Question 1

What is Raiffeisen Scena?

Accepted Answer

Raiffeisen Scena (officially Cassa Raiffeisen di Scena Società Cooperativa, or Raiffeisenkasse Schenna Genossenschaft in German) is a local cooperative credit institution operating in the South Tyrol region of northern Italy. As one of 39 autonomous Raiffeisen cooperative banks in the province, it serves the bilingual community of Scena (Schenna) and surrounding areas near the spa city of Merano.

The bank is a member-owned, mutual organization focused on providing comprehensive banking and financial services to local residents and businesses. It operates within the South Tyrolean Raiffeisen Group's institutional protection scheme, which was established in 2019.

Question 2

When was Raiffeisen Scena founded?

Accepted Answer

The Raiffeisen banking movement in South Tyrol traces its roots to 1889, when the first constituent bank was founded in Val Badia under Austrian law. The South Tyrolean Raiffeisen organization was disrupted when the region became part of Italy after World War I.

On June 14, 1973, the Raiffeisen Landesbank Südtirol was re-established as the central financial organization for the local Raiffeisen cooperative banks. Individual Raiffeisen banks like the one in Scena were established as autonomous local cooperatives to serve their specific communities, following the cooperative banking principles developed by Friedrich Wilhelm Raiffeisen.

Question 3

Where is Raiffeisen Scena headquartered?

Accepted Answer

The bank is headquartered in Scena-Schenna, a picturesque municipality located in the province of South Tyrol (Alto Adige), Italy. Scena sits on a sunny plateau approximately 570 meters above sea level, about 4 kilometers northeast of the spa town of Merano and roughly 25 kilometers northwest of Bolzano.

Question 4

Where does Raiffeisen Scena operate?

Accepted Answer

Raiffeisen Scena operates primarily in the municipality of Scena and its surrounding villages, including Verdins (Verdines), St. Georgen (San Giorgio), Tall (Talle), and Schennaberg (Montescena). The bank serves the local communities on the sunny slopes overlooking Merano in the bilingual South Tyrol region.

As a member of the South Tyrolean Raiffeisen Group, the bank also benefits from the cooperative network's broader infrastructure and services throughout the province.

Question 5

What services does Raiffeisen Scena offer?

Accepted Answer

Raiffeisen Scena provides a comprehensive range of banking and financial services to its cooperative members and local customers, including:

Retail Banking: Current accounts (kontos), savings accounts, payment cards (both debit and credit), and everyday banking transactions.

Lending Services: Personal loans, mortgages, and credit facilities for individuals and businesses.

Insurance and Pension Services: Health insurance, life insurance, and retirement planning products through partnerships with insurance providers.

Investment Services: Investment funds, pension funds, and wealth management services for planning future financial needs.

Digital Banking: Online banking platforms and the Raiffeisen mobile app for convenient account management, transfers, and banking services accessible 24/7.

The bank emphasizes personalized service to its local community while leveraging the technological infrastructure of the broader Raiffeisen Group.

Question 6

What makes Raiffeisen Scena unique?

Accepted Answer

Local Cooperative Structure: As a cooperative bank, Raiffeisen Scena is owned and controlled by its members, who have a democratic say in the bank's operations and decision-making processes. This member-centric model prioritizes the community's economic well-being over profit maximization.

Bilingual Service: Operating in the bilingual South Tyrol region, the bank serves customers in both German and Italian, reflecting the unique cultural heritage of the area.

Community Focus: The bank has deep roots in the local community of Scena, a scenic tourist destination known for Schenna Castle and its 300+ sunny days per year. This allows for personalized banking relationships built on local knowledge and trust.

Institutional Protection: As part of the South Tyrolean Raiffeisen Group's institutional protection scheme (approved in 2020), deposits are safeguarded through both the Italian Deposit Guarantee Scheme and the cooperative network's mutual support system.

Question 7

What type of financial institution is Raiffeisen Scena?

Accepted Answer

Raiffeisen Scena is classified as a Cooperative Credit Institution (Cassa Rurale/Raiffeisenkasse) under Italian banking regulations. Specifically, it holds the designation of CRDCREINS (Credit Institution) according to the European Banking Authority.

As a cooperative bank, it operates under the principle of mutuality, where members are simultaneously owners and customers. This distinguishes it from commercial banks in Italy, as it prioritizes serving its members' financial needs and supporting local economic development over maximizing shareholder returns. The bank is supervised by the Bank of Italy and participates in Italy's Deposit Guarantee Fund (Fondo di Garanzia dei Depositanti), which protects deposits up to €100,000 per depositor.

Question 8

How does Raiffeisen Scena serve the tourism sector?

Accepted Answer

Given Scena's prominence as one of South Tyrol's leading tourist destinations—with over one million overnight stays annually—Raiffeisen Scena plays an important role in supporting the local tourism economy. The bank provides specialized financial services to hotels, guesthouses, holiday apartments, and farm holiday operations.

These services include business financing for tourism infrastructure improvements, working capital loans for seasonal operations, and payment processing solutions for the hospitality sector. The bank's understanding of the seasonal nature of tourism in the region allows it to offer tailored financial products that align with the cash flow patterns of tourism-related businesses.

Question 9

What is Raiffeisen Scena's financial position?

Accepted Answer

According to available data from 2023, Raiffeisen Scena held total assets of approximately €179.71 million, making it the 298th largest bank in Italy with a market share of 0.01%. In 2023, the bank reported a net income of €1.92 million, achieving a return on assets of 1.01%.

The bank employed 16 staff members as of 2023 and maintained a loans-to-deposits ratio of 120%, indicating active lending to the local community. These figures reflect the bank's boutique scale and focused mission of serving the Scena community rather than pursuing aggressive growth or expansion beyond its traditional service area.

Raiffeisen Scena

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About Raiffeisen Scena in Italy