Native name | Raiffeisen Zentralbank Österreich AG |
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Company type | joint venture of cooperatives |
Industry | Finance and Insurance |
Founded | 16 August 1927 |
Defunct | 18 March 2017 |
Fate | reverse merger with Raiffeisen Bank International |
Headquarters | Vienna, Austria |
Services | Commercial banking, investment banking, private banking, asset management |
€236.864 million (2015) | |
Total assets | €138.426 billion (2015) |
Total equity | €5.388 billion (2015) |
Owner | regional Raiffeisenlandesbanks (82.4%) |
Number of employees | ca. 55,400 (?) |
Subsidiaries | Raiffeisen Bank International (60.7%) |
Website | www.rzb.at |
Footnotes / references in consolidated basis[1] |
Raiffeisen Zentralbank Österreich A.G. (RZB) was a significant bank in Austria and the central institution of the Raiffeisen Banking Group (RBG) until its merger into its subsidiary Raiffeisen Bank International (RBI) in 2017.
It had subsidiaries held via RBI in, amongst others: Ukraine, Hungary, Czech Republic, Romania, Kosovo, Albania, Bulgaria, Serbia, Bosnia-Herzegovina, Croatia, and Switzerland. The largest of these subsidiaries by far was Raiffeisenbank (Russia) which accounted for 74 percent of the company's pretax profit.[2]