Question 1

What is Raiffeisenbank Draßmarkt-Kobersdorf-St. Martin?

Accepted Answer

Raiffeisenbank Draßmarkt-Kobersdorf-St. Martin is a regional cooperative bank operating in Burgenland, Austria's easternmost state. It provides comprehensive retail and business banking services to individuals, professionals, and small to medium-sized enterprises in the Draßmarkt, Kobersdorf, and St. Martin areas.

As a member of the Raiffeisen Banking Group, Austria's second-largest banking group, the bank combines local expertise with access to nationwide financial resources. With total assets of approximately €214 million as of 2023, it represents a well-established regional institution serving the central Burgenland area.

Question 2

When was Raiffeisenbank Draßmarkt-Kobersdorf-St. Martin founded?

Accepted Answer

While the exact founding date of the original institution is not publicly documented, Raiffeisenbank Draßmarkt-Kobersdorf-St. Martin emerged from the cooperative banking movement that spread across Austria in the late 19th and early 20th centuries. The bank received its authorization from Austrian financial authorities on November 19, 2014, as recorded in the EBA register.

The bank's current form reflects mergers between Raiffeisen banks in the three municipalities of Draßmarkt, Kobersdorf, and St. Martin, creating a unified institution serving this region of central Burgenland. This consolidation strategy is common among Austrian Raiffeisen banks, strengthening financial capacity while maintaining local service.

Question 3

Where is Raiffeisenbank Draßmarkt-Kobersdorf-St. Martin headquartered?

Accepted Answer

Raiffeisenbank Draßmarkt-Kobersdorf-St. Martin is headquartered in Draßmarkt, Burgenland. The main office is located at Hauptstraße 29, 7372 Draßmarkt.

Question 4

Where does Raiffeisenbank Draßmarkt-Kobersdorf-St. Martin operate?

Accepted Answer

Raiffeisenbank Draßmarkt-Kobersdorf-St. Martin operates in central Burgenland, specifically serving the municipalities of Draßmarkt, Kobersdorf, and St. Martin. The bank maintains branch locations in both Draßmarkt and Kobersdorf (Hauptstraße 50, 7332 Kobersdorf).

The service area encompasses a predominantly rural region in the Oberpullendorf district, characterized by agriculture, small-scale industry, and residential communities. The region is part of Austria's historic Burgenland, which was incorporated into Austria after World War I.

Question 5

What services does Raiffeisenbank Draßmarkt-Kobersdorf-St. Martin offer?

Accepted Answer

Raiffeisenbank Draßmarkt-Kobersdorf-St. Martin offers a comprehensive range of retail and business banking services, including:

Personal Banking: Current accounts, savings accounts, time deposits, debit cards, credit cards, consumer loans, car loans, and mortgage loans tailored to individual needs. The bank also provides specialized housing advisory services (Wohnberatung).

Business Banking: Business accounts, business payment cards, business loans, and specialized financial services for SMEs, agricultural enterprises, and self-employed professionals. The bank has deep expertise in serving the region's farming community.

Digital Services: Online banking platforms and mobile banking applications providing 24/7 access to accounts and banking services. The bank's ATMs feature barrier-free access, voice output for visually impaired customers, and contactless NFC technology.

Additional Services: Foreign exchange services, investment products through the Raiffeisen network, insurance solutions, pension planning, and mobile phone card recharge facilities. The bank also maintains safe deposit boxes and night deposit facilities.

Question 6

What makes Raiffeisenbank Draßmarkt-Kobersdorf-St. Martin unique?

Accepted Answer

Raiffeisenbank Draßmarkt-Kobersdorf-St. Martin distinguishes itself through exceptional financial performance and community focus. In 2023, the bank achieved an impressive 1.20% return on assets, ranking it among the most profitable regional banks in Austria.

Despite a slight decline in total assets (-2.04% in 2023), the bank's net income surged by 88.68%, demonstrating strong operational efficiency and effective management. This performance occurred while maintaining healthy loan-to-deposit ratios and strong customer relationships.

As a cooperative owned by its members, the bank operates under democratic principles where local customers have a voice in governance. This structure ensures the institution remains focused on serving community needs rather than external shareholder demands.

The bank participates in Austria's deposit guarantee scheme (Einlagensicherung AUSTRIA), providing deposit protection up to €100,000 per customer, ensuring security for customer deposits.

Question 7

What type of financial institution is Raiffeisenbank Draßmarkt-Kobersdorf-St. Martin?

Accepted Answer

Raiffeisenbank Draßmarkt-Kobersdorf-St. Martin is a Genossenschaft (cooperative credit institution), specifically an "eingetragene Genossenschaft" (eGen), which is the standard legal form for member-owned financial cooperatives in Austria.

As a cooperative, the bank is owned by its members who elect representatives to oversee management and strategic direction. This structure emphasizes local ownership, democratic control, and the cooperative principle of mutual self-help. The Genossenschaft model has proven highly successful in Austria, where Raiffeisen banks collectively form one of the nation's largest and most stable banking groups.

Raiffeisenbank Draßmarkt-Kobersdorf-St. Martin

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About Raiffeisenbank Draßmarkt-Kobersdorf-St. Martin in Austria

Raiffe­isenba­nk Draßma­rkt-Ko­bersdo­rf-St. Martin