|
Raiffeisen Bankengruppe (Austria)
Raiffeisen Bankengruppe is the larger of two groups of cooperative banks in Austria (another one was Austrian Volksbanks). Structure The roughly 490 local cooperatives (''Raiffeisenbanken'') are organized in nine ''Raiffeisen-landesbanken'', one for each federal state, with only Vienna and Lower Austria sharing one. Only Carinthia has two ''Raiffeisenlandesbanken'', with the ''Zveza Bank'' serving the Slovene minority. Owned by their respective member banks, most ''Raiffeisenlandesbanken'' are cooperatives themselves (regGenmbH), with some having recently switched to the legal status of Aktiengesellschaft. Together, they own their national umbrella institute, the Raiffeisen Bank International, via a shareholders' agreement. * Raiffeisenlandesbank Niederösterreich-Wien AG * Raiffeisenlandesbank Oberösterreich AG, * Raiffeisen-Landesbank Steiermark AG * Raiffeisenlandesbank Burgenland regGenmbH * Raiffeisenlandesbank Kärnten - regGenmbH * Zveza Bank, r.z.z o.j. Bank und Revisi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cooperative Bank
Cooperative banking is retail and commercial banking organized on a cooperative basis. Cooperative banking institutions take deposits and lend money in most parts of the world. Cooperative banking, as discussed here, includes retail banking carried out by credit unions, mutual savings banks, building societies and cooperatives, as well as commercial banking services provided by mutual organizations (such as cooperative federations) to cooperative businesses. A 2013 report by ILO concluded that cooperative banks outperformed their competitors during the financial crisis of 2007–2008. The cooperative banking sector had 20% market share of the European banking sector, but accounted for only 7% of all the write-downs and losses between the third quarter of 2007 and first quarter of 2011. Cooperative banks were also over-represented in lending to small and medium-sized businesses in all of the 10 countries included in the report. Credit unions in the US had five times lower fail ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shareholders' Agreement
A shareholders' agreement (sometimes referred to in the U.S. as a stockholders' agreement) (SHA) is an agreement amongst the shareholders or members of a company. In practical effect, it is analogous to a partnership agreement. It can be said that some jurisdictions fail to give a proper definition to the concept of shareholders' agreement, however particular consequences of this agreements are defined so far. There are advantages of the shareholder's agreement; to be specific, it helps the corporate entity to maintain the absence of publicity and keep the confidentiality. Nonetheless, there are also some disadvantages that should be considered, such as the limited effect to the third parties (especially assignees and share purchasers) and alternation of the stipulated articles can be time consuming. Purpose In strict legal theory, the relationships amongst the shareholders and those between the shareholders and the company are regulated by the constitutional documents of the com ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cooperative Banks Of Austria
A cooperative (also known as co-operative, co-op, or coop) is "an autonomous association of persons united voluntarily to meet their common economic, social and cultural needs and aspirations through a jointly owned and democratically-controlled enterprise".Statement on the Cooperative Identity. ''.'' Cooperatives are democratically controlled by their members, with each member having one vote in electing the board of directors. Cooperatives may include: * businesses owned and managed by the people who consume th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
German Cooperative Financial Group
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-century cooperative movement pioneer Friedrich Wilhelm Raiffeisen. The Cooperative Group represents one of the three "pillars" of Germany's banking sector, the other two being, respectively, the of public banks, and the commercial banking sector represented by the Association of German Banks. The Bundesverband der Deutschen Volksbanken und Raiffeisenbanken (BVR) is the nationwide representative body of the Cooperative Financial Group. It operates under the Deutscher Genossenschafts- und Raiffeisenverband, the umbrella organization of the German cooperative movement. History Founders' e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Credit Union
A credit union, a type of financial institution similar to a commercial bank, is a member-owned nonprofit financial cooperative. Credit unions generally provide services to members similar to retail banks, including deposit accounts, provision of credit, and other financial services. In several African countries, credit unions are commonly referred to as SACCOs (Savings and Credit Co-Operative Societies). Worldwide, credit union systems vary significantly in their total assets and average institution asset size, ranging from volunteer operations with a handful of members to institutions with hundreds of thousands of members and assets worth billions of US dollars. In 2018, the number of members in credit unions worldwide was 274 million, with nearly 40 million members having been added since 2016. Leading up to the financial crisis of 2007–2008, commercial banks engaged in approximately five times more subprime lending relative to credit unions and were two and a ha ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Raiffeisenbank
Raiffeisenbank refers to cooperative banks in Europe that are rooted in the early credit unions of Friedrich Wilhelm Raiffeisen. The name is found in: * Raiffeisen Bankengruppe (Austria), Austrian group of cooperative banks. ** Raiffeisen Zentralbank Österreich, the group's former central institution ** Raiffeisen Bank International, the group's central institution, which merged with Raiffeisen Zentralbank Österreich in 2017 **** Raiffeisen (Albania), the group's subsidiary in Albania **** Raiffeisenbank (Bulgaria), the group's subsidiary in Bulgaria **** , the group's subsidiary in the Czech Republic ****, the group's subsidiary in Hungary **** Raiffeisen Bank (Romania), the group's subsidiary in Romania **** Raiffeisenbank (Russia), the group's subsidiary in Russia **** Raiffeisen Bank (Serbia), the group's subsidiary in Serbia **** Raiffeisen Bank Aval, the group's subsidiary in Ukraine *** Raiffeisen-Landesbank Tirol *** Raiffeisenlandesbank Niederösterreich-Wien *** ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Raiffeisen-Landesbank Tirol
Raiffeisen-Landesbank Tirol A.G. () is an Austrian grouping of cooperative banks based in Innsbruck, Tyrol. The bank is the central institute of Raiffeisenbank in Tyrol. The bank is a member of Raiffeisen Bankengruppe (as one of the eight Raiffeisen-Landesbank of Austria), which is a member of Österreichischer Raiffeisenverband, and in turn a member of Internationale Raiffeisen-Union. The bank was one of the shareholders of Raiffeisen Bank International (for 3.7% of shares), the national central bank of Austrian Raiffeisenbank. The bank also formed a joint venture AlpenBank with its Italian counterpart: Raiffeisen Landesbank Südtirol – Cassa Centrale Raiffeisen dell'Alto Adige The Raiffeisen Landesbank Südtirol – Cassa Centrale Raiffeisen dell'Alto Adige is the central banking institute of the 39 independent Casse Rurali/Raiffeisenbank in South Tyrol. The central bank was related to Raiffeisenverband Südtirol (th .... References External links * Privately h ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Raiffeisenlandesbank Oberösterreich
Raiffeisenlandesbank Oberösterreich AG (, RLB OÖ) is a credit institution and grouping of cooperative banks founded in the 1900s and headquartered in Linz, Austria. It is the central institution of the Raiffeisen Banking Group in Upper Austria and the largest of Austria's eight provincial central banks. Structure Raiffeisenlandesbank Oberösterreich AG is owned by the Upper Austrian Raiffeisen banks. These banks are organized as cooperatives and are owned by people in the region, known as co-owners. In addition to serving individual customers, Raiffeisenlandesbank Oberösterreich also assists in both private and corporate banking. History The bank was founded in the 20th century as an office for equalization payments and monetary equalization. The bank moved into the ''Südbahnhofmarkt'' location under the name ''Raiffeisen Zentralkasse''. In the following years ''Raiffeisen Zentralkasse's'' field of activity and locations were expanded. In 1988, the bank's name changed from ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Raiffeisenlandesbank Niederösterreich-Wien
Raiffeisenlandesbank Niederösterreich-Wien ( en, Raiffeisen State Bank of Lower Austria-Vienna, abbreviated ''RLB NÖ-Wien'') is a group of organized cooperative banks in Vienna and the state of Lower Austria. It is a part of the nationwide Raiffeisen Bankengruppe grouping of independent cooperative banks, and owns a 22.6% stake in Raiffeisen Bank International (RBI). It has around 957 employees and serves around 266,000 private, business and corporate customers. With a market share of around 42 per cent, they are the leading banking group in Lower Austria. Ownership structure RLB NÖ-Wien is owned by Raiffeisen-Holding Niederösterreich-Wien reg.Gen.m.b.H. (79.1 %) and the Raiffeisen banks of Lower Austria. Principal shareholdings * Raiffeisen Bank International Raiffeisen Bank International (RBI) is an Austrian banking group and a central institution of the Raiffeisen Banking Group Austria (RBG). The bank is listed on the Vienna Stock Exchange, with RBG's regional banks it ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Raiffeisen Bank International
Raiffeisen Bank International (RBI) is an Austrian banking group and a central institution of the Raiffeisen Banking Group Austria (RBG). The bank is listed on the Vienna Stock Exchange, with RBG's regional banks its major shareholders. RBI was a subsidiary of Raiffeisen Zentralbank (RZB Group) until March 2017, when it reverse-merged with RZB into one unified company. Due to its size, the bank was supervised by the European Central Bank as one of the 126 banking groups. History Formerly a subsidiary of Raiffeisen Zentralbank, Raiffeisen Bank International operates a banking network mainly in Central and Eastern Europe, although also maintains operations in Western Europe. Seventeen markets are covered by subsidiary banks, leasing companies, and representative offices. At the end of 2010, RBI served over 14 million customers with about 3,000 branch offices. At the end of February 2010, RZB CEO Walter Rothensteiner announced that a possible merger of RZB with Raiffeisen Intern ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Austria
Austria, , bar, Östareich officially the Republic of Austria, is a country in the southern part of Central Europe, lying in the Eastern Alps. It is a federation of nine states, one of which is the capital, Vienna, the most populous city and state. A landlocked country, Austria is bordered by Germany to the northwest, the Czech Republic to the north, Slovakia to the northeast, Hungary to the east, Slovenia and Italy to the south, and Switzerland and Liechtenstein to the west. The country occupies an area of and has a population of 9 million. Austria emerged from the remnants of the Eastern and Hungarian March at the end of the first millennium. Originally a margraviate of Bavaria, it developed into a duchy of the Holy Roman Empire in 1156 and was later made an archduchy in 1453. In the 16th century, Vienna began serving as the empire's administrative capital and Austria thus became the heartland of the Habsburg monarchy. After the dissolution of the H ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Aktiengesellschaft
(; abbreviated AG, ) is a German word for a corporation limited by share ownership (i.e. one which is owned by its shareholders) whose shares may be traded on a stock market. The term is used in Germany, Austria, Switzerland (where it is equivalent to a '' société anonyme'' or a '' società per azioni''), and South Tyrol for companies incorporated there. It is also used in Luxembourg (as lb, Aktiëgesellschaft, label=none, ), although the equivalent French language term '' société anonyme'' is more common. In the United Kingdom, the equivalent term is "PLC" and in the United States while the terms "incorporated" or "corporation" are typically used, technically the more precise equivalent term is " joint-stock company" (though note for the British term only a minority of public limited companies have their shares listed on stock exchanges). Meaning of the word The German word ''Aktiengesellschaft'' is a compound noun made up of two elements: ''Aktien'' meaning an actin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
