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.
In 2016 total assets of Banque Raiffeisen were 7 501,00 mln EUR. In 2016 the bank's annual profit was 17,00 mln EUR. Banque Raiffeisen had 611 employees in 2016.
Banque Raiffeisen participates in deposit guarantee scheme of Luxembourg. This scheme covers accounts up to 100 000 EUR per bank per depositor.
Banque Raiffeisen is headquartered in LEUDELANGE.
|Total Assets (2016)|
|7 501.00 mln EUR (+3.85%)|
In 2016 total assets of Banque Raiffeisen were 7 501.00 mln EUR. Growth compared to the previous period (2015) was 3.85%. The evolution of the total assets of Banque Raiffeisen is shown at Chart 1 below.
Chart 1. Total Assets of Banque Raiffeisen.
|Annual Profit (2016)|
|17.00 mln EUR (-5.56%)|
Recent changes in gross profit of Banque Raiffeisen and its main components are shown in Table 1.
|Net Interest Income||92.0||92.0||0.00%|
|Net Commission Income||20.0||20.0||0.00%|
|Table 1. Recent changes in gross profit of Banque Raiffeisen (mln EUR).|
In 2016 annual profit of Banque Raiffeisen was 17.00 mln EUR. Decline compared to the previous period (2015) was -5.56%. The evolution of the annual profit of Banque Raiffeisen is shown at Chart 2 below.
Chart 2. Annual Profit of Banque Raiffeisen.
|Number of Employees (2016)|
In 2016 there were 611 employees of Banque Raiffeisen. Growth compared to the previous period (2015) was 2.52%. The evolution of the number of employees of Banque Raiffeisen is shown at Chart 3 below.
Chart 3. Number of Employees of Banque Raiffeisen.
|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|
|Maximum Protected Amount||100 000 EUR|
|Paid In Currency||EUR|
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.
|Bank BIC Code||CCRA|
|Country Code||LU (Luxembourg)|
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.