Question 1

What is Raiffeisenbank Region Grieskirchen?

Accepted Answer

Raiffeisenbank Region Grieskirchen is a regional cooperative bank (eingetragene Genossenschaft - eGen) serving the Grieskirchen district in Upper Austria. As a member of the Austrian Raiffeisen Banking Group, it provides comprehensive retail and commercial banking services to individuals, businesses, and agricultural enterprises throughout the Grieskirchen region. With total assets of approximately €840 million as of 2023, the bank ranks as the 119th largest bank in Austria and the 48th largest Raiffeisen cooperative bank, making it a substantial regional financial institution with significant local economic influence.

Question 2

When was Raiffeisenbank Region Grieskirchen founded?

Accepted Answer

While the specific founding date is not publicly documented, Raiffeisenbank Region Grieskirchen received its current regulatory authorization from the Austrian Financial Market Authority (FMA) on September 10, 2014. The bank's regional designation suggests it was likely formed through consolidation of multiple smaller local Raiffeisen cooperatives in the Grieskirchen area, reflecting the strategic merger trend among Austrian Raiffeisen banks during the 2010s to achieve operational efficiency and enhanced service capabilities.

The institution is part of Austria's broader Raiffeisen cooperative movement that traces its origins to 1886, when the first Raiffeisenkasse was established at Mühldorf near Spitz in Lower Austria. These cooperative banks were founded to provide accessible financial services to rural communities, farmers, craftsmen, and small businesses based on principles of mutual support, self-help, and democratic governance developed by Friedrich Wilhelm Raiffeisen.

Question 3

Where is Raiffeisenbank Region Grieskirchen headquartered?

Accepted Answer

The bank is headquartered in Grieskirchen, Upper Austria, a market town in the Innviertel region of Upper Austria.

Question 4

Where does Raiffeisenbank Region Grieskirchen operate?

Accepted Answer

Raiffeisenbank Region Grieskirchen operates throughout the Grieskirchen district (Bezirk Grieskirchen) in Upper Austria, serving communities across this predominantly agricultural and small-town region. The bank maintains multiple branch locations including a banking office in Wallern an der Trattnach (Marktplatz 6), which features ATMs, bank statement printers, and night safe facilities.

Branch locations provide both full-service banking with personal consultation and self-service facilities for routine transactions. The bank offers personal advisory appointments Monday through Friday from 8:00 AM to 8:00 PM, and Saturdays from 8:00 AM to 12:00 PM, demonstrating commitment to customer accessibility.

Through membership in the Raiffeisen Banking Group and its relationship with Raiffeisenlandesbank Oberösterreich AG, customers can access services at Raiffeisen branches throughout Upper Austria and across Austria, as well as utilize the extensive network of ATMs nationwide.

Question 5

What services does Raiffeisenbank Region Grieskirchen offer?

Accepted Answer

As a universal cooperative bank, Raiffeisenbank Region Grieskirchen provides comprehensive financial services:

Retail Banking: Current accounts (Girokonto), savings accounts, time deposits, debit and credit cards, consumer loans, auto financing, and residential mortgage lending. The bank serves private individuals with standard banking products designed for everyday financial needs.

Business Banking: Business accounts, business payment cards, commercial loans, and financing solutions for small and medium-sized enterprises. The bank has particular expertise in serving agricultural operations, rural businesses, and local entrepreneurs characteristic of the Grieskirchen region's economy.

Digital Banking: Mein ELBA online banking platform and mobile applications enabling customers to manage accounts, execute transfers, pay bills, and access banking services remotely 24/7. The digital infrastructure is supported by the broader Raiffeisen network's technology investments.

Investment Services: Trading accounts, investment advisory services, access to Raiffeisen investment funds, and portfolio management solutions for wealth accumulation and retirement planning.

Branch Banking: Full-service locations with modern facilities including ATMs, account statement printers, night safes for after-hours deposits, and consultation rooms for personal financial discussions. The bank emphasizes accessible, personal service with extended appointment hours.

Insurance and Specialized Products: Access to insurance products through affiliated Raiffeisen Group companies, leasing services, and real estate services to provide comprehensive financial solutions beyond traditional banking.

Question 6

What makes Raiffeisenbank Region Grieskirchen unique?

Accepted Answer

Substantial Regional Presence: With €839.53 million in total assets, Raiffeisenbank Region Grieskirchen is significantly larger than many Austrian cooperative banks, ranking in the top 50 among Raiffeisen institutions. This size provides resources and capabilities while maintaining personal service and local decision-making.

Strong Financial Performance: The bank reported net income of €798,814 in 2023, demonstrating healthy profitability and financial stability. This solid earnings performance strengthens the institution's capital position and supports continued investment in services and regional economic development.

Growth Trajectory: Unlike many banks that experienced declining assets in recent years, Raiffeisenbank Region Grieskirchen achieved 2.47% asset growth in 2023, indicating successful customer acquisition, lending expansion, and competitive positioning in its market.

Cooperative Member Ownership: As an eingetragene Genossenschaft (eGen), the bank is owned by its member-customers who hold cooperative shares, ensuring decisions prioritize member interests and community prosperity rather than external shareholder returns. All profits remain within the cooperative to strengthen the institution.

Extended Service Hours: The bank offers personal consultation by appointment until 8:00 PM on weekdays and Saturday morning hours, providing flexibility that accommodates working customers' schedules better than traditional banking hours.

Network Advantages: While maintaining independence and local decision-making authority, the bank benefits from Raiffeisenlandesbank Oberösterreich membership, accessing sophisticated banking technology, institutional protection schemes, and comprehensive product offerings typically available only through much larger institutions.

Question 7

What type of financial institution is Raiffeisenbank Region Grieskirchen?

Accepted Answer

Raiffeisenbank Region Grieskirchen is a Genossenschaftsbank (cooperative bank) organized as an eingetragene Genossenschaft (eGen), meaning registered cooperative. This legal structure is fundamental to Austrian Raiffeisen banks and distinguishes them from joint-stock banks (Aktiengesellschaft) or savings institutions (Sparkasse).

In the Austrian banking system, cooperative banks are characterized by democratic member ownership, regional focus, and commitment to serving local communities rather than maximizing returns for distant shareholders. Members who hold cooperative shares (Geschäftsanteile) can participate in governance through general assemblies, where significant decisions are made collectively according to cooperative principles.

The bank is regulated as a CRD Credit Institution (CRDCREINS) under European Union banking directives and supervised by the Austrian Financial Market Authority (FMA). It participates in the Österreichische Raiffeisen-Einlagensicherung (Austrian Raiffeisen Deposit Guarantee Scheme), which protects customer deposits up to €100,000 per depositor.

As one of over 60 Raiffeisen cooperative banks in Upper Austria, Raiffeisenbank Region Grieskirchen is part of the collective ownership structure of Raiffeisenlandesbank Oberösterreich AG, which serves as the regional central institution. The provincial Landesbanken in turn participate in ownership of Raiffeisen Bank International, creating a networked cooperative structure that combines local autonomy with national scale.

Question 8

How does Raiffeisenbank Region Grieskirchen compare to other banks?

Accepted Answer

Raiffeisenbank Region Grieskirchen ranks as the 119th largest bank in Austria with a 0.08% market share based on total assets. Among Raiffeisen cooperative banks specifically, it ranks 48th, placing it in the upper tier of regional Raiffeisen institutions. This positioning indicates the bank is substantially larger than typical village or small-town Raiffeisen banks, yet maintains the personal service and local decision-making characteristic of cooperative banking. The bank's €839.53 million in assets and consistent profitability demonstrate it has achieved sufficient scale to offer sophisticated financial services while remaining deeply connected to the Grieskirchen region's economic and community needs.

Raiffeisenbank Region Grieskirchen

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About Raiffeisenbank Region Grieskirchen in Austria

Raiffe­isenba­nk Region Griesk­irchen