Raiffeisen Zentralbank
 |
|
 |
|
|
Native name
|
Raiffeisen Zentralbank Österreich AG |
|---|---|
| Aktiengesellschaft | |
| Industry | Finance and Insurance |
| Founded | 1927 |
| Headquarters | Vienna, Austria |
| Services | Commercial banking, investment banking, private banking, asset management |
 €236.864 million (2015) |
|
| Total assets |
 €138.426 billion (2015) |
| Total equity |
€5.388 billion (2015) |
| Owner | regional Raiffeisenlandesbanks |
|
Number of employees
|
ca. 55,400 (?) |
| Parent | Raiffeisen-Landesbanken-Holding (82.4%) |
| Subsidiaries | Raiffeisen Bank International (60.7%) |
| Website | www.rzb.at |
|
Footnotes / references in consolidated basis |
|
Raiffeisen Zentralbank Österreich AG is the central institution of the Raiffeisen Banking Group Austria (RBG) and also functions as the group centre for the entire RZB Group, of which the listed company Raiffeisen Bank International AG (RBI) with its banking network in Central and Eastern Europe (CEE) is the largest member. It has subsidiaries in, amongst others: Ukraine, Hungary, Czech Republic, Romania, Kosovo, Albania, Bulgaria, Serbia, Bosnia-Herzegovina, Croatia, and Switzerland. The largest of these subsidiaries by far is Raiffeisenbank (Russia) which accounts for 74 percent of the company's pretax profit.
The RZB Group is the third largest Austrian bank. As of end-2010, the balance sheet total of the RZB Group amounted to 136.5 billion euros. RZB has several specialised subsidiaries.
Raiffeisen Zentralbank Österreich AG is a member of Austrian Raiffeisen Association, which amongst other things functions as the interest representation association for all Austrian Raiffeisen cooperatives.
The incorporation meeting of the shareholders of the giro centre of the Austrian Raiffeisen cooperatives was held on 16 August 1927. With this, a central institution was established for the Raiffeisen Banking Group, and since then this institution has functioned as the national and international representative and coordinator for the Group. The founding took place roughly four decades after the establishment of the first Austrian savings and loan cooperative to use the system devised by Friedrich Wilhelm Raiffeisen.
The original company name was Girozentrale der österreichischen Genossenschaften. In 1939, after the German annexation of Austria, the new German owners changed the name to Genossenschaftliche Zentralbank der Ostmark Aktiengesellschaft, and then in 1942 to Genossenschaftliche Zentralbank Wien Aktiengesellschaft. From 1953 on, the new name was Genossenschaftliche Zentralbank Aktiengesellschaft, with the abbreviation GZB also being used for the company. Since 1989, the bank has been named Raiffeisen Zentralbank Österreich Aktiengesellschaft, abbreviated as RZB.
Founded primarily as a liquidity equalisation office for the Raiffeisen Banking Group, the company already in its first ten years of operation significantly expanded its business activities to include fields such as foreign exchange and currency transactions, lending, acceptance of deposits and investment in securities. Along with this, the bank's staff also increased significantly, rising to 85 employees at the end of its first decade of existence.
...
Wikipedia