Question 1

What is Raiffeisenbank Oberes Waldviertel?

Accepted Answer

Raiffeisenbank Oberes Waldviertel is a local cooperative bank (eingetragene Genossenschaft - eGen) operating in the Upper Waldviertel region of Austria. As a member of the Austrian Raiffeisen Banking Group, it provides retail and business banking services to individuals, professionals, and small- and medium-sized enterprises.

With total assets of approximately 906.68 million EUR as of 2023, the bank ranks as the 108th largest bank in Austria and the 40th largest among Raiffeisen credit cooperatives in the country. The bank specializes in serving the financial needs of local communities in the rural Waldviertel region of Lower Austria.

Question 2

When was Raiffeisenbank Oberes Waldviertel founded?

Accepted Answer

Raiffeisenbank Oberes Waldviertel was founded on September 10, 1893 (officially registered under this legal form date). The bank was established during the period when the Raiffeisen cooperative banking movement was expanding across the Habsburg Monarchy. This movement, initiated by Friedrich Wilhelm Raiffeisen in Germany, had spread to Austria in 1886 with the first Raiffeisenkasse opening in Mühldorf.

The bank was created to serve the agricultural communities, farmers, craftsmen, laborers, and traders in the Upper Waldviertel region. Over more than 130 years, it has evolved from a primarily agricultural credit cooperative into a full-service regional bank serving the broader financial needs of its local communities.

Question 3

Where is Raiffeisenbank Oberes Waldviertel headquartered?

Accepted Answer

Raiffeisenbank Oberes Waldviertel is headquartered in Schrems, Austria. The main office is located at Hauptplatz 22, 3943 Schrems, in the district of Gmünd in Lower Austria (Niederösterreich).

Question 4

Where does Raiffeisenbank Oberes Waldviertel operate?

Accepted Answer

The bank operates throughout the Upper Waldviertel (Oberes Waldviertel) region of Lower Austria. This includes multiple locations serving communities in the northern part of the Waldviertel, a rural and forested region near the Austrian-Czech border.

The bank maintains several branch locations including Schrems (headquarters), Heidenreichstein, Groß-Siegharts, and other communities in the Gmünd district. These branches serve the local population across small towns and villages in this primarily rural region of Austria.

Question 5

What services does Raiffeisenbank Oberes Waldviertel offer?

Accepted Answer

Raiffeisenbank Oberes Waldviertel provides comprehensive retail and business banking services:

Retail Banking: Current accounts (Girokonten), savings accounts, time deposit accounts, youth and student accounts, debit cards, credit cards, consumer loans, car loans, and mortgage loans.

Business Banking: Business accounts, business payment cards, business loans, and commercial financing solutions for SMEs and professionals.

Wealth Management & Investments: Trading accounts, securities services, investment products, and financial advisory services.

Insurance Services: Various insurance solutions in partnership with Raiffeisen Versicherung.

Digital Services: Online banking platform, mobile banking application, and digital account opening. The bank offers modern digital banking features while maintaining its strong local branch presence for personalized customer service.

The bank also participates in the Raiffeisen Mein Bonus loyalty program, providing cashback rewards for credit card usage.

Question 6

What makes Raiffeisenbank Oberes Waldviertel unique?

Accepted Answer

Raiffeisenbank Oberes Waldviertel distinguishes itself through its deep-rooted local presence in the Upper Waldviertel region. As a cooperative bank (Genossenschaft), it operates on the principle of member ownership, where customers can become member-owners of the institution.

The bank combines traditional relationship banking with modern digital capabilities. Its local decision-making authority allows for personalized service and understanding of regional economic conditions. The bank actively supports local communities, businesses, and agricultural enterprises in the rural Waldviertel region.

As a member of the Austrian Raiffeisen Banking Group, it provides customers with access to the resources and product range of Austria's second-largest banking group while maintaining its independent cooperative structure and local focus. Deposits are protected up to 100,000 EUR per depositor through the Österreichische Raiffeisen-Sicherungseinrichtung (ÖRS) deposit guarantee scheme.

Question 7

What type of financial institution is Raiffeisenbank Oberes Waldviertel?

Accepted Answer

Raiffeisenbank Oberes Waldviertel is a Kreditinstitut (credit institution) operating as a Genossenschaftsbank (cooperative bank) under Austrian law. More specifically, it is a Raiffeisen credit cooperative (Raiffeisen-Kreditgenossenschaft).

In Austria, cooperative banks are member-owned financial institutions organized under the cooperative legal form (eingetragene Genossenschaft - eGen). They operate on democratic principles where members have voting rights regardless of their share size. The bank is regulated by the Austrian Financial Market Authority (FMA) and participates in the Raiffeisen Banking Group's institutional protection scheme.

This cooperative structure emphasizes long-term stability, local accountability, and service to members and the broader community rather than profit maximization for external shareholders.

Raiffeisenbank Oberes Waldviertel

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About Raiffeisenbank Oberes Waldviertel in Austria

Raiffe­isenba­nk Oberes Waldviertel