Banque Raiffeisen is a Luxembourgish

bank A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because ...

ing and

financial service Financial services are the economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, ...

s 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 Friedrich Wilhelm Raiffeisen (30 March 1818 – 11 March 1888) was a German mayor and cooperative pioneer. Several credit union systems and cooperative banks have been named after Raiffeisen, who pioneered rural credit unions. Life Friedrich Wilhe ...

History

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

Art Contest

In collaboration with other cooperative banks in Europe, namely

Raiffeisen (Switzerland) Raiffeisen Switzerland is a cooperative of cooperatives – the union of all independent Swiss Raiffeisen banks. It bears responsibility for the business policy and strategy within the Raiffeisen Group. The 246 independent Raiffeisen banks of Sw ...

Raiffeisen Zentralbank Raiffeisen Zentralbank Österreich A.G. was the central institution of the Raiffeisen Banking Group Austria (RBG). The central bank was merged with its subsidiary Raiffeisen Bank International in 2017. It functions as the group centre for the ...

Austria, the

Volksbanken und Raiffeisenbanken 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, Raiffeisen Südtirol in Italy,

Crédit Mutuel Crédit Mutuel is a French cooperative banking group, one of the country's top five banks with over 30 million customers. It traces its origins back to the German cooperative movement inspired by Friedrich Wilhelm Raiffeisen in Alsace–Lorraine ...

in France and the OP-Pohjola 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.

Events

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

Charity

Banque Raiffeisen supports Luxembourgish charities including: Croix-Rouge , Ligue HMC, Fondation Cancer, SOS Villages d’enfants du Monde,

SOS Faim is a Morse code distress signal (), used internationally, that was originally established for maritime use. In formal notation is written with an overscore line, to indicate that the Morse code equivalents for the individual letters of "SOS" ...

and the FLEK – .

Notes and references

External links

*
www.molconcours.lu

www.greencode.lu

Bibliography

* 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., , 2001 {{Banks of Luxembourg
Banks of Luxembourg Raiffeisen (Luxembourg) Banks established in 1926 1926 establishments in Luxembourg