Question 1

What is Raiffeisenbank Almtal?

Accepted Answer

Raiffeisenbank Almtal is a local cooperative credit institution (eingetragene Genossenschaft, eGen) operating in the Almtal region of Upper Austria. As part of the Austrian Raiffeisen Banking Group, one of Austria's largest banking networks, it provides comprehensive financial services to individuals, families, small businesses, and agricultural enterprises in its local community.

The bank is a member of the decentralized Raiffeisen cooperative banking structure, which consists of 342 independent local Raiffeisen banks across Austria that work together through regional wholesale banks and the central entity Raiffeisen Bank International.

Question 2

When was Raiffeisenbank Almtal founded?

Accepted Answer

Raiffeisenbank Almtal was founded on November 21, 1897. The bank was established during the early expansion of the Raiffeisen cooperative banking movement in Austria, which began in 1886 with the first Austrian Raiffeisenbank in Mühldorf near Spitz an der Donau.

The founding followed the model developed by German cooperative banking pioneer Friedrich Wilhelm Raiffeisen, designed to provide farmers, craftsmen, and rural communities with access to affordable financial services. For over 125 years, the bank has served the Almtal region, evolving from a small agricultural cooperative bank into a modern universal bank while maintaining its cooperative structure and local focus.

Question 3

Where is Raiffeisenbank Almtal headquartered?

Accepted Answer

Raiffeisenbank Almtal is headquartered in Grünau im Almtal, Upper Austria (Oberösterreich), Austria. The main office is located at Im Dorf 15, 4645 Grünau im Almtal.

Question 4

Where does Raiffeisenbank Almtal operate?

Accepted Answer

Raiffeisenbank Almtal operates primarily in the Almtal valley region of Upper Austria. The bank serves the municipalities and communities within the Almtal area, including Grünau im Almtal and surrounding localities in the Gmunden district.

As a locally-focused cooperative bank, it concentrates on providing personalized banking services to residents, businesses, and agricultural enterprises within its defined geographic service area in the Upper Austrian countryside.

Question 5

What services does Raiffeisenbank Almtal offer?

Accepted Answer

Raiffeisenbank Almtal provides a comprehensive range of universal banking services including:

Personal Banking: Current accounts, savings accounts, term deposits, personal loans, mortgage financing, and home building loans.

Business Banking: Business accounts, commercial loans, financing for small and medium-sized enterprises, agricultural financing, and payment processing services.

Card Services: Debit cards and credit cards with contactless payment capabilities (NFC technology).

Investment Services: Access to Raiffeisen investment funds and portfolio management through the Raiffeisen network.

Insurance Products: Insurance services through Raiffeisen Versicherung, the group's insurance subsidiary.

Digital Banking: Mein ELBA online banking platform, Mein ELBA-App mobile banking application with pushTAN security authentication, RaiPay mobile payment solution, and 24/7 account access through digital channels.

Additional Services: Currency exchange, foreign transfers, safe deposit boxes, payment boxes, day and night deposit safes, and advisory services.

Question 6

What makes Raiffeisenbank Almtal unique?

Accepted Answer

Raiffeisenbank Almtal distinguishes itself through its cooperative ownership structure and deep local roots. As an eingetragene Genossenschaft (registered cooperative), the bank is owned by its members rather than external shareholders, allowing it to focus on serving the genuine financial needs of its local community.

The bank combines over 125 years of local banking tradition with modern digital infrastructure. It offers comprehensive accessibility features including barrier-free access to banking facilities, accessible ATM heights, voice output functions, and contactless card recognition for customers with disabilities.

As part of the broader Raiffeisen Banking Group, Raiffeisenbank Almtal provides customers access to nationwide services and international banking capabilities while maintaining the personalized service and local decision-making characteristic of a community-based cooperative bank. The bank participates in the Österreichische Raiffeisen-Sicherungseinrichtung (ÖRS) deposit guarantee scheme, providing enhanced security for customer deposits.

Question 7

What type of financial institution is Raiffeisenbank Almtal?

Accepted Answer

Raiffeisenbank Almtal is a Kreditinstitut (credit institution) structured as a eingetragene Genossenschaft (eGen), which is a registered cooperative under Austrian law.

In the Austrian banking context, it functions as a local cooperative bank within the three-tier Raiffeisen Banking Group structure. As a Raiffeisenbank at the local level, it operates independently while being connected to Raiffeisenlandesbank Oberösterreich (the regional bank for Upper Austria) and ultimately to Raiffeisen Bank International at the national level.

This cooperative structure means the bank is owned by its members, operates according to cooperative principles, and focuses on serving the financial needs of its local community rather than maximizing profits for external shareholders. The eGen legal form provides limited liability for members while maintaining democratic governance through member voting rights.

Raiffeisenbank Almtal

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About Raiffeisenbank Almtal in Austria

Raiffe­isenba­nk Almtal