Question 1

What is Raiffeisenbank Salzburger Seenland?

Accepted Answer

Raiffeisenbank Salzburger Seenland is a regional cooperative bank (Genossenschaftsbank) based in Austria. It serves the Salzburger Seenland region, providing retail and business banking services to individuals, professionals, and small and medium-sized enterprises (SMEs). As a member of the Austrian Raiffeisen Banking Group, it operates under the cooperative principles of self-help, self-management, and self-responsibility.

With total assets of approximately €492 million as of 2023, it ranks as one of the smaller Raiffeisen cooperative banks in Austria. The bank focuses on serving its local community with personalized financial solutions.

Question 2

When was Raiffeisenbank Salzburger Seenland founded?

Accepted Answer

The bank's origins trace back to the early cooperative banking movement in Austria, which began in 1886. The specific entity was formed through mergers of various local Raiffeisen cooperatives in the Salzburg region over the decades.

The current Raiffeisenbank Salzburger Seenland eGen was established through the consolidation of several predecessor cooperative banks that served communities around the Salzburg lakes region. The bank is registered under company number 70019w in Austria.

Question 3

Where is Raiffeisenbank Salzburger Seenland headquartered?

Accepted Answer

The bank is headquartered in Seekirchen am Wallersee, a market town in the Salzburg-Umgebung district of the state of Salzburg, Austria. Seekirchen is situated in the scenic Salzburger Seenland (Salzburg Lake District), approximately 20 kilometers northeast of the city of Salzburg.

Question 4

Where does Raiffeisenbank Salzburger Seenland operate?

Accepted Answer

Raiffeisenbank Salzburger Seenland primarily operates in the Salzburger Seenland region of the state of Salzburg, Austria. This includes communities around the lakes north of Salzburg city, such as Seekirchen am Wallersee and surrounding municipalities.

The bank serves rural and semi-urban areas in the northern Salzburg region, maintaining strong ties to the local agricultural and tourism sectors that characterize the lake district.

Question 5

What services does Raiffeisenbank Salzburger Seenland offer?

Accepted Answer

The bank offers a comprehensive range of retail banking services including current accounts, savings accounts, time deposits, debit cards, and credit cards. For lending, customers can access consumer loans, car loans, and mortgage loans.

For business clients, the bank provides business accounts, business payment cards, and commercial loans tailored to SMEs. Investment services include trading accounts and access to investment products through Union Investment.

Digital banking is available through online banking platforms and mobile applications. The bank also offers access to insurance products through R+V Versicherung and building society savings through Bausparkasse Schwäbisch Hall as part of the Raiffeisen cooperative network.

Question 6

What makes Raiffeisenbank Salzburger Seenland unique?

Accepted Answer

As a cooperative bank, Raiffeisenbank Salzburger Seenland is owned by its members rather than external shareholders. This cooperative structure means profits are reinvested back into the community and used to benefit members directly.

The bank maintains strong regional roots and focuses on supporting the local economy, particularly small businesses, agriculture, and the tourism industry in the lake district. Its personalized approach and local decision-making distinguish it from larger national banks.

It participates in Austria's Einlagensicherung AUSTRIA (ESA) deposit guarantee scheme, protecting deposits up to €100,000 per depositor.

Question 7

What type of financial institution is Raiffeisenbank Salzburger Seenland?

Accepted Answer

Raiffeisenbank Salzburger Seenland is a registered cooperative (eingetragene Genossenschaft or eGen), which is a specific legal form for cooperative enterprises in Austria. As a Raiffeisen credit cooperative, it operates as a mutual financial institution owned by its members.

In the Austrian banking system, such institutions are classified as Raiffeisen credit cooperatives (Raiffeisen-Kreditgenossenschaften). They are part of the three-pillar banking system in Austria, alongside commercial banks and savings banks, with the cooperative sector being the largest by number of institutions.

Raiffeisenbank Salzburger Seenland

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About Raiffeisenbank Salzburger Seenland in Austria

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