Question 1

What is Raiffeisenbank Floss?

Accepted Answer

Raiffeisenbank Floss is a cooperative bank (Genossenschaftsbank) based in the municipality of Floß (also spelled Floss) in the Upper Palatinate (Oberpfalz) region of Bavaria, Germany. The bank provides retail and commercial banking services to individuals, small businesses, and SMEs in this rural area near the Czech border.

With total assets of approximately EUR 133 million, it is part of the German Cooperative Financial Group (Genossenschaftliche FinanzGruppe Volksbanken Raiffeisenbanken).

Question 2

When was Raiffeisenbank Floss founded?

Accepted Answer

While the exact founding date is not publicly documented, Raiffeisenbank Floss has been operating for several decades, serving the Floß community following the cooperative banking principles established by Friedrich Wilhelm Raiffeisen in the late 19th century. The bank received its authorization from BaFin on December 4, 2013.

Like many German Raiffeisen banks, it likely originated as a small rural credit cooperative in the early 20th century to serve local farmers and craftsmen.

Question 3

Where is Raiffeisenbank Floss headquartered?

Accepted Answer

The bank is headquartered in Floß, a town in the Neustadt an der Waldnaab district of Bavaria, Germany. The main office is located at Bahnhofstraße 15, 92685 Floß, in the Upper Palatinate region near the border with the Czech Republic.

Question 4

Where does Raiffeisenbank Floss operate?

Accepted Answer

Raiffeisenbank Floss serves the Floß area and surrounding communities in the Upper Palatinate region of northeastern Bavaria. The bank operates in a predominantly rural area characterized by small towns, agriculture, and forestry, serving customers in Floß and neighboring municipalities.

Question 5

What services does Raiffeisenbank Floss offer?

Accepted Answer

The bank provides comprehensive banking services including:

Personal Banking: Current accounts (Girokonto), debit cards, credit cards from Mastercard, savings accounts, time deposit accounts (Festgeld), and pension plans.

Loans & Financing: Consumer loans via easyCredit, car loans, and mortgage loans (Baufinanzierung). The bank specializes in financing for local agricultural operations and small businesses.

Business Banking: Business accounts (Geschäftskonto), business payment cards, business loans, and payment processing solutions for local enterprises.

Digital Services: Online banking platform, mobile banking app, and telephone banking through a dedicated call center. The bank maintains modern ATM services with 24-hour access.

Investment Products: Trading accounts for securities, investment funds through the cooperative group partners, and pension savings plans.

Insurance: Insurance products through R+V Versicherung, including liability, property, life insurance, and occupational pension schemes.

Question 6

What makes Raiffeisenbank Floss unique?

Accepted Answer

As a small regional cooperative bank, Raiffeisenbank Floss maintains deep local roots in the Upper Palatinate border region, understanding the unique needs of rural communities, agricultural businesses, and small-town enterprises in an area often overlooked by larger banks.

The bank is owned by its members, who have voting rights and participate in governance. This cooperative structure ensures decision-making remains local and customer-focused rather than driven by distant shareholders.

With a Fitch rating of AA- (very high credit quality), the bank benefits from the BVR institutional protection scheme (Institutssicherung), providing comprehensive deposit protection beyond the statutory EUR 100,000 guarantee.

Despite its modest size, the bank offers access to the full resources of the Genossenschaftliche FinanzGruppe, including DZ Bank, Union Investment, Bausparkasse Schwäbisch Hall, and other specialized partners.

Question 7

What type of financial institution is Raiffeisenbank Floss?

Accepted Answer

Raiffeisenbank Floss is a Genossenschaftsbank (cooperative bank), specifically an eingetragene Genossenschaft (eG). This German legal form indicates a registered cooperative owned by its members rather than external shareholders.

It operates as a Kreditinstitut (credit institution) under German banking law, regulated by BaFin (Bundesanstalt für Finanzdienstleistungsaufsicht) and supervised by the Deutsche Bundesbank. As a universal bank (Universalbank), it provides the full range of retail and commercial banking services while maintaining a strong focus on its local Upper Palatinate market.

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About Raiffeisenbank Floss in Germany

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