Living for the - Raiffeisen

Working Together for Strength
As the central institution of Raiffeisen-Bankengruppe Niederösterreich-Wien
(the Raiffeisen Banking Group in Lower Austria and Vienna), Raiffeisenlandesbank
Niederösterreich-Wien (RLB NÖ-Wien) is also committed to the
cooperative identity of its owners: the Raiffeisen Banks in Lower Austria.
In economically challenging times, including 2011, the cooperative has proved
to be an ideal business model. Profit is not an end to itself but rather a benefit
for the cooperative’s many members especially the people living in the region.
2012, which is the International Year of the Cooperative, brings back into focus
Friedrich Wilhelm Raiffeisen’s core values: solidarity, subsidiarity, and
regionality. Raiffeisen in Austria lives these values the same today as it did
125 years ago. This commitment is felt by our customers, our employees and
our business partners.
Raiffeisen’s Jubilee in 2011:
The cooperative concept of the social reformer Friedrich
Wilhelm Raiffeisen (1818–1888) is as effective now as it
was when the first Austrian Raiffeisen Bank was set up in
Mühldorf near Spitz an der Donau (Lower Austria) in December
1886. Friedrich Wilhelm Raiffeisen summed up his ideas
with a simple principle: together we are stronger. This principle
has been valid in Austria´s Raiffeisen organization for 125
years.
For decades, Raiffeisen has been the backbone and engine
of the Austrian economy. The Raiffeisen Banking Group, including
RLB NÖ-Wien, as well as other cooperative enterprises
in the Raiffeisen organization have over it´s long history
become a driving force and pioneer of new market developments.
Retail Banking:
Currently, over 600 account managers are servicing
RLB NÖ-Wien’s customers at 66 branches and offices
in Vienna, including 48 retail banking branches,
seven private banking offices and six special centres for
trade and business customers. The Raiffeisen-Mitarbeiter-
Beratung (consultation) staff advisory units provide special
services at another five locations for companies belonging to
the Austrian Raiffeisen organization and their employees.
Due to its line of quality products and services, Raiffeisen
already has approximately 265,000 customers in Vienna,
holding a market share of approximately 13 percent. One in
three companies with a balance sheet of up to €5 million
is a customer, and every fifth entrepreneur in professional
services in Vienna is serviced by Raiffeisen Private Banking,
giving Raiffeisen in Vienna over 10,000 prime retail banking
customers.