Raiffeisenlandesbank Oberösterreich AG (, RLB OÖ) is a credit institution and grouping of cooperative banks founded in the 1900s and headquartered in

Linz Linz ( , ; cs, Linec) is the capital of Upper Austria and third-largest city in Austria. In the north of the country, it is on the Danube south of the Czech border. In 2018, the population was 204,846. In 2009, it was a European Capital ...

, Austria. It is the central institution of the Raiffeisen Banking Group in

Upper Austria Upper Austria (german: Oberösterreich ; bar, Obaöstareich) is one of the nine states or of Austria. Its capital is Linz. Upper Austria borders Germany and the Czech Republic, as well as the other Austrian states of Lower Austria, Styria, an ...

and the largest of

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 ...

'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 ''Raiffeisen Zentralkasse Oberösterreich'' to ''Raiffeisenlandesbank Oberösterreich''. A year later, a ground-breaking ceremony took place for the extension to Linz's ''Südbahnhof'' railway station, which was completed in 1990. In the same year, a representative office was opened in Budweis. In 1991, the opening of a bank in the German city of Passau laid the foundation for successful business development in

Bavaria Bavaria ( ; ), officially the Free State of Bavaria (german: Freistaat Bayern, link=no ), is a state in the south-east of Germany. With an area of , Bavaria is the largest German state by land area, comprising roughly a fifth of the total lan ...

, Germany. Raiffeisenlandesbank Oberösterreich now has eight branches in

and

Baden-Württemberg Baden-Württemberg (; ), commonly shortened to BW or BaWü, is a German state () in Southwest Germany, east of the Rhine, which forms the southern part of Germany's western border with France. With more than 11.07 million inhabitants across a ...

Augsburg Augsburg (; bar , Augschburg , links=https://en.wikipedia.org/wiki/Swabian_German , label=Swabian German, , ) is a city in Swabia, Bavaria, Germany, around west of Bavarian capital Munich. It is a university town and regional seat of the ...

, Passau,

Nuremberg Nuremberg ( ; german: link=no, Nürnberg ; in the local East Franconian dialect: ''Nämberch'' ) is the second-largest city of the German state of Bavaria after its capital Munich, and its 518,370 (2019) inhabitants make it the 14th-largest ...

Munich Munich ( ; german: München ; bar, Minga ) is the capital and most populous city of the German state of Bavaria. With a population of 1,558,395 inhabitants as of 31 July 2020, it is the third-largest city in Germany, after Berlin and Ha ...

, Regensburg,

Würzburg Würzburg (; Main-Franconian: ) is a city in the region of Franconia in the north of the German state of Bavaria. Würzburg is the administrative seat of the ''Regierungsbezirk'' Lower Franconia. It spans the banks of the Main River. Würzburg ...

Ulm Ulm () is a city in the German state of Baden-Württemberg, situated on the river Danube on the border with Bavaria. The city, which has an estimated population of more than 126,000 (2018), forms an urban district of its own (german: link=no, ...

and Heilbronn. Its developmental achievements in

Germany Germany,, officially the Federal Republic of Germany, is a country in Central Europe. It is the second most populous country in Europe after Russia, and the most populous member state of the European Union. Germany is situated betwe ...

have been honored several times with the "Bank of the Year" award in the ''Großer Preis des Mittelstandes'' competition. Raiffeisenbank A.S., in which Raiffeisenlandesbank Oberösterreich has a stake, was founded in the

Czech Republic The Czech Republic, or simply Czechia, is a landlocked country in Central Europe. Historically known as Bohemia, it is bordered by Austria to the south, Germany to the west, Poland to the northeast, and Slovakia to the southeast. The ...

in 1993. Another division was established in 1995 with the founding of '' Privat Bank AG'', which offers customers sophisticated private banking and many special services. ''Kepler Fonds KAG'' was founded in 1998. Raiffeisenlandesbank Oberösterreich was transformed into a

public limited company A public limited company (legally abbreviated to PLC or plc) is a type of public company under United Kingdom company law, some Commonwealth jurisdictions, and the Republic of Ireland. It is a limited liability company whose shares may be fre ...

in 2004. From 1985 to 2012, Ludwig Scharinger was CEO and chairman of the managing board of Raiffeisenlandesbank Oberösterreich. Heinrich Schaller succeeded him in this function on March 31, 2012.

References

External links

Raiffeisenlandesbank Oberösterreich AGRaiffeisenbankengruppe Oberösterreichannual report Raiffeisenlandesbank Oberösterreich Aktiengesellschaft
{{Authority control Banks established in 1900 Companies based in Linz Economy of Upper Austria Raiffeisen Zentralbank 1900 establishments in Austria