Question 1

What is Raiffeisenbank "Nahe"?

Accepted Answer

Raiffeisenbank "Nahe" is a cooperative bank (eingetragene Genossenschaft) based in Fischbach bei Idar-Oberstein, Rhineland-Palatinate, Germany. As part of the German Cooperative Financial Group, the bank serves retail customers, small businesses, and agricultural enterprises in the Nahe region. With approximately €259 million in total assets as of 2024, it ranks as the 1050th largest bank in Germany and the 535th largest cooperative bank.

The institution focuses on universal banking services with particular emphasis on regional economic development and support for local SMEs.

Question 2

When was Raiffeisenbank "Nahe" founded?

Accepted Answer

Raiffeisenbank "Nahe" was founded on November 20, 1896, making it one of the historic cooperative banks in the Rhineland-Palatinate region. The bank was established following the cooperative principles of Friedrich Wilhelm Raiffeisen, who pioneered rural credit cooperatives in Germany in the mid-19th century.

Over its history, the bank has grown through several mergers with neighboring cooperative banks, including consolidations with Raiffeisenbank Niederbrombach eG (2002), Raiffeisenkasse Niederhosenbach (1988), and various other local cooperatives throughout the 1960s and 1970s.

Question 3

Where is Raiffeisenbank "Nahe" headquartered?

Accepted Answer

The bank is headquartered in Fischbach bei Idar-Oberstein, Rhineland-Palatinate, Germany, at Hauptstraße 11-13, 55743 Fischbach. This location serves as both the main administrative office and primary branch for customers.

Question 4

Where does Raiffeisenbank "Nahe" operate?

Accepted Answer

Raiffeisenbank "Nahe" operates in the northeastern part of Landkreis Birkenfeld and extends into Landkreis Kusel in Rhineland-Palatinate. The bank maintains seven branch locations throughout its service area, including offices in Fischbach (headquarters), Veitsrodt, Sien, Kappeln, Herrstein, Leisel, and Niederbrombach.

The region is characterized by rural communities and small towns in the Nahe River valley and surrounding areas.

Question 5

What services does Raiffeisenbank "Nahe" offer?

Accepted Answer

The bank provides comprehensive universal banking services, including:

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

Business Banking: Business accounts, commercial lending, and specialized services for SMEs and agricultural enterprises.

Digital Services: Online banking platforms, mobile applications (VR Banking App), and telephone banking services. The bank operates ATMs at all branch locations and participates in the nationwide cooperative banking network for cash access.

Insurance and Investments: Through partnerships with R+V Versicherung, Bausparkasse Schwäbisch Hall, Union Investment, and other cooperative group members, the bank offers insurance products, building savings plans, and investment services.

Question 6

What makes Raiffeisenbank "Nahe" unique?

Accepted Answer

As a cooperative bank, Raiffeisenbank "Nahe" is owned by its approximately 4,113 members (as of 2021), who have voting rights in the general assembly. This structure ensures that decision-making prioritizes member interests and regional development over external shareholder profit maximization.

The bank holds a Fitch credit rating of AA- (very high credit quality) with a stable outlook, reflecting its strong financial position. It is a member of the BVR Institutssicherung GmbH, Germany's cooperative banking protection scheme, which provides comprehensive deposit protection beyond the statutory €100,000 guarantee.

Raiffeisenbank "Nahe" demonstrates steady growth, with total assets increasing by 10.22% between 2023 and 2024, and customer loans growing by 14.86% during the same period. The bank employs approximately 40 staff members across its seven locations.

Question 7

What type of financial institution is Raiffeisenbank "Nahe"?

Accepted Answer

Raiffeisenbank "Nahe" is a registered cooperative (eingetragene Genossenschaft or eG) operating as a universal bank under German law. Cooperative banks in Germany, known as Volksbanken and Raiffeisenbanken, are characterized by member ownership, democratic governance, and commitment to the cooperative principles established by Friedrich Wilhelm Raiffeisen.

The bank is registered with the Amtsgericht Bad Kreuznach (cooperative register number GnR 10139) and is supervised by the German Federal Financial Supervisory Authority (BaFin). It is a member of the Bundesverband der Deutschen Volksbanken und Raiffeisenbanken (BVR) and the Genossenschaftliche FinanzGruppe Volksbanken Raiffeisenbanken, cooperating with DZ Bank as its central institution.

Raiffeisenbank "Nahe"

in Germany 🇩🇪

Crypto-Friendliness

All done!

About Raiffeisenbank "Nahe" in Germany

Raiffe­isenba­nk "Nahe"