Raiffeisen (Switzerland)

Since June 2014, Raiffeisen has been classified as one of Switzerland's systemically important banks and must therefore meet special requirements in terms of capital.

Raiffeisen Switzerland runs directly managed branches in the urban regions of Basel, Bern, St. Gallen, Thalwil, Winterthur and Zurich, whereby these are not independent cooperatives.

The first Raiffeisen bank in Switzerland was founded on the initiative of parish priest Johann Traber in 1899, located in Bichelsee.

In 2018, Raiffeisen sold its private banking subsidiary, Notenstein La Roche, for around CHF 700 million to Vontobel.

[3][4][5] In 2017, the Swiss Financial Market Supervisory Authority (FINMA) launched enforcement proceedings against the banking group[6] in relation to corporate governance issues, and against the former chairman of the executive board, Pierin Vincenz, for his handling of conflicts of interest while in office.

According to the court, both Vincenz and Stocker caused financial damage to their companies with hidden personal investments in several firms, and later selling them to Raiffeisen and Aduno.

Vincenz was also sentenced for charging Raiffeisen several private expenses, including visits at strip clubs, Tinder dates, and refurbishing a demolished hotel room.

By re-investing customer deposits within their area of operation, Raiffeisen banks contribute directly to the regional development.

Raiffeisen national headquarters, St. Gallen
Village square of Ernen , Valais , with Raiffeisen bank office