Question 1

What is Raiffeisenbank Region Traun-Alm?

Accepted Answer

Raiffeisenbank Region Traun-Alm is a local cooperative bank operating in Upper Austria. As part of the broader Austrian Raiffeisen Banking Group, it provides retail and business banking services to individuals, professionals, and small- and medium-sized enterprises in the Traun-Alm region.

With total assets of approximately EUR 140.61 million as of 2023, it ranks as the 350th largest bank in Austria with a market share of 0.01%. The bank is structured as an Erwerbs- und Wirtschaftsgenossenschaft (cooperative), reflecting the traditional cooperative banking model that has defined the Raiffeisen movement since its inception.

Question 2

When was Raiffeisenbank Region Traun-Alm founded?

Accepted Answer

Raiffeisenbank Region Traun-Alm was formally registered on May 6, 1994, according to Austrian company records. The bank emerged from the long tradition of local Raiffeisen cooperative banks that have served Austrian communities since the late 19th century.

The broader Raiffeisen movement in Austria began in 1886 when the first Raiffeisenkasse was established at Mühldorf near Spitz in Lower Austria. This cooperative banking model, inspired by German banker Friedrich Wilhelm Raiffeisen, spread throughout the Habsburg Monarchy to provide rural communities with access to credit and financial services.

Question 3

Where is Raiffeisenbank Region Traun-Alm headquartered?

Accepted Answer

The bank is headquartered at Marktplatz 14 in Lambach, a market town in Upper Austria. Lambach sits at the confluence of the Ager and Traun Rivers and serves as a gateway to the Salzkammergut region.

The town is well-connected by rail and road, making it easily accessible to customers throughout the region. Lambach is also known for its historic Lambach Abbey, founded in 1056.

Question 4

Where does Raiffeisenbank Region Traun-Alm operate?

Accepted Answer

The bank operates in the Traun-Alm region of Upper Austria, centered around Lambach and surrounding communities. This area is part of the broader Traunsee-Almtal tourism and economic region in the state of Oberösterreich (Upper Austria).

The bank serves local communities through its branch network and maintains close ties to the regional economy. As a member of the Raiffeisen Banking Group's institutional protection scheme, it benefits from the network of over 400 local Raiffeisen banks throughout Austria.

Question 5

What services does Raiffeisenbank Region Traun-Alm offer?

Accepted Answer

Raiffeisenbank Region Traun-Alm offers a comprehensive range of retail and business banking products:

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

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

Digital Services: Online banking systems and mobile applications that allow customers to manage their finances remotely.

The bank provides these services through physical branches and digital channels, ensuring accessibility for customers who prefer traditional or modern banking methods.

Question 6

What makes Raiffeisenbank Region Traun-Alm unique?

Accepted Answer

As a local cooperative bank, Raiffeisenbank Region Traun-Alm distinguishes itself through its community-focused approach and member-ownership structure. The bank is owned by its members rather than external shareholders, aligning its interests directly with the local community it serves.

The cooperative reported a strong return on assets of 0.99% in 2023, ranking as the 62nd most profitable bank relative to total assets in Austria. Its loans-to-deposits ratio of 104.85% demonstrates active lending to the local economy.

Deposits up to EUR 100,000 are protected through Einlagensicherung AUSTRIA Ges.m.b.H (ESA), Austria's deposit guarantee scheme, providing security for customer funds. The bank is supervised by the Austrian Financial Market Authority (FMA) and operates under the institutional protection framework of the Raiffeisen Banking Group.

Question 7

What type of financial institution is Raiffeisenbank Region Traun-Alm?

Accepted Answer

Raiffeisenbank Region Traun-Alm is a credit cooperative (Kreditgenossenschaft) organized as an Erwerbs- und Wirtschaftsgenossenschaft (commercial and economic cooperative). This legal structure is common among Austrian Raiffeisen banks and emphasizes member ownership and democratic governance.

As a credit institution under Austrian law, it is authorized to accept deposits and provide loans. The bank's national reference code is 260665, and its Bank Sort Code (Bankleitzahl) is 34083, which identifies it within Austria's domestic payment system.

The cooperative model means that customers can also become members with ownership stakes, participating in the bank's governance through elected representatives. This structure has defined Raiffeisen banks since their founding and continues to differentiate them from purely commercial banking institutions.

Question 8

What is the Raiffeisen Banking Group?

Accepted Answer

The Austrian Raiffeisen Banking Group consists of more than 400 local cooperative banks, 8 regional banks (Raiffeisenlandesbank), and the central institution Raiffeisen Bank International (RBI). The group maintains Austria's most extensive branch network with approximately 2,000 outlets serving nearly 4 million customers—almost 50% of the Austrian population.

Raiffeisenbank Region Traun-Alm is affiliated with Raiffeisenlandesbank Oberösterreich AG, the regional bank for Upper Austria. This membership provides access to broader financial resources, shared technology infrastructure, and risk-sharing mechanisms through the institutional protection scheme established in 2021.

The Raiffeisen name and gable cross symbol represent one of Austria's most recognized brands, built on principles of self-help, self-administration, and solidarity that have guided the cooperative movement since 1886.

Raiffeisenbank Region Traun-Alm

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About Raiffeisenbank Region Traun-Alm in Austria

Raiffe­isenba­nk Region Traun-Alm