Question 1

What is Raiffeisenbank Hollabrunn?

Accepted Answer

Raiffeisenbank Hollabrunn is a local cooperative bank providing retail and business banking services to individuals, professionals, and SMEs in the Weinviertel region of Lower Austria. As a member of the Austrian Raiffeisen Banking Group, it serves the district capital of Hollabrunn and surrounding communities in the northeastern wine country.

In 2023, the bank ranked as the 175th largest bank in Austria with total assets of approximately €538 million, representing a 0.05% market share. Despite challenging market conditions, the bank maintains its position as the 91st largest Raiffeisen credit cooperative in Austria, commanding a 0.15% share among Raiffeisen cooperatives.

Question 2

When was Raiffeisenbank Hollabrunn founded?

Accepted Answer

The bank's founding reflects the cooperative banking movement that spread across rural Austria in the late 19th and early 20th centuries. Established to serve the agricultural and commercial communities of the Hollabrunn district, the institution has evolved to meet the changing financial needs of the Weinviertel region.

Following the principles established by Friedrich Wilhelm Raiffeisen, the bank was created to provide accessible credit and financial services to rural populations, farmers, and small businesses who were traditionally underserved by larger urban banking institutions.

Question 3

Where is Raiffeisenbank Hollabrunn headquartered?

Accepted Answer

The bank is headquartered in Hollabrunn, a district capital in Lower Austria (Niederösterreich). Hollabrunn is located in the Weinviertel region, approximately 50 kilometers north of Vienna, in an area known for wine production and agriculture.

Question 4

Where does Raiffeisenbank Hollabrunn operate?

Accepted Answer

Raiffeisenbank Hollabrunn operates in the Hollabrunn district of Lower Austria, serving the district capital and surrounding municipalities in the Weinviertel region. This area is characterized by agricultural activity, particularly wine production, along with small businesses and service industries.

The bank maintains local branches and service points throughout its operational territory, providing personalized banking access to communities in this predominantly rural region north of Vienna.

Question 5

What services does Raiffeisenbank Hollabrunn offer?

Accepted Answer

The bank provides comprehensive retail and business banking services:

Personal Banking: Current accounts, debit cards (Bankomatkarte), credit cards, savings accounts, time deposit accounts, consumer loans, car loans, and mortgage loans for residential properties.

Business Banking: Business accounts, business payment cards, commercial loans, and financing solutions tailored for SMEs, agricultural enterprises, and wine producers in the region.

Investment Services: Trading accounts and access to securities and investment products through the Raiffeisen network and partner institutions.

Digital Banking: Online banking platforms and mobile banking through the Mein ELBA app, allowing customers to manage finances digitally. The bank supports modern payment systems within Austria's and Europe's banking infrastructure.

Question 6

What makes Raiffeisenbank Hollabrunn unique?

Accepted Answer

Weinviertel Specialization: The bank has deep expertise in serving the wine industry and agricultural sector, understanding the unique financial needs of vintners and farmers in one of Austria's most important wine-producing regions.

Member of Raiffeisen-Holding NÖ-Wien: As part of the Lower Austrian Raiffeisen network, the bank benefits from the resources and support of one of Austria's largest regional banking groups while maintaining local autonomy.

Mixed 2023 Performance: While total assets declined by 1.92% in 2023 to €538 million, the bank generated net income of approximately €85,000, demonstrating resilience despite challenging market conditions. The bank experienced a significant 31.85% reduction in its bond portfolio while maintaining relatively stable customer loans.

Cooperative Structure: Organized as an eingetragene Genossenschaft (eGen), the bank is owned by its members who participate in governance and share in the institution's performance through dividends.

Deposit Protection: Customer deposits up to €100,000 are protected through Austria's Einlagensicherung AUSTRIA Ges.m.b.H (ESA), providing security and confidence for depositors.

Question 7

What type of financial institution is Raiffeisenbank Hollabrunn?

Accepted Answer

Raiffeisenbank Hollabrunn is a Kreditinstitut (credit institution) organized as a Genossenschaftsbank (cooperative bank) under Austrian banking law. Specifically, it operates as an eingetragene Genossenschaft (eGen), which is a registered cooperative where members hold shares and exercise democratic control.

This institutional model is characteristic of Austria's regional banking sector, where Raiffeisen cooperative banks serve local communities while benefiting from the broader Raiffeisen Banking Group's institutional protection scheme, shared infrastructure, and network resources. The bank is supervised by the Austrian Financial Market Authority (FMA) and operates within the European Banking Authority's regulatory framework. It is a member of Raiffeisen-Holding NÖ-Wien, which coordinates Raiffeisen activities in Lower Austria and Vienna.

Raiffeisenbank Hollabrunn

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About Raiffeisenbank Hollabrunn in Austria

Raiffe­isenba­nk Hollabrunn