Head office of Raiffeisen Landesbank Südtirol in Bolzano, inaugurated in 1989[1] | |
| Company type | coop joint venture (inS.p.A. legal form) |
|---|---|
| Industry | Financial services |
| Founded | 1973 (oldest constituent bank 1889) |
| Headquarters | Bolzano,South Tyrol, Italy |
Key people | Hanspeter Felder(President andCEO) Hubert Berger(chairman of thesupervisory board) Zenone Giacomuzzi(Director General) |
| Services | central institute of cooperative banks |
| Total assets | |
| Total equity | |
| Subsidiaries |
|
| Capital ratio | 20.54% (Tier 1 capital ratio)[2] |
| Website | raiffeisen.it |
TheSouth Tyrolean Raiffeisen Group is acooperative banking group in the bilingualSouth Tyrol autonomous province ofItaly, headquartered inBolzano.
Made principally of 39 autonomous local cooperative banks (German:Raiffeisenkassen,Italian:Casse Raiffeisen), the group is integrated via aninstitutional protection scheme managed by its member entities' umbrella association, theRaiffeisenverband 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.
The Italian Raiffeisen group's oldest constituent bank was founded inVal Badia (Gadertal) in 1889, under Austrian law. In the 1890s, a central organization was founded inInnsbruck, 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 ofWorld 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 calledAlpenBank withRaiffeisen-Landesbank Tirol inInnsbruck, which in 2022 becameAlpen 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 withCassa Centrale Banca - Credito Cooperativo del Nord Est, which owned a significant stake inInvestitionsbank Trentino Südtirol – Mediocredito Trentino Alto Adige. The Raiffeisen-Landesbank Südtirol also has owned a minority stake inICCREA Banca, the central institute of theBCC Iccrea Group.
Raiffeisen Landesbank Südtirol has been designated as a "less significant institution" since the entry into force ofEuropean Banking Supervision in late 2014, as are all the group's local Raiffeisen cooperative banks. As such, they are all directly supervised by theBank of Italy.[4] Following new Italian legislation on cooperative banks in 2016, the group'sinstitutional 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
TheRaiffeisenverband Südtirol [de] is a member of the International Raiffeisen Union.[7]
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