Raiffeisen Bank

It is an Austrian banking institution that is part of the RBG (Raiffeisen Banking Group). Its work area is mostly located in Europe. It is in the top 3 of the most important banks in the country. It offers financial, commercial, private, and investment banking services.

History

In the early 1800s, Austria was entering a new era. A law was established in 1848 that allowed the emancipation of peasants. That caused during the following years, a financial crisis in which product prices began to fall. The farms had enough debts. For that reason, Friedrich Wilhelm Raiffeisen proposed that cooperatives be established to help farmers.

Until in 1886, they decided to found the first Raiffeisen bank in Austria. It was formed by farmers, merchants, and workers of that time. Quickly, several Raiffeisen banks were established in the country. In 1898, it was decided to create an agricultural association with the name of Allgemeiner Verband landwirtschaftlicher Genossenschaften in Österreich.

In 1927, Genossenschaftliche Zentralbank was founded, and subsequently, the name was changed to Raiffeisen Zentralbank Österreich (as today). Years later, it established several offices throughout the country. That helped it to remain consolidated after the Second World War and to support all the people who had suffered losses from the war.

It was one of the first banking institutions to sponsor and advertise. It implemented one of the first ATMs in Austria in 1980. Six years later, it created its first subsidiary in Hungary. The bank supported companies in the sugar, milk, and starch industries. With the growing presence of the internet, in 1998, it launched its online banking service.

Swift Code

It is a code used to identify a banking entity during an international money transfer: RZBAATWW.

Number of Employees

This prominent Raiffeisen Bank has the participation of 47,000 employees.

Rating

The rating assesses the possible financial risks that a bank would have due to debts.

Raiffeisen Bank has a rating of:

  • S&P = BBB+.
  • Moody’s = A3.

BBB+ (S&P Global) = It means that it has a medium level, but they are in a good situation.

A3 (Moody’s) = It has medium-high quality, low credit risk, but with elements that suggest a susceptibility to long-term deterioration.

Headquarters

The headquarters of the entity is in the city of Viena, Austria.

Website

Any additional information can be found on the official website: https://www.rbinternational.com

Services

This Austrian entity offers a wide variety of products to clients and companies (national and international). It includes investment funds, leasing, export trade, cash management, fund services, credit cards, bank accounts, and investment banking.

Contact

  • Address: Am Stadtpark 9 Vienna 1030.
  • Phone Number: +43-1-71707-0.