Raiffeisen Banking Group

Raiffeisen Banking Group is a major cooperative banking network based in Austria, founded in the 19th century by Friedrich Wilhelm Raiffeisen. It consists of numerous independent local banks that operate together to provide a range of financial services, including savings accounts, loans, and investment products. The cooperative model emphasizes member ownership and community focus, aiming to serve local needs rather than maximizing profit. Raiffeisen banks are noted for their strong commitment to responsible banking and regional development, making them important players in both the Austrian economy and the broader European banking landscape.