Question 1

What is Raiffeisen Going?

Accepted Answer

Raiffeisen Going is a local cooperative bank (eingetragene Genossenschaft) serving the municipality of Going am Wilden Kaiser in Tyrol, Austria. Operating under the full legal name RaiffeisenBank Going eGen, it is part of the Austrian Raiffeisen Banking Group and provides retail and business banking services to individuals, professionals, and small to medium-sized enterprises (SMEs). With approximately €122 million in total assets as of 2023, the bank ranks as the 361st largest bank in Austria.

The institution focuses on serving the local community in the scenic Going am Wilden Kaiser area, a region known for tourism and mountain landscapes.

Question 2

When was Raiffeisen Going founded?

Accepted Answer

Raiffeisen Going received its authorization from Austrian financial authorities on December 9, 2013. While this represents its current regulatory authorization date, the bank's cooperative roots connect to the broader Raiffeisen movement that began in Austria in 1886 with the establishment of the first Raiffeisenbank in Mühldorf, near Spitz an der Donau.

The Raiffeisen cooperative model was founded on the principles of self-help, self-management, and self-responsibility, designed to provide accessible banking services to rural and agricultural communities.

Question 3

Where is Raiffeisen Going headquartered?

Accepted Answer

The bank is headquartered in Going am Wilden Kaiser, Tyrol, Austria, at Dorfstraße 23, 6353 Going am Wilden Kaiser. This location serves as both the administrative center and the primary branch for customer services.

Question 4

Where does Raiffeisen Going operate?

Accepted Answer

Raiffeisen Going operates exclusively in the municipality of Going am Wilden Kaiser, located in the Kitzbühel district of Tyrol. The bank serves the local community at its main branch location on Dorfstraße.

Going am Wilden Kaiser is a tourist destination situated at the foot of the Wilder Kaiser mountain range, attracting visitors year-round for skiing, hiking, and mountain activities. The bank serves both residents and businesses in this alpine community.

Question 5

What services does Raiffeisen Going offer?

Accepted Answer

The bank provides comprehensive banking services tailored to local needs:

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

Business Banking: Business accounts, business payment cards, commercial loans, and cash management services designed for local SMEs, tourism operators, and agricultural enterprises.

Digital Services: Online banking platforms and mobile applications enabling 24/7 account access, fund transfers, and transaction management. ATM services are available at the branch and through the broader Raiffeisen network.

Investment and Insurance: Through partnerships within the Raiffeisen cooperative group, the bank offers investment advisory services, pension planning, and insurance products to help customers achieve financial security.

Question 6

What makes Raiffeisen Going unique?

Accepted Answer

As a cooperative bank, Raiffeisen Going is owned by its members, who exercise democratic control through the general assembly. This member-ownership structure ensures that the bank prioritizes local community interests and member welfare over external shareholder profit maximization.

The bank demonstrated steady growth in 2023, with total assets increasing by 3.47% to €122 million. It achieved a return on assets of 0.22% with net income of €264,224, ranking as the 154th most profitable bank in Austria relative to assets. The institution maintains a healthy loans-to-deposits ratio of 104.96%, reflecting active support for local economic development.

Deposits are protected up to €100,000 per depositor through Austria's Einlagensicherung AUSTRIA Ges.m.b.H (ESA) deposit guarantee scheme. The bank also participates in the Raiffeisen Banking Group's institutional protection scheme, providing additional security layers for customers.

The bank's deep roots in Going am Wilden Kaiser create strong personal relationships between bank staff and customers, enabling tailored financial solutions based on intimate knowledge of local economic conditions and individual needs.

Question 7

What type of financial institution is Raiffeisen Going?

Accepted Answer

Raiffeisen Going is a registered cooperative credit institution (eingetragene Genossenschaft or eGen) under Austrian law. Austrian cooperative banks are characterized by member ownership, democratic governance based on one-member-one-vote principles, and a commitment to promoting member economic welfare rather than maximizing external shareholder returns.

The bank is registered under company number 40576x in the Austrian commercial register (Firmenbuch) and operates as a universal bank providing comprehensive retail and commercial banking services. It is supervised by the Austrian Financial Market Authority (FMA) and the Oesterreichische Nationalbank (OeNB), and functions as an independent member of the Raiffeisen Bankengruppe Austria, cooperating with regional and national Raiffeisen institutions.

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About Raiffeisen Going in Austria