, professionals, and small- to medium-sized enterprises (SMEs) in its local community.

Question 2

When was Raiffeisenbank Alberschwende founded?

Accepted Answer

Raiffeisenbank Alberschwende was founded in 1894, making it one of the early participants in the Raiffeisen cooperative banking movement in Austria. The first Raiffeisen bank in Austria had been established in 1886 in Mühldorf, near Spitz an der Donau, and the movement quickly spread throughout the Habsburg Monarchy.

By the time Austria became a republic in 1918, more than 2,000 local Raiffeisen banks existed on Austrian territory. Raiffeisenbank Alberschwende emerged during this period of rapid cooperative banking expansion, serving the agricultural and rural communities of the Vorarlberg region.

Question 3

Where is Raiffeisenbank Alberschwende headquartered?

Accepted Answer

Raiffeisenbank Alberschwende is headquartered in Alberschwende, a municipality in the district of Bregenz in the western Austrian state of Vorarlberg. The bank's address is Hof 18, 6861 Alberschwende.

Question 4

Where does Raiffeisenbank Alberschwende operate?

Accepted Answer

Raiffeisenbank Alberschwende operates primarily in Alberschwende and the surrounding areas of the Bregenz district in Vorarlberg, Austria. As a local cooperative bank, it focuses on serving the financial needs of the communities within its immediate geographic area.

The bank maintains local branch operations and provides services through physical locations as well as digital channels. Its operational focus remains deeply rooted in the local community of Alberschwende and neighboring municipalities in the Vorarlberg region.

Question 5

What services does Raiffeisenbank Alberschwende offer?

Accepted Answer

Raiffeisenbank Alberschwende provides a comprehensive range of retail banking and business banking services. For individual customers, the bank offers:
• Current accounts and savings accounts
• Time deposit accounts
• Debit cards and credit cards
• Consumer loans, car loans, and mortgage loans
• Trading accounts

For business customers, the bank provides:
• Business accounts
• Business payment cards
• Business loans tailored to SMEs

Digital services include online banking systems and mobile application access, allowing customers to manage their finances remotely. The bank combines traditional branch-based services with modern digital banking platforms to meet the evolving needs of its customer base.

Question 6

What makes Raiffeisenbank Alberschwende unique?

Accepted Answer

Raiffeisenbank Alberschwende stands out for its deep local roots and cooperative ownership structure. Founded in 1894, it has served the Alberschwende community for over 130 years, maintaining a strong commitment to local economic development.

As a cooperative bank (eGen), it operates on member ownership principles, meaning customers can become member-owners with voting rights in the institution's governance. This structure aligns the bank's interests directly with those of the local community it serves.

The bank is part of the Austrian Raiffeisen Banking Group, which provides institutional protection and access to a broader network while maintaining local autonomy. In 2023, the bank demonstrated consistent profitability with a 0.15% return on assets and maintained a healthy loans-to-deposits ratio of 105.65%.

Question 7

What type of financial institution is Raiffeisenbank Alberschwende?

Accepted Answer

Raiffeisenbank Alberschwende is a credit institution (CRDCREINS) classified as a Raiffeisen credit cooperative (eingetragene Genossenschaft or eGen in German). This is a specifically Austrian and German cooperative banking model based on the principles established by Friedrich Wilhelm Raiffeisen in the 19th century.

In the Austrian banking system's three-tier structure—comprising joint-stock banks, savings banks (Sparkassen), and cooperative banks—Raiffeisenbank Alberschwende belongs to the cooperative banking sector. It operates as an independent local institution while participating in the nationwide Raiffeisen Banking Group's institutional protection scheme and deposit guarantee arrangements.

The bank is supervised by the Austrian Financial Market Authority (FMA) and participates in the Einlagensicherung Austria Ges.m.b.H (ESA) deposit guarantee scheme, which protects customer deposits up to 100,000 EUR per depositor. Its company registration number is FN 63097s, and it holds the Bank Sort Code (Bankleitzahl) 37401.

Question 8

What is Raiffeisenbank Alberschwende's BIC/SWIFT code?

Accepted Answer

Raiffeisenbank Alberschwende's BIC (Bank Identifier Code), also known as the SWIFT code, is RVVGAT2B401. This code is used for international financial transactions, including cross-border and SEPA payments.

The BIC structure breaks down as follows:
• RVVG: Bank code
• AT: Country code (Austria)
• 2B: Location code
• 401: Branch code

This identifier is essential for customers and businesses conducting international wire transfers or European payment transactions with the bank.

Raiffeisenbank Alberschwende

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About Raiffeisenbank Alberschwende in Austria

Raiffe­isenba­nk Albers­chwende