Banque Raiffeisen

Founded in 1926, Raiffeisen is the oldest cooperative banking group in Luxembourg. The group offers retail banking and asset management products and services to individuals, self-employed professionals and business entities.

Financials

Total Assets (2017)
7 905.00 mln EUR  (+5.39%)
Annual Profit (2017)
18.00 mln EUR  (+5.88%)
Number of Employees (2017)
621  (+1.64%)

In 2017 total assets of Banque Raiffeisen were 7 905,00 mln EUR. In 2017 the bank's annual profit was 18,00 mln EUR. Banque Raiffeisen had 621 employees in 2017.

Banque Raiffeisen participates in deposit guarantee scheme of Luxembourg. This scheme covers accounts up to 100 000 EUR per bank per depositor.

Contacts

4, rue Léon Laval, L-3372, LEUDELANGE, Luxembourg
111
+352 24 50 1
+352 24 50 2252

Banque Raiffeisen is headquartered in LEUDELANGE.

Bank Identifiers

BIC (SWIFT)
CCRALULL
MFI ID
LUB00009
Start Date
February 1926

Financial Positions

Total Assets (2017)
7 905.00 mln EUR  (+5.39%)

In 2017 total assets of Banque Raiffeisen were 7 905.00 mln EUR. Growth compared to the previous period (2016) was 5.39%. The evolution of the total assets of Banque Raiffeisen is shown at Chart 1 below.

Total Assets of Banque Raiffeisen.

Chart 1. Total Assets of Banque Raiffeisen.

Profit and Loss

Annual Profit (2017)
18.00 mln EUR  (+5.88%)

Recent changes in gross profit of Banque Raiffeisen and its main components are shown in Table 1.

2016 2017 % change
Net Interest Income 92.0 97.0 +5.43%
Net Commission Income 20.0 22.0 +10.00%
Table 1. Recent changes in gross profit of Banque Raiffeisen (mln EUR).

In 2017 annual profit of Banque Raiffeisen was 18.00 mln EUR. Growth compared to the previous period (2016) was 5.88%. The evolution of the annual profit of Banque Raiffeisen is shown at Chart 2 below.

Annual Profit of Banque Raiffeisen.

Chart 2. Annual Profit of Banque Raiffeisen.

Number of Employees

Number of Employees (2017)
621  (+1.64%)

In 2017 there were 621 employees of Banque Raiffeisen. Growth compared to the previous period (2016) was 1.64%. The evolution of the number of employees of Banque Raiffeisen is shown at Chart 3 below.

Number of Employees of Banque Raiffeisen.

Chart 3. Number of Employees of Banque Raiffeisen.

Deposit Guarantee

Deposit Guarantee
Yes (up to 100 000 EUR per depositor)

Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.

All credit institutions operating in Luxembourg are obliged to participate in Luxembourg deposit guarantee scheme.

In the case of Banque Raiffeisen failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Eligible Depositors  natural persons, small businesses with headquarters in EU
Covered Accounts  all cash deposits
Covered Currencies  all
Maximum Protected Amount  100 000 EUR
Paid In Currency  EUR

Further Information

BIC

BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.

A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).

BIC of Banque Raiffeisen and its components are shown in the table below.

BIC  CCRALULL
Bank BIC Code  CCRA
Country Code  LU (Luxembourg)
Location Code  LL
Branch Code  -

MFI ID

MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.

The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.

MFI ID of Banque Raiffeisen is shown in the table below.

MFI ID  LUB00009