Question 1

What is Raiffeisenbank Ennstal?

Accepted Answer

Raiffeisenbank Ennstal is a regional cooperative bank (eingetragene Genossenschaft) headquartered in Ternberg, in the Steyr-Land district of Upper Austria (Oberösterreich). As an independent member of the Raiffeisen Banking Group Austria, it provides comprehensive retail and commercial banking services to individuals, businesses, and agricultural clients in the Ennstal valley region.

The bank was founded in 1920 and operates as a locally-focused financial institution serving the communities along the Enns River valley. It maintains membership in the Raiffeisen cooperative network while preserving operational independence and local decision-making authority.

Question 2

When was Raiffeisenbank Ennstal founded?

Accepted Answer

Raiffeisenbank Ennstal was founded in 1920, during the post-World War I period when Austria's cooperative banking sector was reorganizing following the collapse of the Austro-Hungarian Monarchy. The bank is registered in the Austrian company register (Firmenbuch) under number 121230f.

The establishment of Raiffeisenbank Ennstal occurred during a significant period for Austrian cooperative banking. Following World War I, the remaining cooperatives in the newly formed Austrian Republic reorganized to overcome post-war economic challenges. By 1927, the Genossenschaftliche Zentralbank (later renamed Raiffeisen Zentralbank Österreich) was established as the cooperative central bank, providing coordination and support for local Raiffeisen banks like Raiffeisenbank Ennstal.

Question 3

Where is Raiffeisenbank Ennstal headquartered?

Accepted Answer

The bank is headquartered at Kirchenplatz 11 in 4452 Ternberg, in the Steyr-Land district of Upper Austria (Oberösterreich), Austria. Ternberg is a municipality located in the Enns valley, approximately 15 kilometers southeast of Steyr.

Question 4

Where does Raiffeisenbank Ennstal operate?

Accepted Answer

Raiffeisenbank Ennstal operates in the Ennstal valley region of Upper Austria, focusing on Ternberg and surrounding communities within the Steyr-Land district. The bank serves a predominantly rural and semi-rural area characterized by forestry, manufacturing, tourism, and small-scale agriculture.

The Enns River valley, which gives the region its name, has historically been an important transportation and industrial corridor connecting Upper Austria with Styria. The bank serves both residential customers and local businesses in this economically diverse region.

Question 5

What services does Raiffeisenbank Ennstal offer?

Accepted Answer

Raiffeisenbank Ennstal provides a comprehensive range of banking services including:

Retail Banking:
• Current accounts (Girokonten) and payment services
• Savings accounts and time deposits
• Debit cards and credit cards
• Consumer loans and personal financing
• Residential mortgage lending

Business Banking:
• Business current accounts and cash management
• Commercial lending and credit lines
• Payment processing for businesses
• Financing for small and medium-sized enterprises (SMEs)
• Agricultural financing

Investment Services:
• Investment products through Raiffeisen Capital Management
• Securities trading and portfolio management
• Retirement planning and pension products

Insurance Products:
• Life, property, and liability insurance through Raiffeisen group insurance partners
• Business insurance solutions

Real Estate Services:
• Mortgage financing for residential and commercial properties
• Real estate advisory services
• Construction financing

Digital Banking:
• Online banking platform (Raiffeisen ELBA)
• Mobile banking app
• 24/7 account access and digital payment services

The bank's services are accessible through its branch office in Ternberg, online banking platforms, mobile applications, and the broader Raiffeisen ATM network across Austria.

Question 6

What makes Raiffeisenbank Ennstal unique?

Accepted Answer

Regional Valley Focus: The bank specializes in serving the Ennstal valley communities, providing deep understanding of the region's mix of forestry, manufacturing, tourism, and traditional agriculture sectors.

Over 100 Years of Local Service: With more than 100 years of continuous operation since 1920, the bank has served multiple generations of families and businesses, building enduring relationships and institutional knowledge.

Cooperative Ownership: As an eingetragene Genossenschaft (eGen), the bank is owned by its members who participate in governance and benefit from the institution's success through dividends and enhanced services.

Raiffeisen Network Benefits: While maintaining local independence, the bank provides access to products and services from Raiffeisen Landesbank Oberösterreich and other specialized entities within Austria's second-largest banking group.

Deposit Protection: Customers benefit from Austria's statutory deposit guarantee scheme (Einlagensicherung Austria - ESA), protecting deposits up to €100,000 per depositor, plus additional institutional protection through the Raiffeisen group's mutual support mechanisms.

Local Economic Support: The bank plays an active role in supporting regional economic development, providing financing for local businesses, infrastructure projects, and community initiatives.

Question 7

What type of financial institution is Raiffeisenbank Ennstal?

Accepted Answer

Raiffeisenbank Ennstal is classified as a Kreditinstitut (credit institution) organized as an eingetragene Genossenschaft (eGen), which is a registered cooperative under Austrian law. This legal form is the standard structure for local Raiffeisen banks in Austria.

The bank operates under the supervision of the Austrian Financial Market Authority (Finanzmarktaufsicht - FMA) and the Oesterreichische Nationalbank (OeNB), Austria's central bank. As a licensed credit institution, it is authorized to conduct banking business including accepting deposits, providing loans, and offering payment services.

Raiffeisenbank Ennstal is a member of the Raiffeisen Banking Group Austria, specifically affiliated with Raiffeisen Landesbank Oberösterreich AG, the regional wholesale bank for Upper Austrian Raiffeisen banks. The Austrian Raiffeisen banks are not consolidated under a single parent entity but are financially linked through a common institutional protection scheme and deposit guarantee scheme.

The cooperative (Genossenschaft) structure distinguishes Raiffeisenbank Ennstal from joint-stock banks (Aktiengesellschaften) through member ownership, democratic governance (one member, one vote), and focus on serving member interests rather than maximizing shareholder returns. Members elect representatives who oversee bank management and participate in strategic decisions through the cooperative's governance bodies.

Question 8

How does deposit protection work for Raiffeisenbank Ennstal customers?

Accepted Answer

Raiffeisenbank Ennstal participates in Austria's statutory deposit guarantee scheme administered by Einlagensicherung Austria Ges.m.b.H (ESA). This scheme provides the following protection:

Coverage Amount: Up to €100,000 per depositor, per bank, in accordance with EU Deposit Guarantee Scheme Directive requirements.

Covered Accounts: Current accounts, savings accounts, time deposits, and other deposit products held by both individuals and legal entities (businesses).

Eligible Depositors: All Austrian and foreign depositors, both natural persons and legal entities.

Additionally, as a member of the Raiffeisen Banking Group, the bank benefits from the Österreichische Raiffeisen-Sicherungseinrichtung eGen (ÖRS), the Raiffeisen institutional protection scheme established in November 2021. This scheme provides preventive support to member institutions before potential insolvency, adding an additional layer of security beyond the statutory deposit guarantee.

Under Austrian law, the three deposit guarantee schemes (Raiffeisen, uniform ESA, and Sparkassen) can be called upon to support each other if any individual scheme is depleted, with the Austrian state providing backstop support if all three schemes are exhausted.

Question 9

What is the bank's connection to Raiffeisen Landesbank Oberösterreich?

Accepted Answer

Raiffeisenbank Ennstal is affiliated with Raiffeisen Landesbank Oberösterreich AG (RLB OÖ), the regional wholesale bank for Upper Austrian Raiffeisen cooperative banks. This relationship provides several benefits:
• Access to wholesale banking services and liquidity management
• Participation in shared technology platforms and digital banking infrastructure
• Product development and specialized financial services
• Risk management and institutional support
• Connection to international banking services through RLB OÖ's network

Despite this affiliation, Raiffeisenbank Ennstal maintains operational independence, local decision-making authority, and separate legal identity as an independent cooperative institution.

Raiffeisenbank Ennstal

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About Raiffeisenbank Ennstal in Austria

Raiffe­isenba­nk Ennstal