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South Tyrolean Raiffeisen Group

From Wikipedia, the free encyclopedia
Raiffeisen Landesbank Südtirol
Cassa Centrale Raiffeisen dell'Alto Adige
Company typecoop joint venture (in S.p.A. legal form)
IndustryFinancial services
Founded1973
(oldest constituent bank 1889)
HeadquartersBolzano, South Tyrol, Italy
Key people
Hanspeter Felder (President and CEO)
Hubert Berger (chairman of the supervisory board)
Zenone Giacomuzzi (Director General)
Servicescentral institute of cooperative banks
Increase €24,070,574 (2020)
Total assetsIncrease €5,872,770,184 (2020)
Total equityIncrease €425,150,681 (2020)
Subsidiaries
  • Casse Rurali Raiffeisen Finanziaria (JV 50%)
  • AlpenBank (JV 49.99%)
Capital ratio20.54% (Tier 1 capital ratio)[2]
Websiteraiffeisen.it

The South Tyrolean Raiffeisen Group is a cooperative banking group in the bilingual South Tyrol autonomous province of Italy, headquartered in Bolzano.

Made principally of 39 autonomous local cooperative banks (German: Raiffeisenkassen, Italian: Casse Raiffeisen), the group is integrated via an institutional protection scheme managed by its member entities' umbrella association, the Raiffeisenverband Südtirol – Federazione Cooperative Raiffeisen (lit.'South Tyrolean Raiffeisen Federation'). It also relies on a central financing entity, Raiffeisen Landesbank Südtirol – Cassa Centrale Raiffeisen dell'Alto Adige.

Overview

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The Italian Raiffeisen group's oldest constituent bank was founded in Val Badia (Gadertal) in 1889, under Austrian law. In the 1890s, a central organization was founded in Innsbruck, serving all the local Raiffeisen banks in both North and South Tyrol. The group's organisation was disrupted when the region was absorbed by Italy in the immediate aftermath of World War I.[3]

On 14 June 1973, Raiffeisen Landesbank Südtirol was re-established by the local Raiffeisen cooperative banks as their central financial organization.[1]

Raiffeisen Landesbank Südtirol formed a joint venture called AlpenBank with Raiffeisen-Landesbank Tirol in Innsbruck, which in 2022 became Alpen Privatbank through a merger after which Raiffeisen Landesbank Südtirol remained a minority shareholder owning 16.5 percent of the equity. Raiffeisen Landesbank Südtirol also established a sub-holding company, Casse Rurali Raiffeisen Finanziaria, together with Cassa Centrale Banca - Credito Cooperativo del Nord Est, which owned a significant stake in Investitionsbank Trentino Südtirol – Mediocredito Trentino Alto Adige. The Raiffeisen-Landesbank Südtirol also has owned a minority stake in ICCREA Banca, the central institute of the BCC Iccrea Group.

Raiffeisen Landesbank Südtirol has been designated as a "less significant institution" since the entry into force of European Banking Supervision in late 2014, as are all the group's local Raiffeisen cooperative banks. As such, they are all directly supervised by the Bank of Italy.[4] Following new Italian legislation on cooperative banks in 2016, the group's institutional protection scheme (IPS) was established on 14 June 2019, bringing together the 39 local cooperative banks, Raiffeisen Landesbank Südtirol, and specialized lender RK Leasing GmbH. The IPS was approved by the Bank of Italy on 3 November 2020.[5] Based on 2019 data, it was the smallest among all 8 IPSs approved in the EU, in terms both of the number of customers (300,000) and the amount of covered deposits (€7 billion).[6]: 12 

The Raiffeisenverband Südtirol [de] is a member of the International Raiffeisen Union.[7]

See also

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References

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  1. ^ a b "14. Juni 1973 : 50 Jahre Raiffeisen Landesbank Südtirol AG". Raiffeisen Landesbank Südtirol. Retrieved 25 July 2025.
  2. ^ "Relazione e Bilancio 2020" (PDF) (in Italian). Raiffeisen Landesbank Südtirol – Cassa Centrale Raiffeisen dell'Alto Adige. 26 May 2020. Archived from the original (PDF) on June 24, 2021. Retrieved 2023-08-12.
  3. ^ "Unsere Geschichte". Raiffeisen Landesbank Südtirol. Retrieved 25 July 2025.
  4. ^ "List of supervised entities" (PDF). European Central Bank. 1 January 2023.
  5. ^ "Raiffeisen Institutional Protection Scheme approved by Banca d'Italia". International Raiffeisen Union. 3 November 2020.
  6. ^ Harry Huizinga (March 2022). "Institutional Protection Schemes - What are their differences, strengths, weaknesses, and track records?" (PDF). European Parliament.
  7. ^ "E-K | I. R. U." Archived from the original on 2013-11-05. Retrieved 2014-05-18.
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