Question 1

What is Raiffeisenbank Region St. Pölten?

Accepted Answer

Raiffeisenbank Region St. Pölten is a regional cooperative bank (eingetragene Genossenschaft) headquartered in St. Pölten, Austria. As a member of the Austrian Raiffeisen Banking Group, the largest banking group in Austria, it operates as a universal bank providing comprehensive financial services to individuals, professionals, and small- and medium-sized enterprises in the St. Pölten region.

As of 2023, the bank ranks as the 54th largest bank in Austria by total assets, holding approximately EUR 2.05 billion in assets with a market share of 0.21%. It is the 14th largest Raiffeisen credit cooperative in Austria, commanding 0.58% of the Raiffeisen cooperative sector.

Question 2

When was Raiffeisenbank Region St. Pölten founded?

Accepted Answer

The bank traces its roots to 1853 when a Landwirtschaftlicher Bezirksverein (Agricultural District Association) was established in the St. Pölten region, organized on the principle of charity to support local farmers and craftsmen. The institution formally evolved into a Raiffeisen cooperative bank in 1892, following the cooperative banking movement initiated by Friedrich Wilhelm Raiffeisen.

The bank has remained deeply rooted in its regional community throughout its history, maintaining its focus on serving local customers while adapting to modern banking needs.

Question 3

Where is Raiffeisenbank Region St. Pölten headquartered?

Accepted Answer

The bank is headquartered in St. Pölten, the capital city of Lower Austria (Niederösterreich). Its main office is located at Julius Raab-Promenade 37, 3100 St. Pölten, Austria.

Question 4

Where does Raiffeisenbank Region St. Pölten operate?

Accepted Answer

Raiffeisenbank Region St. Pölten operates exclusively within the St. Pölten region of Lower Austria. The bank maintains multiple branch locations throughout the region to provide localized banking services to residents and businesses.

As a regional cooperative bank, it focuses on serving the local community in and around St. Pölten, offering personalized financial advice and maintaining strong ties to regional economic development.

Question 5

What services does Raiffeisenbank Region St. Pölten offer?

Accepted Answer

The bank offers a comprehensive range of retail and business banking products and services, including:

Personal Banking: Current accounts (Gehaltskonto), student and youth accounts, savings accounts, time deposits, debit cards (Visa), credit cards, consumer loans, car loans, and mortgage loans.

Business Banking: Business accounts, business payment cards, business loans, and leasing solutions for SMEs.

Investment Services: Trading accounts, investment products, securities trading, and wealth management advisory services tailored to individual investment strategies.

Insurance Products: Comprehensive insurance solutions for personal and family protection.

Digital Banking: Online banking platform, mobile banking application, and the Raiffeisen Shop for digital product offerings. Customers can open accounts online, manage transactions digitally, and access services through mobile apps with Apple Pay and Google Pay integration.

The bank also offers the "Raiffeisen Mein Bonus" loyalty program, which rewards customers for using multiple Raiffeisen products and credit cards, providing cash bonuses at year-end.

Question 6

What makes Raiffeisenbank Region St. Pölten unique?

Accepted Answer

Cooperative Structure: As a registered cooperative (eGen), the bank operates on democratic principles with member ownership, prioritizing community benefit over pure profit maximization. This structure emphasizes security, stability, and eigeninitiative in community.

Regional Commitment: The bank maintains 100% regional ownership and decision-making, ensuring that local customer needs drive its strategy. It actively supports environmental protection, species conservation, and regional community initiatives.

Hybrid Banking Model: The bank combines traditional personalized advisory services at local branches with comprehensive digital banking capabilities, offering customers the choice between face-to-face consultations and fully digital self-service.

Deposit Protection: Customer deposits are protected up to EUR 100,000 per depositor through the Österreichische Raiffeisen-Einlagensicherung eGen (ÖRS), the dedicated Raiffeisen deposit guarantee scheme established in 2021.

Financial Performance: In 2023, the bank demonstrated strong growth with total assets increasing by 9.78%, customer deposits growing by 10.33%, and loans to customers expanding by 7.56%.

Question 7

What type of financial institution is Raiffeisenbank Region St. Pölten?

Accepted Answer

Raiffeisenbank Region St. Pölten is a Kreditinstitut (credit institution) classified specifically as a Raiffeisenbank or cooperative credit bank under Austrian banking law. In Austria, Raiffeisen banks are cooperative financial institutions organized as eingetragene Genossenschaft (eGen), which translates to registered cooperative.

This institutional type is characterized by member ownership, democratic governance, and a focus on serving local communities rather than maximizing shareholder returns. The bank operates as part of the decentralized Raiffeisen Banking Group structure, maintaining independence while benefiting from the group's institutional protection scheme and shared infrastructure.

As a universal bank (Universalbank), it provides the full spectrum of banking services typical of Austrian credit institutions, from basic deposit and loan products to sophisticated investment and insurance offerings.

Raiffeisenbank Region St. Pölten

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About Raiffeisenbank Region St. Pölten in Austria

Raiffe­isenba­nk Region St. Pölten