297:). Like the participating Raiffeisen banks, Raiffeisen Switzerland is a cooperative. It coordinates the group's activities, creates the basic conditions for the business activity of the local Raiffeisen banks (such as IT, infrastructure and refinancing), and advises and supports them in all commercial matters. Furthermore, risk management and auditing also come under the remit of Raiffeisen Switzerland. 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. Raiffeisen Switzerland's headquarters have been unofficially located in St. Gallen since 1912, and were made the legal headquarters in 1936.
252:
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285:, the Raiffeisen Group has become the second-largest banking group in Switzerland with client assets under management of 246.6 billion francs. 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 has 3.65 million clients in Switzerland, of whom approximately 1.9 million are cooperative members and thus co-owners of their regional Raiffeisen banks.
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366:, for his handling of conflicts of interest while in office. Due to Vincenz's resignation as chairman of Helvetia Insurance and his pledge that he would no longer seek any positions of responsibility with banks or insurance companies, FINMA terminated the proceedings against Vincenz, while those against Raiffeisen Switzerland remained ongoing. After an eight-month investigation, FINMA concluded its enforcement proceedings against Raiffeisen in June 2018.
25:
401:
Each regional bank provides services to customers of that region. By re-investing customer deposits within their area of operation, Raiffeisen banks contribute directly to the regional development. Furthermore, the
Raiffeisen banks also support local associations and social institutions. They employ
405:
The
Raiffeisen banks promote local roots and proximity to clients. Management responsibility at Raiffeisen is distributed in a federalist style. Furthermore, neither the regional Raiffeisen banks nor Raiffeisen Switzerland are pursuing growth at any cost. Risks and credits are monitored prudently.
276:
banks. It bears responsibility for the business policy and strategy within the
Raiffeisen Group. The 219 independent Raiffeisen banks of Switzerland are organised as cooperatives. With 896 branch offices in total, they make up the densest branch network of any Swiss bank. After the acquisition of
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and 4 years of prison, and conditional fines of 280 times 3000 francs, and 160 times 3000 francs, respectively. 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
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Every
Raiffeisenbank customer can buy up to 50 shares of their regional cooperative, each of which has a nominal value of 200 to 500 francs. Each year, the general assembly of the Raiffeisen cooperative determines the interest paid the shareholders. In 2020, it was usually between 3 and 4%.
337:. In 1902, ten institutions founded the Swiss Raiffeisen union. From 1912 onwards, the union ran a collective office in St. Gallen, and this was expanded over the following 40 years by its director Josef Stadelmann. In 2018, Raiffeisen sold its private banking subsidiary,
329:, where farmers founded their own credit banks to finance seeds, machinery and wares. The idea of cooperative banks caught on in Europe, particularly in rural areas. The first Raiffeisen bank in Switzerland was founded on the initiative of parish priest
500:, which had been fully owned by the Raiffeisen group since 2012 and had been expanded through the takeover of the adjusted client base and the employees of La Roche private bank in 2015, was sold to
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Raiffeisen
Switzerland cooperates with multiple firms to offer their services to the associated Raiffeisen banks. Raiffeisen Switzerland has direct participations in the following enterprises:
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Following the departure of
Vincenz, a critical appraisal of these participations was undertaken and, since then, a reduction of participations has been underway. Thus
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In April 2022, Pierin
Vincenz and Beat Stocker, chairman of Aduno – a credit card company owned by several Swiss banks, including Raiffeisen – were sentenced to
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launched enforcement proceedings against the banking group in relation to corporate governance issues, and against the former chairman of the executive board,
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gave
Raiffeisen Switzerland an "A+" issuer credit rating. The government does not guarantee the assets, in contrast to most of the
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people who live in said region, and the taxes levied on the bank operations contribute to the local and regional tax income.
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The first cooperative banks were founded in
Germany during the 1840s until the 1870s, upon the ideas and the initiative of
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The 246 legally independent Raiffeisen banks in Switzerland joined to form Raiffeisen Switzerland (formerly called the
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Aduno. Vincenz was also sentenced for charging Raiffeisen several private expenses, including visits at strip clubs,
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Weißbuch Verbund. Überblick der Verbundstrukturen bei europäischen Genossenschaftsbanken
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Raiffeisen Unternehmerzentrum AG (Raiffeisen entrepreneur center), 100% (since 2014)
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Each Raiffeisen cooperative guarantees the assets of the other cooperatives, and
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Raiffeisen Switzerland Cooperative - Strategy, SWOT and Corporate Finance Report
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722:[Several years of prison: Pierin Vincenz judged guilty] (in German).
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556: (archived 2006-02-23) In: Panorama Raiffeisen 3/2000 (PDF; 263 kB)
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702:"Strip clubs and fraud: the trial of an unconventional Swiss banker"
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Financial watchdog accuses Raiffeisen of major governance failings
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649:"Raiffeisen to sell Notenstein La Roche to Vontobel for CHF700M"
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720:"Mehrere Jahre Gefängnis: Pierin Vincenz schuldig gesprochen"
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100 Jahre Raiffeisen. Der Baumeister aus dem Tannzapfenland.
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Swiss Financial Market Supervisory Authority (FINMA)
794:"RatingsDirect - Raiffeisen Schweiz Genossenschaft"
49:. Unsourced material may be challenged and removed.
591:Raiffeisen Annual Report 2016 Corporate Governance
527:Andreas Zakostelsky, Friedrich Hagspiel (Hrsg.):
436:group (credit cards and consumer credits), 25,5%
393:dates, and refurbishing a demolished hotel room.
206:Heinz Huber (CEO), Guy Lachappelle (BoD Chairman)
892:
504:private bank for CHF 700 million in May 2018.
668:"Vontobel concludes private bank acquisition"
456:-company, 29% (as of September 2020: 39.98%)
479:company active in developing countries, 15%
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759:"Anteilscheine von Raiffeisen mit Risiko"
109:Learn how and when to remove this message
617:
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396:
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646:
624:"Raiffeisen Aims Big by Thinking Small"
893:
773:"Verantwortungsvolles Geschäftsmodell"
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492:, a Swiss mobile payment company, 5%
47:adding citations to reliable sources
18:
853:, retrieved 12 December 2018 (PDF).
799:. Standard & Poor's. 2021-10-20
13:
255:Raiffeisen national headquarters,
14:
922:
517:. Verlag Huber, Frauenfeld 2000,
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468:Swiss Bankers Prepaid Services (
341:, for around CHF 700 million to
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295:Swiss Union of Raiffeisen Banks
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34:needs additional citations for
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724:Swiss Radio and Television SRF
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647:Jimenea, Adrian (2018-05-24).
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906:Cooperative banking in Europe
700:Allen, Matthew (2022-01-22).
666:Conde, Pablo C (2018-07-02).
622:Gerber, Samuel (2023-09-14).
560:
507:
317:, with Raiffeisen bank office
58:"Raiffeisen" Switzerland
911:B Lab-certified corporations
838:, retrieved 31 October 2017.
472:and similar products), 16,5%
327:Friedrich Wilhelm Raiffeisen
7:
231:9,215 (full-time positions)
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672:Structured Retail Products
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16:Cooperative of Swiss banks
745:"Wie werde ich Mitglied?"
323:Hermann Schulze-Delitzsch
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588:Raiffeisen Switzerland:
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690:, checked on 19.11.2019
609:, checked on 09.11.2020
594:, checked on 09.11.2020
498:Notenstein Private Bank
877:47.421765°N 9.373231°E
603:Research and Markets:
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263:Raiffeisen Switzerland
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153:financial sector
122:Raiffeisen Switzerland
850:Geschäftsbericht 2017
824:, 23 March 2017, S. 3
415:Standard & Poor's
397:Commercial principles
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901:Banks of Switzerland
463:Swiss Stock Exchange
354:Proceedings by Finma
333:in 1899, located in
265:is a cooperative of
43:improve this article
882:47.421765; 9.373231
873: /
847:Raiffeisen Gruppe:
818:Liaison dangereuse.
470:traveller's cheques
339:Notenstein La Roche
227:Number of employees
192:Number of locations
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816:Marc Badertscher:
542:Raiffeisen Schweiz
482:KMU Capital AG, a
475:ResponsAbility, a
370:Embezzlement trial
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309:Village square of
289:Union organisation
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513:Sibylle Obrecht:
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41:Please help
36:verification
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880: /
775:(in German)
684:Swissinfo:
531:. Wien 1999
218:≈ 225 Mrd.
184:Switzerland
140:Cooperative
895:Categories
865:47°25′18″N
803:2022-04-13
779:2022-04-13
730:2022-04-13
633:2023-09-22
561:References
515:Raiffeisen
508:Literature
274:Raiffeisen
257:St. Gallen
241:raiffeisen
202:Key people
178:St. Gallen
69:newspapers
868:9°22′24″E
706:Swissinfo
335:Bichelsee
502:Vontobel
444:Cashgate
343:Vontobel
150:Industry
99:May 2021
552:at the
454:fintech
450:Leonteq
383:⁄
301:History
236:Website
165:Founded
83:scholar
628:Finews
521:
465:, 3,2%
440:Viseca
391:Tinder
315:Valais
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797:(PDF)
536:Links
490:Twint
434:Aduno
311:Ernen
271:Swiss
90:JSTOR
76:books
820:In.
519:ISBN
486:firm
325:and
168:1899
62:news
283:UBS
281:by
243:.ch
220:CHF
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