Raiffeisen

What Raiffeisen does

Raiffeisenbank Region Schärding eGen is a regional cooperative bank (eingetragene Genossenschaft) headquartered in Schärding, Upper Austria, founded in 1898 and operating as part of the nationwide Raiffeisen Bankengruppe Österreich — a network of approximately 1,500 independently operated cooperative branches across Austria. The bank serves retail customers (Privatkund:innen) and business customers (Firmenkund:innen) with dedicated relationship management for specialized segments including farmers (Landwirt:innen), medical professionals (Ärzt:innen), freelancers (Freie Berufe), municipalities (Gemeinden) and business succession clients. The cooperative ownership model ties membership to customer status within the local region.

The technology backbone is Mein ELBA, a unified online and mobile banking platform (web, iOS, Android, HUAWEI AppGallery) with PSD2-compliant pushTAN authentication, card management, securities trading and Financial Manager (Finanzmanager) expense-categorization tooling. Complementary products include pushTAN Desktop, RaiPay digital wallet, Börse360° investment app, Fuhrpark fleet app, INFINITY Business Banking for corporate cash management and WILL Digitale Vermögensverwaltung robo-advisory. Backend infrastructure is operated by Raiffeisen Informatik in TÜV-certified data centers, with software developed by Raiffeisen Software GmbH and IT managed by RAITEC.

The revenue model is multi-stream: net interest income from consumer, mortgage and SME lending; recurring account maintenance and transaction fees across Girokonto tiers (Classic, Premium, Premium Plus, Individual) plus joint, student and youth accounts; card interchange and issuance fees; securities brokerage and WILL portfolio-management fees; insurance distribution commissions; Bausparen product revenue; and Raiffeisen Mobil mobile-telecom subscription income. Distribution combines physical branches, digital self-service, the ELBA Hotline, video consultations and a developer API portal, supported by social media, sponsorship (including ÖFB national football team), and life-event-triggered direct marketing campaigns.

Name

Raiffeisen

Legal name

Raiffeisenbank Region Schärding eGen

Website

https://raiffeisen-schaerding.at

Company type

Private

Founded year

1898

Operating status

Operating

Short description

Raiffeisenbank Region Schärding is an Upper Austrian cooperative bank serving retail and SME customers with accounts, lending, cards, investments, insurance, Bausparen and mobile telecom, delivered through branches and the Mein ELBA digital platform within the nationwide Raiffeisen Bankengruppe network.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Depository Credit Intermediation (5221), Credit Unions (52213), Savings Institutions and Other Depository Credit Intermediation (522180)

SIC

State Commercial Banks (6022)

akta.pro primary industry

Agricultural & Rural Cooperatives (Farm Credit/Co-op Banks) (FSABAEAG)

Keywords

• Retail banking services
• Cooperative banking
• Mortgage lending
• Digital banking platform
• Wealth management

Headquarters

HQ city

Schärding

HQ country

Austria

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income: Core banking revenue from lending activities including consumer credits, mortgage financing (Wohnfinanzierung), auto leasing, and business loans. Interest rate environment directly influences revenue.
2. Account and Transaction Fees: Monthly account maintenance fees (Girokonto), transaction fees for domestic and international transfers, SEPA and non-SEPA foreign transfers, and cash withdrawal fees.
3. Card Revenue: Debit card issuance and maintenance fees, credit card interchange fees (as intermediary — credit cards are not issued directly by Raiffeisenbank but distributed through a partner).
4. Securities and Investment Products: Revenue from securities brokerage commissions, fund distribution fees, and portfolio management fees (including WILL digital wealth management).
5. Insurance Distribution: Commission revenue from distributing insurance products (life, accident, health, home, motor, legal protection, e-bike) as an insurance broker.
6. Building Society Products: Revenue from Bausparen (building savings) products including financing and associated account fees.
7. Mobile Telecommunication (Raiffeisen Mobil): Revenue from Raiffeisen Mobil mobile tariff subscriptions offered to customers as a bundled service.

Pricing tiers

Go-to-market motion3 records

Distribution channels7 records

Marketing channels8 records

Core offering

Raiffeisenbank Region Schärding is a regional Austrian cooperative bank that delivers full-service retail and corporate banking — current and savings accounts, debit and credit cards, consumer and mortgage lending, leasing, securities brokerage, digital wealth management (WILL), and insurance distribution — together with digital self-service via the Mein ELBA web and mobile platform and in-person advisory at local branches. The bank also distributes building society (Bausparen) products, fund savings plans, and a mobile telecom tariff (Raiffeisen Mobil) as bundled services to its customers.

Product overview

Raiffeisen offers a comprehensive banking platform consisting of Mein ELBA (web and mobile banking), INFINITY Business Banking, and multiple specialized digital products. The core banking services include various account types (Girokonto, Studentenkonto, Jugendkonto, Gemeinschaftskonto), credit products (Konsumkredit, Sofort Kredit, Wohnfinanzierung, Bausparfinanzierung, Auto-Leasing), card products (Debitkarte, Kreditkarte), and investment services (Wertpapier-Depot, WILL Digitale Vermögensverwaltung, Fondssparen). Digital touchpoints include Mein ELBA-App, pushTAN Desktop, RaiPay, and Börse360°-App for investment tracking. The product portfolio also encompasses insurance offerings (Pensionsversicherung, Lebensversicherung, Unfallversicherung, Krankenversicherung, Eigenheim & Haushalt, Kfz-Versicherung, Rechtsschutzversicherung) and specialized services for farmers (Landwirt:innen), physicians (Ärzt:innen), and municipalities (Gemeinden).

Differentiator

Problem solved

Functional benefit

Brands

• Mein ELBA: Online and Mobile Banking platform of Raiffeisen banks
• ELBA App
• Raiffeisen Mobil
• RaiPay
• Börse360°
• WILL
• Sumsi
• Raiffeisen Techno-Z Schärding
• Raiffeisen Energie

Products and services

• Mein ELBA Online Banking Internet banking platform providing 24/7 account management, transfers, securities trading, card management, and personalized financial insights for retail and business customers.
• Mein ELBA Mobile App Mobile banking application for iOS and Android offering secure account access, card freezing, pushTAN transaction signing, and financial management tools.
• INFINITY Business Banking Professional online banking solution for corporate and business customers offering transaction management, treasury services, payment processing, and corporate card administration.
• Girokonto (Current Account) Primary checking account serving as the foundation for daily banking transactions, direct deposits, bill payments, and card issuance, offered in multiple subscription tiers.
• Gemeinschaftskonto / WIR Konto (Joint Account) Joint checking account for shared household banking with discounted management fees and one debit card per account holder.
• Studentenkonto and Jugendkonto (Student and Youth Accounts) Free student and youth checking accounts with basic banking services for enrolled students and young customers.
• Debitkarte (Debit Card) Bank-issued debit card enabling cash withdrawals, POS payments, and online transactions with customizable spending limits.
• Kreditkarte (Credit Card) Credit card accepted worldwide, offering insurance protection, customizable limits, and optional card designs, distributed through a card partner.
• Konsumkredit / Sofort Kredit (Personal Loan) Personal loan for financing consumer purchases and discretionary expenses with flexible repayment terms.
• Wohnfinanzierung (Mortgage Financing) Mortgage financing for purchasing, building, or renovating residential property in Austria.
• Auto-Leasing Vehicle leasing solutions for private customers financing cars and other vehicles with flexible terms.
• Bausparen (Building Society Savings) Building society product combining long-term savings with favorable financing options for home purchase or renovation.
• Online Sparen (Online Savings) Digital fixed-term savings account offering guaranteed interest rates, with the Online Sparen Fix promotion paying 2.25% p.a. over a 15-month term.
• Wertpapier-Depot (Securities Custody Account) Securities custody account enabling investment in stocks, bonds, funds, certificates, and other financial instruments through Mein ELBA.
• Fondssparen (Fund Savings Plan) Systematic fund investment plan allowing regular monthly savings starting from €50, with a €20 fund savings bonus incentive.
• WILL Digitale Vermögensverwaltung (Digital Wealth Management) Robo-advisor service providing automated portfolio management and algorithm-driven investment recommendations for retail customers.
• Insurance Distribution (Pensions-, Lebens-, Unfall-, Kranken-, Eigenheim-, Kfz-, Rechtsschutz-, E-Bike-Versicherung) Insurance brokerage product suite covering pension, life, accident, health, home/contents, motor, legal protection, and e-bike insurance, distributed through partner insurers.
• Raiffeisen Mobil (Mobile Telecom Tariff) Mobile telecommunications tariff offering smartphone plans (S, M, L) with up to 70 GB data for €9.90/month, sold as a bundled banking customer benefit.
• Startpaket Wohnen Interest-free loan (up to €5,000, maximum 48-month term) for AK Oberösterreich members to cover rental deposits and moving costs for a first apartment.

Quantifiable outcome

• Up to €240 annual cash bonus for customer loyalty
• +1 more outcomes

Segments8 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

AI capability2 records

Feature9 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Raiffeisen Digital GmbHcoreStrategic or Co-development PartnerRaiffeisen Digital GmbH (FN 516629z, Handelsgericht Wien) operates the central digital platforms (raiffeisen.at, Mein ELBA, Mein ELBA-App) for all Austrian Raiffeisen banks. It is a service company within the Raiffeisen Bankengruppe and does not hold a banking license.
• Raiffeisen Informatik / Raiffeisen Software GmbHcoreTechnology or IntegrationRaiffeisen Software GmbH develops the software powering Raiffeisen's digital banking services. Raiffeisen Informatik operates the data center infrastructure (TÜV-certified 'Trusted Site Infrastructure') and is an accredited member of CERT.at.
• RAITEC GmbHcoreTechnology or IntegrationRAITEC GmbH operates and manages the IT infrastructure and systems supporting Raiffeisen's digital banking services.
• Raiffeisen e-force GmbHcoreStrategic or Co-development PartnerRaiffeisen e-force GmbH (Friedrich-Wilhelm-Raiffeisen-Platz 1, 1020 Wien) handles recruiting and HR processes for the Raiffeisen banking group.
• Ziviltechniker ZTP.digital ZT-GmbHminorImplementation/ SI/ Consulting PartnerIndependent technical auditing firm that reviews and certifies the security of the Mein ELBA online banking system.
• Arbeiterkammer Oberösterreich (AK OÖ)minorGTM or Marketing PartnerAK OÖ partners with Raiffeisen to offer the 'Startpaket Wohnen' — a interest-free, fee-free loan (up to €5,000, max 48 months) for AK OÖ members to cover rental deposits for their first apartment. AK OÖ covers all financing costs; Raiffeisen processes the credit.

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Raiffeisen Landesbank Oberösterreich: The regional central institution of the Raiffeisen cooperative banking group in Upper Austria, directly overseeing and supporting regional Raiffeisenbanks such as Raiffeisenbank Region Schärding. Operates as the group's wholesale, treasury, and liquidity arm in the same geographic market.
• Volksbank Oberösterreich: A regional cooperative banking group in Upper Austria serving retail and SME customers with comparable deposit, lending, and investment products. Direct competitor in the same geographic footprint and cooperative banking model.
• Oberbank AG: A publicly listed Upper Austrian regional bank offering retail, SME, and corporate banking, including specialized services for farmers, doctors, and freelancers — directly overlapping with Raiffeisenbank Region Schärding's segment strategy.
• Sparkasse Oberösterreich: A savings bank (part of the Erste Group) operating in Upper Austria with a branch network, retail and SME banking, mortgage lending, and digital services — directly competing for the same retail and SME customers in the Schärding region.
• BKS Bank AG: An Austrian regional bank with strong presence in Carinthia and Styria and a comparable focus on retail, SME, and private banking customers. Operates a similar regional universal banking model with multi-channel distribution.

Broad incumbents

• Erste Group Bank AG: Austria's largest banking group, operating the Sparkassen and direct retail brands nationwide, offering the full suite of retail, SME, corporate, and wealth management services. A dominant incumbent competitor across all of Austria including Upper Austria.
• UniCredit Bank Austria: A major universal bank and subsidiary of UniCredit Group, serving retail, SME, and corporate customers across Austria with full-service banking including mortgages, investments, and digital platforms.
• BAWAG Group AG: A large Austrian retail and SME bank (listed on the Vienna Stock Exchange), competing aggressively on retail deposits, consumer lending, mortgages, and digital banking — a major competitor for customer wallet share across Austria.
• DZ Bank (Deutsche Zentral-Genossenschaftsbank): The central institution of the German cooperative banking network (Volksbanken Raiffeisenbanken), serving as the wholesale, treasury, and product-development arm — a structural analog to the cooperative banking model that Raiffeisenbank Region Schärding belongs to.

Regional players

• Bank für Tirol und Vorarlberg (BTV): An Austrian regional bank focused on retail, SME, and private banking in western Austria (Tyrol and Vorarlberg). Comparable regional universal banking model with strong brand loyalty and similar customer segments, though geographically non-overlapping.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/user/raiffeisen
• Facebookfacebook.com/raiffeisenschaerding
• Instagraminstagram.com/raiffeisenschaerding
• TikToktiktok.com/@raiffeisen

Compliance7 records

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