Raiffeisen Zertifikate

What Raiffeisen Zertifikate does

Raiffeisen Zertifikate is the structured products issuance brand of Raiffeisen Bank International AG (RBI), headquartered in Vienna, Austria. The business issues and distributes over 5,000 investment and leverage products across equities, indices, commodities, and ESG themes, including capital protection certificates, bonus, express, reverse convertible, discount, and index/participation certificates, as well as warrants, factor, and turbo certificates. Products are offered in multiple currencies (EUR, PLN, CZK, HUF, USD) and serve retail investors across the DACH region and Central and Eastern Europe, with the platform localized into German, English, Polish, Czech, and Slovak.

The underlying technology is a digital self-service platform centered on the Zertifikate-Finder search tool, supported by an inflation calculator, watchlist, and newsletter subscription. Distribution combines the Raiffeisen bank branch network with other commercial banks and online/direct bank channels, complemented by educational content, a YouTube video library, and LinkedIn presence. Primary-market subscription periods of approximately four weeks precede secondary-market trading during market hours via ISIN or product name lookup.

Revenue is generated from the spread between issuance and market pricing on structured certificates and leveraged products, plus secondary-market trading activity. The company does not publicly disclose revenue, as it is consolidated within RBI's reporting. Pricing varies by certificate structure, with capital protection certificates typically carrying 5-6 year maturities and savings plans starting from 100 EUR monthly. Customer concentration is low, given a fragmented long-tail retail base across at least 10 countries, though the business is exposed to retail investor sentiment cycles and market-direction risk inherent in structured products.

Name

Raiffeisen Zertifikate

Legal name

Raiffeisen Zertifikate (brand of Raiffeisen Bank International AG)

Website

https://raiffeisenzertifikate.at

Company type

Private

Founded year

1973

Operating status

Operating

Headcount range

101–250 employees

Short description

Raiffeisen Zertifikate is the structured products issuance brand of Raiffeisen Bank International AG, offering over 5,000 investment and leverage certificates to retail investors across the DACH region and Central and Eastern Europe via bank distribution and a self-service digital platform.

Ownership category

akta.pro rank

Product category

Structured Investment Certificates

NAICS

Investment Banking and Securities Intermediation (52315), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)

SIC

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

akta.pro primary industry

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

akta.pro secondary industries

Exotic Derivatives & Structured Options (FSACADAH), Structured Products & Derivatives for Wealth Clients (Notes, Options, Hedging) (FSAAABAJ)

Keywords

• Structured investment certificates
• Leverage products issuance
• Capital protection certificates
• Certificates savings plans
• Structured products DACH

Headquarters

HQ city

Vienna

HQ country

Austria

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Certificate Issuance and Trading: Revenue generated from issuing structured certificates and leveraged products (capital protection certificates, bonus certificates, express certificates, reverse convertible bonds, discount certificates, index/participation certificates, warrants, factor certificates, turbo certificates). Income derived from spread between issuance and market pricing, as well as secondary market trading activity.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

Raiffeisen Zertifikate issues and distributes a portfolio of over 5,000 structured investment certificates and leverage products, including capital protection, bonus, express, reverse convertible (Aktienanleihen), discount, index/participation, warrant, factor, and turbo certificates, plus certificate savings plans. Products are available across multiple currencies (EUR, PLN, CZK, HUF, USD) and are sold to retail investors through Raiffeisen bank branches, other banks, and online/direct bank platforms.

Product overview

Raiffeisen Zertifikate is a brand of Raiffeisen Bank International AG offering a comprehensive platform of structured investment and leverage certificates. The portfolio consists of three main product categories: (1) Capital Protection Products including Kapitalschutz-Zertifikate and inflation-linked products; (2) Partial Protection Products including Bonus-Zertifikate, Express-Zertifikate, Aktienanleihen, and Discount-Zertifikate; (3) Leverage Products including Optionsscheine (Warrants), Faktor-Zertifikate, and Turbo-Zertifikate. Additional offerings include Zertifikate Sparpläne (savings plans) and index/participation certificates. Supporting services include the Zertifikate-Finder search tool, inflation calculator, watchlist (Merkliste), and newsletter. The company serves the DACH region and Central and Eastern Europe with over 5,000 investment and leverage products across multiple currencies (EUR, PLN, CZK, USD, HUF). The platform was recognized as Austria's #1 certificates provider with 20 consecutive Best Issuer awards.

Differentiator

Problem solved

Functional benefit

Products and services

• Kapitalschutz-Zertifikate (Capital Protection Certificates)

Quantifiable outcome

• Capital protection at maturity for capital protection certificates
• +1 more outcomes

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

One partnership is on record.

• Raiffeisen Bank International AGcoreOEM/ Whitelabel/ Licensing PartnerRaiffeisen Zertifikate is a brand and business unit of Raiffeisen Bank International AG, a leading Austrian international banking group. The parent company provides the regulatory backing, capital, and institutional framework for the certificate issuance program. The brand operates under the RBI umbrella while serving the DACH and CEE markets.

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Commerzbank: Issuer of Commerzbank Zertifikate, a long-standing German certificate issuer with overlapping product categories (bonus, express, discount, turbo) and a strong DACH retail brand. One of the closest direct competitors in the German-language certificate market.
• DZ BANK: Issuer of the DZ BANK structured products franchise (formerly DZ BANK Zertifikate) and a major cooperative-bank competitor in the German and Austrian certificate market. Directly comparable to Raiffeisen Zertifikate across product range, distribution model, and cooperative-bank DNA.
• UniCredit (UniCredit Bank AG / HVZ): Issuer of UniCredit/HVB certificates (HVB Zertifikate), covering the full structured-products stack across Austria and Germany. Direct competitor with overlap in Austrian and CEE retail markets.
• BNP Paribas (BNP Paribas Issuance BV): Major European structured products issuer with a prominent German and Austrian market footprint across capital protection, bonus, express, and leveraged certificates. Comparable in product breadth and continental distribution.
• Vontobel: Swiss bank that runs a dedicated structured products platform (Vontobel Derivative Products / deritrade) covering warrants, turbo, and yield-enhancement products. Comparable as a specialized structured-product issuer with multi-currency, multi-region distribution.
• Lang & Schwarz: Specialist German certificate and leveraged product issuer with a large warrant and turbo book distributed via LS Exchange. Comparable on the leveraged-products side and on digital self-service distribution.
• Societe Generale (SG Issuer): Through its Luxembourg issuer SG Issuer, Societe Generale operates a large European structured products programme with a heavy DACH market presence. Direct competitor on bonus, express, discount, and leveraged certificate shelves.
• HSBC (HSBC Trinkaus & Burkhardt): German certificate issuer (HSBC Zertifikate) running capital protection, bonus, express, and leveraged products via Trinkaus. Same product taxonomy and direct DACH retail distribution overlap.

Broad incumbents

• UBS (UBS Investment Bank / ETRACS): Global wealth manager and investment bank with a structured products shelf across warrants, kick-in GOALs, and yield notes. Broader franchise than Raiffeisen Zertifikate but directly comparable on the structured retail note product side.
• Goldman Sachs (Goldman Sachs Bank Europe): Global investment bank with a structured products shelf across yield notes, autocalls, and capital-protected instruments. Comparable on the structured products product set although broader in overall franchise scope.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

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

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 Zertifikate