Raiffeisen Banking Group

The movement to create rural cooperative banks initiated in Germany by Friedrich Wilhelm Raiffeisen spread to the Habsburg Monarchy in 1886, two years before Raiffeisen's death, with the establishment of the country's first Raiffeisenkasse at Mühldorf near Spitz in Lower Austria.

The movement first national representative body was founded in 1898 under the name Allgemeiner Verband landwirtschaftlicher Genossenschaften in Österreich (lit.

The separate Austrian group was recreated in the postwar era, with the Allgemeiner Verband re-established in 1946 and renamed in 1960 as Österreichischer Raiffeisenverband.

In 2017, RBI in turn absorbed its parent company RZB, thus resulting in a more streamlined group structure.

[6]: 19 Until end-2018, the Raiffeisen Banking Group relied on an in-house deposit insurance system, the Österreichische Raiffeisen-Einlagensicherung eGen (ÖRE).

[10] In May 2024, the United States Treasury Department warned that Raiffeisen is at risk of having its access to the US financial system curtailed because of its operations in Russia.

[11] Raiffeisen subsequently announced that it would suspend all outgoing payments in US dollars from Russia by June 10th that year.