There are approximately 1600 autonomous Raiffeisengenossenschaften in Austria, zirka 570 Raiffeisen banks, 100 depot cooperatives, 15 dairies, 160 cheese factories and approximately 700 other cooperatives.

In order to be able to exist opposite the centralistic organized competitors at the market, a supraregional co-operation of the individual cooperatives is necessary, which is supported by to a large extent uniform statutes, area protection agreements, regional and totalAustrian Central Institute ions, revision mechanisms, solidarity agreements, large Corporate Identity and further mechanisms for co-operation will the market strength of the small regional cooperatives. The revision, the legal and according to tax law consultation as well as the protection of interests and consultation of the Raiffeisengenossenschaften in Austria are incumbent on the Austrian Raiffeisenverband as well as the of the individual Lands of the Federal Republic.

Since the autonomous Raiffeisen banks all together the same Logo use and majority the same products offer - similarly the principle Franchising - appear the whole of all Raiffeisen banks carry-conclusive-prove many as company.

History

The cooperative idea predominantly originated in to 19 in the century in Great Britain and Germany. World-wide there are approximately 900,000 cooperatives today in over 100 countries. One of the substantial cooperative pioneers was Friedrich William Raiffeisen. In the last decades 19. Century its ideas were taken up also in Austria. Up to the end of the century the number of the saving and credit banks working after the system of Raiffeisen had already risen to approximately 600. The first Raiffeisen bank in the area today's Austria developed 1886 in in the down-Austrian with pointed in the Wachau. In the year 1898 the Austrian Raiffeisenverband was created. In the year 1927 the central agricultural cooperative bank Austria AG developed.

Starting from approximately 1960, particularly with the increase of the mass banking transaction, a very successful business development and a continuous dynamic growth succeeded to the Austrian Raiffeisen banks. They became from a small rural competitor in the bank business an important factor of the Austrian banking. Also the other Raiffeisengenossenschaften could itself state, despite considerable structural changes within its market ranges, very well.

Also over 50.000 coworkers the Austrian Raiffeisengruppe is the largest employer of the country. The Austrian Raiffeisengenossenschaften has approximately 2 million members.

World-wide there are Raiffeisen cooperatives, which belong to the international Raiffeisen union today in 41 states. Between the Austrian and the foreign Raiffeisen cooperatives there are contacts however at present to no economic entwinements or participation.

Chronicle

• 1886: The first Austrian Raiffeisen bank is created in in Lower Austria.
• 1898: The Raiffeisenverband Austria is created.
• 1927: The Raiffeisen central bank Austria AG (RZB) is created.

Logo

The black Giebelkreuz on yellow reason is the Logo of the Austrian Raiffeisen banks. It is one of the most well-known Austrian marks. By the advertisement with successful sportsmen, like Niki Lauda, Gerhard Berger, Thomas's sample, Hermann Maier and Markus Rogan as Testimonials, the admittingness of the mark Raiffeisen one increased.

Organization

The Austrian Raiffeisen cooperatives are decentralized organized, i.e. that the substantial economical and business-political decisions take place not in a central company point, but in the individual cooperative locally. It concerns among other things the choice of the local owner representatives, the personnel policy, the condition politics, business planning, decisions over granting of credit and so on. This brings many advantages, like for example the proximity to the customer, in relation to genuine companies the good knowledge of the regional market and the strong identification of the local management with the individual genossenschaftlichen enterprise.

Structure

The Raiffeisen banks ("„Raiffeisen money group "“) are three speed organized. The first stage those represent to approximately 570 Raiffeisen banks in Austria. These are the main owners of the Raiffeisenlandesbanken (RLB), which represent the second stage. The third stage consists of the Raiffeisen central bank Austria (RZB) in Vienna, also the special enterprises as well as inland and foreign participation are subordinated to which. The substantial owners of this corporation are again the Raiffeisenlandesbanken.

Raiffeisen banks

The 570 Raiffeisen banks operate approximately 2190 Bankstellen in Austria. Over 40% the Austrian are customers with a Raiffeisen bank. The market share of this largest bankers' syndicate in Austrian property is with approximately 25%. The consolidated balance sheet total of the group of Raiffeisen banks Austria amounts to 175 billion euro (2004).

Landesbank

In each Austrian Land of the Federal Republic a Raiffeisenlandesbank exists (called in Salzburg Raiffeisenverband) , their main owner the Raiffeisen banks of the respective Land of the Federal Republic are. Exceptions are only the Lands of the Federal Republic Lower Austria and Vienna, for which a common Raiffeisenlandesbank exists, as well as where two Landesbank exist, after the Slovenian group of peoples maintains its own Landesbank with the Zveza bank as Spitzeninstitut of the Slovenian loan banks in For fiscal and contract-legal reasons in the last years most Raiffeisenlandesbanken was converted from cooperatives into corporations.

The Landesbank have numerous different participation, independently of the participation of the Raiffeisen central bank.

Raiffeisen central bank

Major item: Raiffeisen central bank

The Raiffeisen central bank (RZB) is the third biggest Austrian bank. The balance sheet total was 2004 with approximately 68 billion euro. You are the Raiffeisen special enterprises (Raiffeisen Capital management, Raiffeisen leasing uvm.) as well as in and foreign participation of many different industries subordinated. For bank activity abroad international a its own, stock exchange-noted, subsidiary company exists with Raiffeisen.

Depot cooperatives

Likewise member of the Austrian Raiffeisenverbandes are those approximately 100 depot cooperatives, which co-operate in the RWA Raiffeisen commodity Austria supraregional.

Co-operative dairies

In the last decades many regional co-operative dairies united to large dairies, like for example the mountain country milk the Tirol milk or the dairy Therefore the number of genossenschaftlichen dairies went on 15 back.

In all Lands of the Federal Republic there is a Raiffeisenverband, its most important tasks the genossenschaftliche revision, which is legal and according to tax law consultation as well as the protection of interests of all Raiffeisen cooperatives. Beyond that gives is still the Austrian Raiffeisenverband, which the revision and consultation of the Raiffeisenlandesbanken and large cooperatives are incumbent on. Its selected chairman is a general attorney of the Raiffeisen group. This function is noticed at present by Christian Konrad.

Articles in category "Raiffeisengenossenschaften in Austria"

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