Raiffeisen Centrobank

What Raiffeisen Centrobank does

Raiffeisen Zertifikate is the structured products issuance brand of Raiffeisen Bank International AG (RBI), a publicly listed Austrian banking group (ticker: RBI) headquartered in Vienna. Founded as Raiffeisen Centrobank in 2006, the brand specializes in the design, issuance, distribution, and secondary-market trading of investment and leverage certificates across the DACH region and Central/Eastern Europe. Its product platform spans capital-protected certificates (Kapitalschutz-, Bonus-, Express-Zertifikate, Aktienanleihen, Discount-Zertifikate), index participation certificates, and leverage products such as warrants, factor certificates, and turbo certificates, with a live catalog of 4,363+ products priced in EUR, PLN, CZK, USD, and HUF.

The technical core is a self-serve digital platform (raiffeisenzertifikate.at) supporting primary-market subscription, secondary-market trading, real-time market data ('Märkte im Blick'), and a product discovery tool (Zertifikate-Finder) that lets retail investors filter by protection level, underlying, currency, and sustainability criteria. The platform is localized into German, English, Polish, Czech, and Slovak. Supporting infrastructure includes an inflation calculator, a watchlist function, newsletter distribution, and a YouTube educational video library covering certificate mechanics.

The business model is transaction-fee driven: revenue is generated from certificate issuance spreads and secondary-market bid-ask activity, complemented by distribution via the Raiffeisen banking branch network for advisor-channel sales. Customer segments are predominantly retail — ranging from conservative capital-preservation investors through active traders of leverage products to ESG-conscious buyers — addressed through both the digital PLG funnel and the bank-advisor channel. The brand has held the Zertifikate Award Austria for Best Issuer for twenty consecutive years through 2026 and maintains leadership of the European Structured Investment Products Association (EUSIPA) through executive Heike Arbter.

Name

Raiffeisen Centrobank

Legal name

Raiffeisen Bank International AG

Website

https://rcb.at

Company type

Public

Founded year

1973

Operating status

Operating

Headcount range

101–250 employees

Short description

Raiffeisen Zertifikate is the structured products issuance brand of publicly listed Raiffeisen Bank International AG, issuing and trading investment and leverage certificates (capital-protected, bonus, express, leverage) across DACH and Central/Eastern Europe, distributed via a self-serve digital platform and the Raiffeisen bank branch network to retail investors.

Ownership category

akta.pro rank

Product category

Structured Investment Products

NAICS

Investment Banking and Securities Intermediation (52315), Commodity Contracts Intermediation (523160)

SIC

Security Brokers, Dealers & Flotation Companies (6211), Commodity Contracts Brokers & Dealers (6221), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Structured Certificates & Warrants (Turbo/Knock-Out/Bonus/Discount) (FSACAMAL)

Keywords

• Structured certificates
• Investment products
• Leverage products
• Securities issuance
• Capital protection certificates

Headquarters

HQ city

Vienna

HQ country

Austria

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Certificate Issuance and Trading: Revenue generated from issuing and distributing structured investment certificates. The company acts as issuer, creating certificates that are sold to investors. Trading occurs on secondary markets with bid-ask spreads contributing to revenue.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Raiffeisen Zertifikate (operating brand of Raiffeisen Bank International AG) issues and distributes structured investment certificates — including capital-protected, partial-protection, discount, express, and index participation certificates — as well as leverage products such as warrants, factor certificates, and turbo certificates. Products are offered across multiple currencies (EUR, CZK, PLN, USD, HUF) to retail and professional investors in the DACH region and Central/Eastern Europe, supported by a self-service online platform with a certificate finder tool.

Product overview

Raiffeisen Zertifikate is a brand of Raiffeisen Bank International AG, operating as Austria's leading provider of structured investment products. The portfolio comprises over 5,000 investment products and leverage products organized into two main categories: (1) Investment products with capital protection (Kapitalschutz-Zertifikate), partial protection (Bonus-Zertifikate, Express-Zertifikate, Aktienanleihen, Discount-Zertifikate), and index participation (Index-/Partizipations-Zertifikate); and (2) Leverage products including Optionsscheine, Faktor-Zertifikate, and Turbo-Zertifikate. The offering also includes Zertifikate Sparpläne for systematic savings and market data services (Märkte im Blick) for monitoring equities, indices, currencies, commodities, and interest rates across Europe and Central/Eastern Europe. Supporting tools include a Zertifikate-Finder for product discovery and an Inflationsrechner for inflation analysis. The company has maintained its position as Austria's #1 certificate provider for 20 consecutive years, serving the DACH region and Central/Eastern Europe.

Differentiator

Problem solved

Functional benefit

Products and services

• Kapitalschutz-Zertifikate (Capital Protection Certificates)

Quantifiable outcome

• 20 consecutive years as #1 certificate issuer in Austria
• +1 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• EUSIPA (European Structured Investment Products Association)coreStrategic or Co-development PartnerRaiffeisen Zertifikate participates as a member of EUSIPA, the European umbrella organization for structured investment products. The company's executive Heike Arbter serves as President of the association, demonstrating strategic involvement in shaping European industry standards and regulatory frameworks for the structured products sector.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Emerging players

• Trade Republic: Trade Republic is a German neo-broker offering retail investment products including structured products and ETFs with a mobile-first PLG platform. Comparable as a digital-native competitor targeting the same retail investor segment with lower-cost product alternatives.
• Scalable Capital: Scalable Capital is a Munich-based digital wealth platform offering trading and savings plans including structured products. Comparable as an emerging digital player challenging traditional certificate issuers for retail investment flows in DACH.

Broad incumbents

• BNP Paribas (bnp Paribas Markets): BNP Paribas is a top-tier European structured products issuer with extensive capital protection, bonus, and express certificate offerings. Comparable as a large bank-affiliated issuer serving retail investors across multiple European markets with similar product structures.
• Deutsche Bank (X-markets): Deutsche Bank's X-markets is one of the largest European structured products issuers, with a broad product range covering warrants, certificates, and leverage products. Directly comparable to Raiffeisen Zertifikate as a major pan-European competitor in the same product category.
• Société Générale (Société Générale Structured Products / Lyxor): Société Générale is a major European structured products issuer with deep market-making capabilities across warrants and certificates. Directly comparable to Raiffeisen Zertifikate in product range and retail investor focus across Europe.
• HSBC (HSBC Structured Products): HSBC issues structured products across European markets including warrants and certificates. Comparable as a large international bank offering overlapping structured products to retail clients in similar geographies.
• UBS (UBS Structured Products): UBS issues a wide range of structured products including capital protection and leverage certificates for retail and institutional clients. Comparable as a large bank-affiliated issuer with similar product taxonomy and European distribution footprint.
• Citigroup (Citi Structured Products): Citigroup operates a global structured products franchise offering certificates and warrants to retail and institutional clients. Comparable as a major international bank with overlapping product offerings in European markets.

Direct peers

• Vontobel: Vontobel is a Swiss specialist in structured products with a strong focus on certificates, warrants, and leverage products for European retail investors. Highly comparable as a bank-independent specialist issuer with similar product depth and European distribution focus.
• Lang & Schwarz: Lang & Schwarz is a German specialist issuer of certificates and warrants with strong retail distribution in Germany. Directly comparable as a focused structured products issuer competing for German-speaking retail investors.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/channel/UCfVoPuzPptKZLhvPUtYs7bg
• LinkedInlinkedin.com/company/raiffeisen-centrobank

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Raiffeisen Centrobank