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Banque Raiffeisen

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Banque Raiffeisen
Company typeCooperative Bank
Founded1926
Headquarters4, rue Léon Laval, Leudelange, Luxembourg
Key people
Guy Hoffmann (Chairman of the Board of Directors) Yves Biewer (Chairman of the Management Board)
ProductsRetail, private and corporate banking; insurance; investment management
Total assets9.641 Mio EUR (2020)[1]
Number of employees
639 (2020)[1]
Websitewww.raiffeisen.lu

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]

History

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Since its creation in 1926, Raiffeisen Luxembourg has become the first independent cooperative bank in the Grand-Duchy, covering the entire national territory.

In 1970, The Luxembourg Raiffeisen network accounted 138 caisses across the country.

As of 2013, Banque Raiffeisen has about 50 sales points all over the country; 11 of them depending directly from the bank, the others belonging to the 13 Caisses Raiffeisen controlled by the bank. Banque Raiffeisen has been designated as a "less significant institution" since the entry into force of European Banking Supervision in late 2014, and as such is directly supervised by the Commission de Surveillance du Secteur Financier.[3][4]

Banque Raiffeisen has evolved from a rural union to a universal financial institution, covering retail activities but also specialising in business, private banking and wealth management.[5]

Art Contest

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In collaboration with other cooperative banks in Europe, namely Raiffeisen (Switzerland), Raiffeisen Zentralbank Austria, the German Cooperative Financial Group in Germany, Raiffeisen Südtirol in Italy, Crédit Mutuel in France and OP Financial Group in Finland. Banque Raiffeisen organizes an annual art contest for young people between 4 and 18 years. In Luxembourg, the drawing contest is called Raiffeisen Molconcours.[6]

Events

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Banque Raiffeisen organizes an annual conference on financial markets in collaboration with Vontobel.[7]

Charity

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Banque Raiffeisen supports Luxembourgish charities including: Croix-Rouge ,[8] Ligue HMC, Fondation Cancer, SOS Villages d’enfants du Monde, SOS Faim and the FLEK – Fleegeelteren an hir Kanner, Lëtzebuerg.[9]

See also

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Notes and references

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  1. ^ a b Bank Profile: Banque Raiffeisen
  2. ^ "P-Z | I. R. U." Archived from the original on 2013-11-05. Retrieved 2014-06-22.
  3. ^ "The list of significant supervised entities and the list of less significant institutions" (PDF). European Central Bank. 4 September 2014.
  4. ^ "List of supervised entities" (PDF). European Central Bank. 1 January 2023.
  5. ^ "Vontobel Cooperation Management". Archived from the original on 23 October 2013. Retrieved 15 April 2013.
  6. ^ "Molconcours". Retrieved 15 April 2013.
  7. ^ "Banque Raiffeisen – conférence sur les marchés financiers". Archived from the original on 22 May 2013. Retrieved 15 April 2013.
  8. ^ "Foyer Assurances, Banque Raiffeisen et l'Entreprise des P&T remettent un chèque à la Croix-Rouge". Retrieved 15 April 2013.
  9. ^ "Raiffeisen fait don de 25.000 euros à 5 associations caritatives". Retrieved 17 April 2013.
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Bibliography

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  • Rudolf Maxeiner, Raiffeisen: Der Mann, die idee und das Werk, Deutscher Genossenschafts-Verlag ed.,1988
  • André Bauler, Les fruits de la Souveraineté nationale, Caisse Centrale Raiffeisen, s.c. ed., ISBN 2-9599789-0-0, 2001


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