Camera de Comert Elvetia - Romania / Chamber of Commerce Switzerland - Romania

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Raiffeisen Group in Romania

The Raiffeisen Group brings to Romania a tradition of over 130 years, built on the solid bases of Raiffeisen philosophy: accessibility, efficiency and trust.

More than 200 branches and agencies all over the country follow the dream of their Founder, Friedrich Wilhelm Raiffeisen, and guarantee their clients the best quality for the banking services offered.

The professionals of Raiffeisen Bank develop, day by day, an open relationship between the bank and its clients, by promptly answering the questions and the suggestions of the clients, and by offering the simplest and most accesible solutions.

Raiffeisen Group is represented in Romania by: Raiffeisen Leasing, Raiffeisen Capital & Investment, Raiffeisen Asset Management, Raiffeisen Investment Romania, Raiffeisen Banca pentru Locuinte, Raiffeisen Bank.

Raiffeisen Bank

Raiffeisen Bank is a top universal bank on the Romanian market, providing a complete range of high quality products and services to private individuals, SMEs and large corporations via multiple distribution channels: banking outlets (more than 284 throughout the country), ATM and EPOS networks, phone-banking (Raiffeisen Direct) and mobile-banking (myBanking).

Raiffeisen Bank Romania has resulted from the merger in June 2002 of the two Raiffeisen Group banks present on the local market Raiffeisenbank (Romania) S.A., established in 1998 as a subsidiary of RZB Austria and Banca Agricola Raiffeisen S.A. established in April 2001, after the take over by RZB Austria of the Romanian state-owned Banca Agricola.

After the privatization, Raiffeisen Bank managed an impressive turnaround. At the end of 2004, Raiffeisen Bank posted a net profit of EUR 28.3 million, six times higher than the one registered in 2003 (EUR 4.6 million). Total assets more than doubled as compared to the previous year, reaching more than EUR 2,000 million. In 2005 the bank continued to implement a significant investment plan focused mainly on the infrastructure and IT&C systems, the modernization of the branch network and extension of ATM and POS networks. The bank services more than 1.8 million customers.

The excellent results of Raiffeisen Bank were recognized by well-known foreign and Romanian publications. The British magazine Euromoney awarded Raiffeisen Bank the title “Best investment bank in Romania”, while Global Finance nominated Raiffeisen Bank “Best Bank in Romania” for two years in a row, 2004 and 2005.

Raiffeisen Bank is a universal bank covering both the retail and corporate areas. On the retail side, Raiffeisen Bank offers a wide range of deposit and lending products for individuals. At the same time, the bank is a top provider of products and services for SMEs. On the corporate side, Raiffeisen is a leading bank in terms of cash management and structured trade finance products.

Raiffeisen Bank services its clients through a network of over 200 banking outlets and a staff of 3,400. Raiffeisen Bank is part of the Austrian Raiffeisen Banking Group, its major shareholder being RZB – via its subsidiary RIB.