Question 1

What is Raiffeisenbank Süd-Weststeiermark?

Accepted Answer

Raiffeisenbank Süd-Weststeiermark is a local cooperative bank serving the South-West Styria region of Austria. As a member of the Raiffeisen Banking Group Austria, it operates as an independent regional Raiffeisenbank (eingetragene Genossenschaft - eGen) providing retail and business banking services to individuals, professionals, and small to medium-sized enterprises in its local market area.

In 2023, the bank held total assets of approximately 373.67 million EUR, ranking it as the 244th largest bank in Austria with a market share of 0.04%. It is the 148th largest Raiffeisen credit cooperative in Austria, commanding a 0.11% share among Raiffeisen credit cooperatives.

Question 2

When was Raiffeisenbank Süd-Weststeiermark founded?

Accepted Answer

Raiffeisenbank Süd-Weststeiermark was founded on May 25, 1929. The bank was established during the interwar period as part of the broader Raiffeisen cooperative movement that had spread throughout Austria since the late 19th century.

The Raiffeisen movement, initiated by German reformer Friedrich Wilhelm Raiffeisen, reached the Austrian region of Styria in 1886 when the first Darlehenskasse (loan association) was established in the Lower Styria region. By 1927, the Styrian Raiffeisen banks had organized themselves into regional structures, and Raiffeisenbank Süd-Weststeiermark was established two years later to serve the rural communities of South-West Styria.

Question 3

Where is Raiffeisenbank Süd-Weststeiermark headquartered?

Accepted Answer

The bank is headquartered in Wies (Stmk.), a market town in the Deutschlandsberg district of Styria, Austria. The main office is located at Oberer Markt 9, 8551 Wies.

Question 4

Where does Raiffeisenbank Süd-Weststeiermark operate?

Accepted Answer

Raiffeisenbank Süd-Weststeiermark operates in the South-West Styria (Süd-Weststeiermark) region of Austria. This area is located in the southern part of the federal state of Styria, encompassing the Deutschlandsberg district and surrounding communities.

The bank serves local communities in this rural and semi-rural region, which is characterized by agriculture, small businesses, and local industry. As part of the Raiffeisen Banking Group Steiermark, the bank benefits from the network coordination provided by Raiffeisen-Landesbank Steiermark AG, the regional central institution based in Graz.

Question 5

What services does Raiffeisenbank Süd-Weststeiermark offer?

Accepted Answer

Raiffeisenbank Süd-Weststeiermark provides a comprehensive range of retail and business banking services, including:

Personal Banking: Current accounts, debit cards, credit cards, savings accounts, time deposit accounts, consumer loans, car loans, and mortgage loans.

Business Banking: Business accounts, business payment cards, business loans, and commercial financing solutions for small and medium-sized enterprises.

Digital Services: Online banking system and mobile application for convenient access to banking services.

Investment Services: Trading accounts and investment products through the Raiffeisen network.

Deposits up to 100,000 EUR are covered by the Austrian deposit guarantee scheme operated by Österreichische Raiffeisen-Sicherungseinrichtung eGen (ÖRS), which became operational in November 2021.

Question 6

What makes Raiffeisenbank Süd-Weststeiermark unique?

Accepted Answer

Raiffeisenbank Süd-Weststeiermark embodies the cooperative banking model that emphasizes local community service and member ownership. As a registered cooperative (eGen), the bank is owned by its members rather than external shareholders, aligning its interests with the local community it serves.

The bank benefits from its membership in the Raiffeisen Banking Group Austria, providing access to sophisticated banking infrastructure, IT systems, and product development while maintaining its independent decision-making and deep local market knowledge. This combination of local autonomy and network support enables the bank to serve the specific needs of South-West Styria's rural economy, including agriculture, tourism, and small business sectors.

With nearly a century of service since 1929, the bank has maintained strong relationships within its community and offers personalized service through its branch network and digital channels.

Question 7

What type of financial institution is Raiffeisenbank Süd-Weststeiermark?

Accepted Answer

Raiffeisenbank Süd-Weststeiermark is a Cooperative Credit Institution (Raiffeisen-Kreditgenossenschaft). In Austrian banking terminology, it operates as an eingetragene Genossenschaft (eGen), which is a registered cooperative.

As a cooperative bank, it is member-owned and operates according to cooperative principles of democratic control, member economic participation, and concern for community. The bank is regulated as a credit institution (CRDCREINS) under European Banking Authority standards and is supervised by the Austrian Financial Market Authority (Finanzmarktaufsicht - FMA).

The bank is part of Austria's three-tier Raiffeisen structure: local Raiffeisenbanks at the base, Raiffeisenlandesbanks at the regional level, and Raiffeisen Bank International at the national/international level.

Raiffeisenbank Süd-Weststeiermark

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About Raiffeisenbank Süd-Weststeiermark in Austria

Raiffe­isenba­nk Süd-We­ststei­ermark