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Raiffeisenbank or Raiffeisen Bank refers to cooperative banks in Europe that are rooted in the early credit unions of Friedrich Wilhelm Raiffeisen. The name is found in: The name is found in: Raiffeisen Banking Group , Austrian group of cooperative banks
In April 2022, Pierin Vincenz and Beat Stocker, chairman of Aduno [7] – a credit card company owned by several Swiss banks, including Raiffeisen – were sentenced to 3 + 3 ⁄ 4 and 4 years of prison, and conditional fines of 280 times 3000 francs, and 160 times 3000 francs, respectively. According to the court, both Vincenz and Stocker ...
In March 2023, Raiffeisen was named an international sponsor of war by Ukraine's National Agency on Corruption Prevention. [23] In December 2023, Ukraine excluded Raiffeisen Bank from the list of war sponsors for the 12th package of EU sanctions against Russia. [citation needed] As of October 2023, Raiffeisen Bank has not left the Russian market.
Germany suspends the Nord Stream 2 project in response to Russia's recognition of the Donetsk People's Republic and the Luhansk People's Republic as independent states. (Deutsche Welle) The U.N. Security Council unanimously passes a resolution declaring that Iraq is no longer required to pay out to victims of its 1990 invasion of Kuwait.
The Raiffeisen Banking Group (German: Raiffeisen Bankengruppe, RBG) is a group of cooperative banks in Austria. The Austrian Raiffeisen banks are not consolidated under a single parent entity but are financially linked through a common institutional protection scheme and deposit guarantee scheme .
The German Cooperative Financial Group (German: Genossenschaftliche FinanzGruppe Volksbanken Raiffeisenbanken, sometimes referred to in English as "Volksbanken Raiffeisenbanken Cooperative Financial Network") is a major cooperative banking network in Germany that includes local banks named Volksbanken ("people's banks") and Raiffeisenbanken ("Raiffeisen banks"), the latter in tribute to 19th ...
At the end of 2022, Raiffeisenbank received 141 billion rubles in net profit - four times more than a year earlier (38.7 billion rubles), taking second place after Sberbank. Due to restrictions on the withdrawal of funds to unfriendly countries, the profit could not be distributed as dividends and was capitalized.
Raiffeisen branch in Bucharest. Raiffeisen Bank is a universal bank on the Romanian market, providing a complete range of products and services to private individuals, SMEs and large corporations via multiple distribution channels: banking outlets (more than 350 throughout the country), ATM and EPOS networks, phone-banking (Raiffeisen Direct) and mobile-banking (myBanking).