Raiffeisenbank Torgau eG

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Raiffeisenbank Torgau eG Logo

Address

Kurstraße 10, 04860, Torgau, Germany

BIC

GENODEF1TGY

Overview

Business Focus

cooperative retail banking

Raiffeisenbank Torgau eG is a cooperative bank owned by its members via shares.Raiffeisenbank Torgau eG provides retail banking products and services to its customersfocusing on customer requirements and development of local economy, paying special attention tosmall and medium-sized enterprises (SMEs).

Performance

In 2016, Raiffeisenbank Torgau eG achieved the position of 1272nd largest bank in Germany with a market share of 0.00%; its total assets grew by 6.40%.

Deposit Protection

Deposits up to 100,000 EUR are covered by German deposit guarantee scheme in Raiffeisenbank Torgau eG.

Services

retail banking
business banking
insurance

Clients

natural persons
small- and medium-sized enterprises
companies

Products

current accounts
debit cards
credit cards
savings accounts
time deposit accounts
pension plans
consumer loans
car loans
mortgage loans
trading accounts

Card Providers

VisaMasterCard

See Also

Ways to Bank

Raiffeisenbank Torgau eG delivered its products and services through both direct and indirect channels, namely:
branch branch
online banking online banking
mobile app mobile app
phone phone

Financials

Total Assets of Raiffeisenbank Torgau eG
Market Share of Raiffeisenbank Torgau eG
Total Assets (2016)
192.01 mln EUR   (+6.40%)

Raiffeisenbank Torgau eG ranked as the 1272nd largest bank in Germany by total assets. In 2016 its total assets were 192.01 mln EUR, representing a 0.00% market share. It was also the 711th largest cooperative bank in Germany, commanding a 0.02% share among cooperative banks.

Credit Ratings

Fitch: AA-
AAA
AA+, AA, AA-
A+, A, A-
BBB+, BBB, BBB-
BB+, BB, BB-
B+, B, B-
CCC, CC, C, RD, D
Moodys: -
Aaa
Aa1, Aa2, Aa3
A1, A2, A3
Baa1, Baa2, Baa3, Baa4
Ba1, Ba2, Ba3
B1, B2, B3
Caa1, Caa2, Caa3, Ca

Raiffeisenbank Torgau eG is rated by Fitch. Long-term credit rating assigned to the bank by Fitch is AA- (very high credit quality).

Deposit Guarantee

Protected Amount
up to 100,000 EUR
Guarantee Fund
BVR Institutssicherung GmbH
Covered Accounts
all deposit accounts
Eligible Depositors
individuals
companies

Raiffeisenbank Torgau eG protects deposits up to up to 100,000 EUR per depositor through Germany's deposit guarantee scheme. The scheme applies to all deposit accounts made by individuals, companies. The bank participates in the BVR Institutssicherung GmbH, making regular contributions into it.

See Also

Member of Group

 DZ Bank (Germany)

Raiffeisenbank Torgau eG is a member of DZ Bank (Germany).

Contacts

addressKurstraße 10, 04860, Torgau, Germany
po box11 61

Raiffeisenbank Torgau eG was located in Torgau.

Bank Identifiers

BIC (SWIFT)
GENODEF1TGY
MFI ID
DE06546

Bank History

Close Date
October 2017
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