Question 1

What is Raiffeisen Regionalbank Mödling?

Accepted Answer

Raiffeisen Regionalbank Mödling is a regional cooperative bank (eingetragene Genossenschaft) operating in Austria as part of the Raiffeisen Banking Group. The bank specializes in providing retail and commercial banking services to individuals, small and medium-sized enterprises (SMEs), and agricultural customers in the Mödling region of Lower Austria.

As of 2023, it ranked as the 50th largest bank in Austria with total assets of approximately €2.3 billion, representing a 0.23% market share. Within the Raiffeisen cooperative network, it holds the position as the 10th largest Raiffeisen credit cooperative in Austria, commanding a 0.65% share among Raiffeisen credit cooperatives.

Question 2

When was Raiffeisen Regionalbank Mödling founded?

Accepted Answer

The exact founding date of Raiffeisen Regionalbank Mödling is not publicly available, but the bank is part of the broader Raiffeisen cooperative movement in Austria. The first Raiffeisen bank in Austria was established in 1886 in Mühldorf near Spitz in Lower Austria, inspired by the rural cooperative banking model pioneered by German philanthropist Friedrich Wilhelm Raiffeisen.

The Raiffeisen movement in Austria grew rapidly to support farmers, craftsmen, laborers, and traders in rural communities. By 1918, more than 2,000 local Raiffeisen banks operated on Austrian territory. Raiffeisen Regionalbank Mödling emerged as a regional cooperative institution serving the Mödling area, following the traditional Raiffeisen principles of mutual support and local banking.

Question 3

Where is Raiffeisen Regionalbank Mödling headquartered?

Accepted Answer

Raiffeisen Regionalbank Mödling is headquartered in Mödling, a historic town in Lower Austria located approximately 14 kilometers south of Vienna.

Question 4

Where does Raiffeisen Regionalbank Mödling operate?

Accepted Answer

The bank operates primarily in the Mödling district and surrounding areas of Lower Austria. As a regional cooperative bank, it serves local communities through its branch network in the region. The bank is connected to the broader Raiffeisen network through the Raiffeisen Bankengruppe Niederösterreich-Wien (Lower Austria-Vienna Raiffeisen Banking Group).

Its operations are concentrated in southern Lower Austria, focusing on providing localized banking services to residents and businesses within its regional catchment area.

Question 5

What services does Raiffeisen Regionalbank Mödling offer?

Accepted Answer

Raiffeisen Regionalbank Mödling provides comprehensive banking services across retail and business banking segments:

Retail Banking Services: Current accounts, savings accounts, time deposit accounts, debit cards (Debit Mastercard), credit cards, consumer loans, car loans, and mortgage loans.

Business Banking Services: Business accounts, business payment cards, working capital loans, investment loans, and leasing services through Raiffeisen group partners.

Digital Services: Online banking and mobile banking through the Mein ELBA platform, which is the Raiffeisen group's digital banking solution. The platform supports contactless payments, digital wallets, and strong customer authentication in compliance with PSD2 regulations. Customers have access to SEPA transfers, direct debits, and domestic and international payments.

Investment Services: Securities custody accounts and access to investment funds distributed within the Raiffeisen network.

The bank's services are available through physical branches, ATMs connected to Austria's Bankomat system, and digital channels.

Question 6

What makes Raiffeisen Regionalbank Mödling unique?

Accepted Answer

Raiffeisen Regionalbank Mödling stands out as a member-owned cooperative bank (eingetragene Genossenschaft), meaning customers can become co-owners by acquiring membership shares. This cooperative structure aligns the bank's interests directly with those of its local community and customer base.

The bank demonstrates strong regional commitment, focusing on supporting local businesses, agricultural customers, and residents in the Mödling area. As part of the Raiffeisen Banking Group, it combines local decision-making and personalized service with access to the resources and digital infrastructure of Austria's second-largest banking group.

Its membership in the institutional protection scheme and deposit guarantee system of the Austrian Raiffeisen network provides additional financial stability and security. In 2023, the bank maintained a healthy loans-to-deposits ratio of 98%, indicating balanced lending and deposit-taking activities.

Question 7

What type of financial institution is Raiffeisen Regionalbank Mödling?

Accepted Answer

Raiffeisen Regionalbank Mödling is a cooperative credit institution (Kreditgenossenschaft) organized as an eingetragene Genossenschaft (registered cooperative). This legal form is typical for Raiffeisen banks in Austria and reflects the cooperative banking model where members collectively own and democratically control the institution.

As a credit institution, it is authorized and supervised by the Austrian Financial Market Authority (FMA) and operates within the regulatory framework of the Oesterreichische Nationalbank (Austrian National Bank). The bank holds authorization under the European Banking Authority's credit institution designation (CRDCREINS).

Raiffeisen Regionalbank Mödling participates in the Austrian deposit guarantee scheme Einlagensicherung AUSTRIA GmbH (ESA), protecting eligible deposits up to €100,000 per depositor. The bank is also part of the Raiffeisen group's institutional protection scheme, which provides an additional layer of financial stability through mutual support mechanisms among Raiffeisen member institutions.

Raiffeisen Regionalbank Mödling

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About Raiffeisen Regionalbank Mödling in Austria

Raiffeisen Region­albank Mödling