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Raiffeisen in Austria |
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| Raiffeisen in Austria
The Raiffeisen Banking Group Austria (RBG) forms the den-
sest branch network in the country, with 541 independent local
Raiffeisen banks, a total of 2,263 bank branches, eight regional
headquarters at federal state level and Raiffeisen Zentralbank
Österreich AG (RZB) as the top-level institution. Around 1.7 million
Austrians are members of Raiffeisen banks and consequently
co-owners. More than 40 per cent of all Austrians are customers
of a Raiffeisen bank.
As a universal banking group, Raiffeisen offers its customers a
comprehensive range of financial services. The close alliance,
which includes the specialised subsidiaries and other companies
in which RZB holds a stake, enables all Austrian Raiffeisen banks
to meet the individual requirements of each customer group and
to provide an integrated range of services "under one roof".
The local Raiffeisen banks are independent universal banks with
a consistent, customer-oriented business direction, offering a full
range of banking services. The Raiffeisen banks also own their
respective regional headquarters.
The regional headquarters, such as Raiffeisen-Landesbank Tirol
AG in Tyrol, provide liquidity settlement for the federal state and
offer additional centralised services for the Raiffeisen banks in
their particular federal state. The regional headquarters additio-
nally operate as independent universal banks and are sharehold-
ers in Raiffeisen Zentralbank Österreich AG.
Raiffeisen Zentralbank Österreich AG (RZB) is the top-level insti-
tution of the RBG. Established in 1927, it is now one of the leading
commercial and investment banks in Austria. RZB is also a lead-
ing financial services provider in Central and Eastern Europe and
is a specialist in this growth region.
The comprehensive range of financial services provided by Raiff-
eisen banks includes the services of special-purpose Raiffeisen
companies, such as the securities fund company Raiffeisen Capi-
tal Management, the insurance company Raiffeisen Versicherung,
Raiffeisen-Leasing and the building society Raiffeisen Bauspar-
kasse, which are among the market leaders in Austria.
The Raiffeisen Banking Group has more than 23,000 employees
in Austria, making it one of the largest employers.
Raiffeisen Customer Guarantee Collective
When it introduced the Raiffeisen Customer Guarantee Collec-
tive Austria, the Raiffeisen Banking Group was in the vanguard
of deposit security. The Collective was formed in 2000. In times
of globalisation and large-scale mergers, its purpose is to give
legally binding effect to principles that had been an unwritten rule
within the Group right from the start.
The Raiffeisen Customer Guarantee Collective Austria guarantees
up to 100 per cent of customer deposits in addition to Austria's
statutory deposit security. By doing so, Raiffeisen sets in stone
that for which the trademark
Giebelkreuz
, a symbol of protection,
has always stood, namely security and trust.
The Raiffeisen Customer Guarantee Collective Austria comprises
the individual customer guarantee collectives at federal state
level, all amalgamated at federal level. All these banks have
entered into a legally binding obligation based on a precisely
regulated system of distribution and exposure. Under this obliga-
tion they provide their financial reserves to guarantee customer
deposits even in the event of a bankruptcy (which has so far never
occurred), above and beyond the statutory deposit guarantee.
If the financial capacity of a customer guarantee collective at
federal state level does not cover all the protected customer
claims against an insolvent bank, the members of Raiffeisen Cus-
tomer Guarantee Collective Austria use their financial reserves to
fulfil all the customer deposits and in-house issues of the relevant
institution, up to 100 per cent. Instead of bankruptcy claims, cus-
tomers are offered valuable claims against other institutions in the
Raiffeisen Banking Group.
At present around 79 per cent of all Austrian Raiffeisen banks
belong to Raiffeisen customer guarantee collectives. As a result,
about 93 per cent of the entire customer deposits held by RBG
are guaranteed in the Raiffeisen Customer Guarantee Collective
Austria (based on 2007 annual financial statements).
Raiffeisen Banking Group Austria
Structure of the
Raiffeisen Banking Group Austria
Shareholdings in Austrian financial
institutions
Network in CEE
Foreign branch offices
and shareholdings
Special-purpose and
settlement companies
Raiffeisen Centrobank
Kathrein & Co
Raiffeisen Capital Management
Raiffeisen Factor Bank
Austrian National Bank
Kontrollbank
PayLife
Raiffeisen-Leasing
Raiffeisen Bausparkasse
card complete
UNIQA
etc.
Raiffeisen International
Network banks
Leasing International
Other subsidiaries
Branches
Representative offices
Banks
Payment and
securities settlement firms
IT companies
Property & trading firms
Private equity
etc.
1.7 million members
Raiffeisen banks: 541 Raiffeisen banks
Regional Raiffeisen banks: 8 regional headquarters, Zveza Bank