Raiffeisen Landesbank Südtirol – Cassa Centrale Raiffeisen dell'Alto Adige explained

Raiffeisen Landesbank Südtirol
Type:coop joint venture (in S.p.A. legal form)
Foundation:1973
(oldest constituent bank 1889)
Location:Bolzano, South Tyrol, Italy
Industry:Financial services
Key People:Hanspeter Felder (President and CEO)
Hubert Berger (chairman of the supervisory board)
Zenone Giacomuzzi (Director General)
Services:central institute of cooperative banks
Net Income: €24,070,574
Net Income Year:2020
Assets: €5,872,770,184
Assets Year:2020
Equity: €425,150,681
Equity Year:2020
Ratio:20.54% (Tier 1 capital ratio)[1]
Homepage:raiffeisen.it

The Raiffeisen Landesbank Südtirol – Cassa Centrale Raiffeisen dell'Alto Adige is the central banking institute of the 39 independent cooperative Casse Rurali/Raiffeisenbank in South Tyrol, Italy.

The organisation in its current form dates back to 1973, although its oldest constituent bank was founded in Val Badia (Gadertal) in 1889. It is related to (the association of South Tyrolian Raiffeisen), which is a member of the International Raiffeisen Union, an association of cooperatives based on the ideas of Friedrich Wilhelm Raiffeisen.[2]

The bank formed a joint venture called AlpenBank with Raiffeisen-Landesbank Tirol (central institute of Austrian Tyrolian Raiffeisenbank), as well as a sub-holding company Casse Rurali Raiffeisen Finanziaria 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 also owned a minority stake in ICCREA Banca, the central institute of Banche di Credito Cooperativo - Casse Rurali ed Artigiane in the whole Italy.

The Landesbank Südtirol is designated as a "less significant institution" since the entry into force of European Banking Supervision in late 2014, and as such is directly supervised by the Bank of Italy.[3]

See also

References

  1. Web site: Relazione e Bilancio 2020 . https://web.archive.org/web/20210624203401/https://www.raiffeisen.it/fileadmin/RGO/Kassenseiten/Landesbank/6_Geschaeftsberichte/Geschaeftsberichte_italienisch/Relazione_Bilancio_2020.pdf . June 24, 2021 . 26 May 2020 . 2023-08-12 . Raiffeisen Landesbank Südtirol – Cassa Centrale Raiffeisen dell'Alto Adige . Italian.
  2. Web site: E-K | I. R. U. . 2014-05-18 . https://web.archive.org/web/20131105215841/http://www.iru.de/index.php/mitglieder/e-k?lang=en . 2013-11-05 . dead .
  3. Web site: European Central Bank . List of supervised entities . 1 January 2023 .

External links