Question 1

What is Raiffeisenbank Eggenburg?

Accepted Answer

Raiffeisenbank Eggenburg is a regional cooperative bank operating in Lower Austria (Niederösterreich). It provides retail and business banking services to individuals, professionals, and small to medium-sized enterprises in the Eggenburg area and surrounding communities.

As a member of the Raiffeisen Banking Group, Austria's second-largest banking group, the bank combines local decision-making with access to comprehensive financial products and services. The bank maintains a strong presence in its local community while benefiting from the stability and resources of the nationwide Raiffeisen network.

Question 2

When was Raiffeisenbank Eggenburg founded?

Accepted Answer

Raiffeisenbank Eggenburg was founded in 1891, during the rapid expansion of cooperative banking across Austria. The late 19th century saw hundreds of Raiffeisen banks being established throughout the country following the cooperative principles developed by Friedrich Wilhelm Raiffeisen.

The bank was established to provide accessible financial services to the agricultural community and local businesses in Eggenburg, which at the time lacked adequate banking infrastructure. For over 130 years, the institution has served successive generations of customers while adapting to changing economic conditions and banking technologies.

Question 3

Where is Raiffeisenbank Eggenburg headquartered?

Accepted Answer

Raiffeisenbank Eggenburg is headquartered in Eggenburg, Lower Austria. The main office is located at Hauptstraße 19, 3730 Eggenburg.

Question 4

Where does Raiffeisenbank Eggenburg operate?

Accepted Answer

Raiffeisenbank Eggenburg operates in the Eggenburg area of Lower Austria, serving the town of Eggenburg and several surrounding communities in the Horn district. The bank maintains multiple branches in the region, providing convenient access to banking services for local residents and businesses.

The bank's service area encompasses a mix of agricultural lands, small towns, and rural communities in northwestern Lower Austria, an area known for its wine production and traditional farming.

Question 5

What services does Raiffeisenbank Eggenburg offer?

Accepted Answer

Raiffeisenbank Eggenburg offers a comprehensive range of retail and business banking services, including:

Personal Banking: Current accounts, savings accounts, time deposits with competitive interest rates (offering up to 3.5% on 12-month deposits), debit cards, credit cards, consumer loans, car loans, and mortgage loans.

Business Banking: Business accounts, business payment cards, business loans, and specialized financial services for SMEs and agricultural enterprises.

Digital Services: Online banking platforms accessible via web and mobile applications, enabling customers to manage their finances 24/7. The bank has embraced modern banking technology while maintaining its commitment to personal service.

Investment & Insurance: Through the Raiffeisen network, the bank offers investment services, insurance products, and pension planning solutions.

Question 6

What makes Raiffeisenbank Eggenburg unique?

Accepted Answer

Raiffeisenbank Eggenburg distinguishes itself through its long-standing commitment to the Eggenburg community and its cooperative ownership model. As a Genossenschaft, the bank is owned by its members, who participate in governance and share in the institution's success.

With over 130 years of continuous operation, the bank has developed deep expertise in serving the region's agricultural sector and local businesses. Its competitive deposit rates demonstrate a commitment to returning value to customers and members.

The bank participates in Austria's deposit guarantee scheme (Einlagensicherung AUSTRIA), providing deposit protection up to €100,000 per customer. This membership ensures customer deposits are secure while the bank maintains its local, independent character.

Question 7

What type of financial institution is Raiffeisenbank Eggenburg?

Accepted Answer

Raiffeisenbank Eggenburg is a Genossenschaft (cooperative credit institution), a legal structure specifically designed for member-owned financial cooperatives in Austria. The full legal designation is "eingetragene Genossenschaft" (eGen), meaning a registered cooperative.

This cooperative structure emphasizes democratic governance, local ownership, and the principle of mutual self-help. Members elect representatives who oversee the bank's management, ensuring the institution serves the community's financial needs rather than maximizing profits for external shareholders. This model has proven highly successful in Austria, where Raiffeisen banks collectively form one of the country's largest banking groups.

Raiffeisenbank Eggenburg

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About Raiffeisenbank Eggenburg in Austria

Raiffe­isenba­nk Eggenburg