Raiffeisen Group structure

Raiffeisen banks

The 255 Raiffeisen banks with a total of 883 branches (excluding branches of Raiffeisen Switzerland) are legally and organisationally independent cooperatives which elect their own Boards of Directors and have an independent auditor. The banks' strategic management is adapted to regional conditions. The Raiffeisen banks are owned by the cooperative members, which may be natural persons or legal entities. They elect the Members of the Board of Directors of their bank at local General Meetings. If the bank has more than 500 members, the General Meeting may decide by three-quarters majority of the votes cast to transfer its powers to a Delegate Meeting or to move to paper voting (secret ballot).

Resolutions and elections require an absolute majority of the votes, except where the law or Articles of Association provide otherwise. In the event of a tied vote, the matter is debated further and a second vote held. If this too is tied, the motion will be rejected. The Raiffeisen bank Board of Directors, or – if necessary – the auditor for the purposes of the Swiss Code of Obligations, calls the General Meeting a minimum of five days in advance. The invitation must be personally addressed in writing to the members and include the agenda. The annual financial statements and balance sheet must be made available in client areas at the same time.

The number of Raiffeisen banks fell from 270 to 255 in the current year as a result of various mergers. The ongoing restructuring process enables the individual Raiffeisen banks to optimally align their activities with changes in their regional markets. The number of Raiffeisen banks will continue to decline over the next few years. At the same time, Raiffeisen's presence in urban centres was expanded further. Raiffeisen opened one new location in 2017.

Raiffeisen by canton as at 31 December 20171

Canton

Number of banks

Number of bank branches

Number of members

Loans 2 in CHF million

Client monies 3 in CHF million

Total assets in CHF million

Custody account volumes in CHF million

Aargau

26

80

198,287

17,997

16,813

21,097

3,250

Appenzell Ausserrhoden

2

6

17,956

1,441

1,326

1,657

284

Appenzell Innerrhoden

1

5

8,847

652

685

770

150

Berne

20

93

189,872

14,368

13,058

16,598

1,775

Basel-Land

8

19

55,838

5,394

4,697

6,153

1,113

Basel-Stadt

1

2

0

1,059

957

1,268

348

Fribourg

10

49

95,225

9,414

7,146

10,597

829

Geneva

5

17

41,050

3,998

4,489

5,036

882

Glarus

1

2

7,527

542

505

618

146

Grisons

9

39

60,558

5,232

4,904

6,111

775

Jura

5

24

28,209

3,054

2,172

3,405

257

Lucerne

15

46

118,356

8,882

8,239

10,433

1,281

Neuchâtel

4

14

28,260

2,031

1,626

2,285

321

Nidwalden

1

8

21,114

1,591

1,572

1,918

386

Obwalden

2

8

26,420

1,569

1,655

1,951

386

St.Gallen

34

76

199,235

21,258

18,294

24,660

4,386

Schaffhausen

1

3

8,506

830

778

1,008

129

Solothurn

16

55

116,360

9,962

9,418

11,602

1,313

Schwyz

6

17

43,497

3,403

3,458

4,114

991

Thurgau

17

42

104,791

11,348

9,028

12,958

1,865

Ticino

20

64

114,500

12,674

10,548

14,937

2,183

Uri

3

5

16,494

1,250

1,139

1,438

189

Vaud

17

63

116,118

10,136

8,526

11,635

1,947

Valais

20

108

144,691

13,337

12,609

15,752

1,789

Zug

6

14

41,667

4,258

4,207

5,226

1,123

Zurich

11

40

86,748

12,343

11,126

14,681

3,296

Total 2017

261

899

1,890,126

178,023

158,975

207,908

31,394

Total 2016

276

942

1,876,687

171,029

152,353

198,930

28,140

Increase/decrease

-15

-43

13,439

6,994

6,622

8,978

3,254

Increase/decrease in %

-5.4

-4.6

0.7

4.1

4.3

4.5

11.6

1 Raiffeisen banks and branches of Raiffeisen Switzerland

2 Receivables from clients and mortgage receivables (net values after deducting value adjustments)

3 Amounts due in respect of customer deposits and cash bonds

Raiffeisen Switzerland

Raiffeisen banks own 100% of Raiffeisen Switzerland. Raiffeisen Switzerland is a cooperative. Any bank with a cooperative structure that recognises the Articles of Association of Raiffeisen banks and the Articles of Association and regulations of Raiffeisen Switzerland can join.

Raiffeisen Switzerland bears responsibility for the Raiffeisen Group's business policy and strategy and acts as a centre of competence for the entire Group. Its responsibilities include risk controlling, central bank functions (monetary settlement, liquidity maintenance and refinancing), interbank business and securities trading. Raiffeisen Switzerland also informs, advises and supports the Raiffeisen banks in management, marketing, business, information technology, training, human resources and legal services. In addition, it represents Raiffeisen's national and international interests. Raiffeisen Switzerland directly manages six branches with ten retail offices, which are involved in client business.

Regional unions

The Raiffeisen banks are grouped into 21 regional unions organised as associations. The unions act as links between Raiffeisen Switzerland and the individual Raiffeisen banks. The duties of the regional unions include coordinating regional advertising activities, holding training events for the Raiffeisen banks, safeguarding and representing the interests of the Raiffeisen banks in dealings with the cantonal business associations and authorities, and organising delegate elections for the Raiffeisen Switzerland Delegate Meeting.

Regional unions

Regional unions

Chair

Number of member banks

14 in German-speaking Switzerland

 

 

Aargauer Verband der Raiffeisenbanken

Thomas Lehner, Kölliken

24

Berner Verband der Raiffeisenbanken

Kurt Köhli, Port

17

Bündner Verband der Raiffeisenbanken

Petra Kamer, Igis

8

Deutschfreiburger Verband der Raiffeisenbanken

Thomas Rauber, Tafers

5

Regionalverband Luzern, Ob- und Nidwalden

Kurt Sidler, Ebikon

18

Oberwalliser Verband der Raiffeisenbanken

Carmen Zenklusen, Naters

7

Raiffeisenverband Nordwestschweiz

Fredi Zwahlen, Rickenbach

12

Raiffeisenverband Zürich und Schaffhausen

Werner Zollinger, Männedorf

8

Schwyzer Verband der Raiffeisenbanken

Reto Purtschert, Küssnacht am Rigi

6

Solothurner Verband der Raiffeisenbanken

Rolf Kissling, Neuendorf

14

St. Galler Verband der Raiffeisenbanken

Stefan Dudli, Waldkirch

37

Thurgauer Verband der Raiffeisenbanken

Urs Schneider, Amlikon-Bissegg

18

Urner Verband der Raiffeisenbanken

Rolf Infanger, Flüelen

3

Zuger Verband der Raiffeisenbanken

Dr Michael Iten, Oberägeri

6

6 in French-speaking Switzerland

 

 

Fédération des Banques Raiffeisen de Fribourg romand

Christian Gapany, Morlon

6

Fédération genevoise des Banques Raiffeisen

Thomas Foehn, Meyrin

6

Fédération jurassienne des Banques Raiffeisen

Christian Spring, Vicques

6

Fédération neuchâteloise des Banques Raiffeisen

Jean-Bernard Wälti, Coffrane

4

Fédération des Banques Raiffeisen du Valais romand

Emmanuel Troillet, Martigny

13

Fédération vaudoise des Banques Raiffeisen

Bertrand Barbezat, Grandson

16

1 in Italian-speaking Switzerland

 

 

Federazione Raiffeisen del Ticino e Moesano

Mauro Cavadini, Riva San Vitale

21

Group companies

Group companies are defined as all majority interests with more than 50% of the voting capital held by Raiffeisen Switzerland or its subsidiaries. The key fully-consolidated Group companies and the shareholdings valued according to the equity method are listed in note 7 (companies in which the bank holds a permanent direct or indirect significant participation). Raiffeisen Group companies have no cross-shareholdings. The following diagram shows the consolidated companies.

Company

Activity

Owner(s)

Raiffeisen banks

– Banking business

Cooperative members

– Mainly retail business

– Traditional savings and mortgage business

– Corporate clients business

– Payment services

– Investment fund business

– Securities trading

– Consumer goods leasing

Raiffeisen Switzerland

– Business policy/strategy and centre of competence for the Raiffeisen Group

Raiffeisen banks

– Risk controlling

– Ensuring central bank functions (monetary settlement, liquidity and refinancing)

– Banking business (mainly interbank business and securities trading)

– Running of branches

– Informs, advises and supports the Raiffeisen banks especially in the areas of management, marketing, business, investment activity, information technology, training, human resources and legal services

Notenstein La Roche Private Bank Ltd

Asset management for private clients

Raiffeisen Switzerland

Raiffeisen Switzerland B.V. Amsterdam

Securities, issue of structured products

Raiffeisen Switzerland

ARIZON Sourcing Ltd

Advisory and operational services for banks

Raiffeisen Switzerland (51 %)

Raiffeisen Unternehmerzentrum AG

Advisory services for SMEs

Raiffeisen Switzerland

Investnet Holding AG

Holding company

Raiffeisen Switzerland (60 %)

Raiffeisen Immo SA

Brokering and advisory services for the sale and purchase of real estate

Raiffeisen Switzerland

RAInetworks Pte. Ltd

Purchasing of office supplies, software licences

Raiffeisen Switzerland

Consolidated companies