Raiffeisen banks

Raiffeisen banks are cooperative financial institutions that operate on the principle of mutual aid, owned and managed by their members. Originating from the efforts of Friedrich Wilhelm Raiffeisen in the 19th century, these banks focus on supporting local communities by offering banking services such as savings accounts, loans, and payment services. They aim to serve their members' needs rather than maximize profits, often emphasizing local development, financial inclusion, and sustainability. Operating across several European countries, Raiffeisen banks are known for their stability, community focus, and collaborative approach to banking.