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]