Raiffeisenlandesbank Oberösterreich

Raiffeisenlandesbank Oberösterreich AG (RLB OÖ) is a Credit Institution founded in the 1900s and headquartered in Linz. It is the central institution of the Raiffeisen Banking Group in Upper Austria and the largest of Austrias eight provincial central banks.

Raiffeisenlandesbank Oberösterreich
TypeJoint-stock company
IndustryAsset Management
Founded1990
HeadquartersLinz, Austria[1]
Total assets€35.7 million (2018)[2]
Number of employees
88 (2019)[1]
ParentRaiffeisen Zentralbank
Websitewww.raiffeisen.at

Structure

Raiffeisenlandesbank Oberösterreich Aktiengesellschaft is owned by the Upper Austrian Raiffeisen banks, which in turn are organized as cooperatives. The Raiffeisen banks are owned by the people in the region, the so-called co-owners.

History

The bank was founded more than 100 years ago as a monetary equalization office.

On 18 October 1974, the bank moved into the Südbahnhofmarkt location under the name Raiffeisen Zentralkasse. In the following years, Raiffeisen Zentralkasse's field of activity expanded and the location was expanded. In 1988 it changed its name from Raiffeisen Zentralkasse Oberösterreich to Raiffeisenlandesbank Oberösterreich. One year later, the ground-breaking ceremony for the extension to Linz's Südbahnhof railway station took place, which was completed in 1990. In the same year a representative office was opened in Budweis.

The opening of a bank in Passau in 1991 laid the foundation for successful business development in Bavaria. Raiffeisenlandesbank Oberösterreich now has eight branches in Bavaria and Baden-Württemberg: Augsburg, Passau, Nuremberg, Munich, Regensburg, Würzburg, Ulm and Heilbronn.[3] The development achievements in Germany have been honored several times with the "Bank of the Year" award in the context of the Großer Preis des Mittelstandes competition.[4]

Raiffeisenbank a.s., in which Raiffeisenlandesbank Oberösterreich has a stake, was founded in the Czech Republic in 1993.[5] Another division was established in 1995 with the founding of Privat Bank AG, which offers customers sophisticated private banking and many special services. Kepler Fonds KAG was founded in 1998. Raiffeisenlandesbank Oberösterreich was transformed into a public limited company in 2004.

From 1985 to 2012, Ludwig Scharinger was CEO and chairman of the managing board of Raiffeisenlandesbank Oberösterreich.[6] Heinrich Schaller succeeded him in this function on 31 March 2012.[7]

References
  1. "Privat Bank AG der Raiffeisenlandesbank Oberoesterreich". Bloomberg. Retrieved 10 October 2019.
  2. "Geschäftsbericht 2018". Raiffeisen Landesbank Oberösterreich. Retrieved 10 October 2019.
  3. "Standorte und Ansprechpartner". Raiffeisen Landesbank Oberösterreich. Retrieved 10 October 2019.
  4. "Raiffeisenlandesbank Oberösterreich Aktiengesellschaft". kompetenznetz mittelstand. 10 January 2019. Retrieved 10 October 2019.
  5. "Raiffeisen in Tschechien". Raiffeisen Bank International AG. Retrieved 10 October 2019.
  6. "Ex-RLB-Chef Scharinger verstorben". Retrieved 10 October 2019.
  7. "Der Vorstand der Raiffeisenlandesbank Oberösterreich". Raiffeisen Landesbank Oberösterreich. Retrieved 10 October 2019.
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