Raiffeisen
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.
- Company typePrivate
- Founded1898
- HeadquartersSchärding, Austria
- Headcount—
- GTM typeB2B and B2C
- OfferingServices
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.
Raiffeisen firmographics
Firmographics- 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
Raiffeisen industry classification
Industry- 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
Where Raiffeisen is headquartered
LocationHeadquarters
- HQ city
- Schärding
- HQ country
- Austria
- HQ region
- Europe
Offices3 records
Markets served
Raiffeisen business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales, Others
Revenue model
- 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.
- 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.
- 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).
- Securities and Investment Products: Revenue from securities brokerage commissions, fund distribution fees, and portfolio management fees (including WILL digital wealth management).
- Insurance Distribution: Commission revenue from distributing insurance products (life, accident, health, home, motor, legal protection, e-bike) as an insurance broker.
- Building Society Products: Revenue from Bausparen (building savings) products including financing and associated account fees.
- Mobile Telecommunication (Raiffeisen Mobil): Revenue from Raiffeisen Mobil mobile tariff subscriptions offered to customers as a bundled service.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Girokonto Classic, Premium, Premium Plus, Individual |
| Subscription | Monthly | WIR Konto (Joint Account) |
| Freemium | Monthly | Studentenkonto (Student Account) |
| Freemium | Monthly | Jugendkonto (Youth Account) |
| Subscription | Monthly | Raiffeisen Mobil Tariffs (S, M, L) |
| Subscription | Multi-year contract | Online Sparen Fix |
| Subscription | Pay-as-you-go | Consumer Credit / Sofort Kredit |
Go-to-market motion3 records
Distribution channels7 records
Marketing channels8 records
Raiffeisen product offering
Product offeringCore 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
Companies that use Raiffeisen
Customer profileSegments8 records
Ideal customer profiles3 records
Raiffeisen technology and API
TechnologyTechnology focussed No
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
AI capability2 records
Feature9 records
Raiffeisen partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core and minor.
- Raiffeisen Digital GmbHcoreRaiffeisen 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 GmbHcoreRaiffeisen 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 GmbHcoreRAITEC GmbH operates and manages the IT infrastructure and systems supporting Raiffeisen's digital banking services.
- Raiffeisen e-force GmbHcoreRaiffeisen e-force GmbH (Friedrich-Wilhelm-Raiffeisen-Platz 1, 1020 Wien) handles recruiting and HR processes for the Raiffeisen banking group.
- Ziviltechniker ZTP.digital ZT-GmbHminorIndependent technical auditing firm that reviews and certifies the security of the Mein ELBA online banking system.
- Arbeiterkammer Oberösterreich (AK OÖ)minorAK 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
Raiffeisen competitors and assessment
Company assessmentDirect 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
Raiffeisen social profiles
Digital presenceRaiffeisen compliance and trust
Trust signalCompliance7 records
Raiffeisen financial estimates
Financial estimateRevenue estimate
Valuation estimate
Raiffeisen leadership team
Management profileNumber of profiles
Profiles1 record
Raiffeisen funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Raiffeisen M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Raiffeisen
What does Raiffeisen do?
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.
Is Raiffeisen a public or private company?
Raiffeisen is a private company. It is classified as management employee owned and is currently operating.
When was Raiffeisen founded?
Raiffeisen was founded in 1898.
Where is Raiffeisen based?
Raiffeisen is headquartered in Schärding, Austria, in the Europe region.
How does Raiffeisen make money?
Seven revenue lines are on record. Interest Income is the primary driver. The others are account and Transaction Fees, card Revenue, securities and Investment Products, insurance Distribution, building Society Products and mobile Telecommunication (Raiffeisen Mobil).
Who are Raiffeisen's main competitors?
Direct peers on record are Raiffeisen Landesbank Oberösterreich, Volksbank Oberösterreich, Oberbank AG, Sparkasse Oberösterreich and BKS Bank AG. Broad incumbents are Erste Group Bank AG, UniCredit Bank Austria, BAWAG Group AG and DZ Bank (Deutsche Zentral-Genossenschaftsbank). Bank für Tirol und Vorarlberg (BTV) is listed as a regional player.
Does Raiffeisen have an API?
Yes. Raiffeisen exposes a public API. Developer documentation is at developer.raiffeisen.at/en/home.html.
What industry is Raiffeisen in?
Raiffeisen's product category is Retail Banking. Its primary akta.pro industry code is FSABAEAG, Agricultural & Rural Cooperatives (Farm Credit/Co-op Banks). Its NAICS code is 5221 and its SIC code is 6022.