Raiffeisen Bankengruppe (Austria)

Raiffeisen Bankengruppe is the larger of two groups of cooperative banks in Austria.

Structure

The c. 490 local cooperatives (Raiffeisenbanken) are organized in nine Raiffeisenlandesbanken, one for each federal state, with only Vienna and Lower Austria sharing one. Only Carinthia has two Raiffeisenlandesbanken, with the Zveza Bank serving the Slovene minority. Owned by their respective member banks, most Raiffeisenlandesbanken are cooperatives themselves, with some having recently switched to the legal status of a public company on shares. Together, they own their national umbrella institute, the Raiffeisen Zentralbank.