Search results
Results From The WOW.Com Content Network
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
Raiffeisen usually refers to Friedrich Wilhelm Raiffeisen (1818-1888) and the cooperative endeavors he inspired in several European countries: Deutscher Genossenschafts- und Raiffeisenverband in Germany;
Banque Raiffeisen is a Luxembourgish banking and financial services company. Founded in 1926, it is one of the oldest banks in Luxembourg. The bank is independent from foreign shareholders. It is a member of the International Raiffeisen Union (IRU), which is an association of cooperatives based on the ideas of Friedrich Wilhelm Raiffeisen. [2]
Hermann Schulze-Delitzsch (1808–1883) Friedrich Wilhelm Raiffeisen (1818–1888) Wilhelm Haas (1839–1913) In 1843, the first German cooperative bank was created by 50 inhabitants of Öhringen in the Kingdom of Württemberg, who named it the Öhringer Privatspar- und Leihkasse ("private savings and lending bank of Öhringen") – it still exists as the Volksbank Hohenlohe [].
Raiffeisen stated that there is a connection between poverty and dependency. To fight poverty one should fight dependency first. Based on this idea he came up with the three 'S' formula: self-help, self-governance, and self-responsibility (in the original German: Selbsthilfe, Selbstverwaltung, and Selbstverantwortung).
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 .
CIR indicator (COST to Income Ratio; The ratio of operating costs for income) for 2020 amounted to 37.8%, the cost of risk (COR) is 1.2%. The profitability of capital (ROE) at the end of 2020 amounted to 21.7% after payment of taxes, at the end of 2020 the share of impairment loans amounted to 3.5%.
Like the participating Raiffeisen banks, Raiffeisen Switzerland is a cooperative. It coordinates the group's activities, creates the basic conditions for the business activity of the local Raiffeisen banks (such as IT, infrastructure and refinancing), and advises and supports them in all commercial matters.