Corporate governance

Raiffeisen Group structure

Raiffeisen banks

The 220 Raiffeisen banks with a total of 795 branches (excluding the two branches in Basel and Zurich managed by Raiffeisen Switzerland) are legally and organisationally independent cooperatives which elect their own directors and have an independent auditor. The banks’ strategic management is adapted to regional conditions. Raiffeisen banks are owned by the cooperative members. These may be natural persons or legal entities. They elect the members of the Board of Directors of their Raiffeisen bank at a local General Meeting. If the bank has more than 500 cooperative members, the General Meeting may decide by a three-quarters majority of the votes cast to transfer its powers to an Assembly of Delegates. Or the cooperative members 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 will be held. If this too is tied, the motion will be rejected. The General Meeting is called at least five days before the meeting day by the Board of Directors. The invitation including the agenda items must be issued personally and in writing. At the same time, the annual report has to be laid out in client rooms.

Regional unions

The Raiffeisen banks are grouped into 21 regional unions organised as associations. The regional unions promote and support the connection between the Raiffeisen banks and Raiffeisen Switzerland. The duties of the regional unions include coordinating regional advertising activities, holding training events for the Raiffeisen banks, and safeguarding and representing the interests of the Raiffeisen banks in dealings with cantonal business associations and authorities.

Regional unions

ChairNumber of
member banks
German-speaking Switzerland: 14 unions
Aargauer Verband der RaiffeisenbankenChristoph Wyder, Suhr19
Berner Verband der RaiffeisenbankenRolf Mani, Därstetten17
Bündner Verband der RaiffeisenbankenAlfons Quinter, Disentis-Mustér / Ernst Sax, Obersaxen7
Deutschfreiburger Verband der RaiffeisenbankenAldo Greca, Giffers5
Regionalverband Luzern, Ob- und NidwaldenBruno Poli, Hergiswil17
Oberwalliser Verband der RaiffeisenbankenKarlheinz Fux, St.Niklaus6
Raiffeisenverband NordwestschweizHans Rudolf Müller, Wintersingen12
Raiffeisenverband Zürich und SchaffhausenRoger Maneth, Würenlos10
Schwyzer Verband der RaiffeisenbankenReto Purtschert, Küssnacht4
Solothurner Verband der RaiffeisenbankenSilvio Bertini, Bettlach12
St. Galler Verband der RaiffeisenbankenMarcel Helfenberger, Lömmenschwil32
Thurgauer Verband der RaiffeisenbankenReto Inauen, Appenzell14
Urner Verband der RaiffeisenbankenRolf Infanger, Flüelen2
Zuger Verband der RaiffeisenbankenDr. Michael Iten, Oberägeri6
French-speaking Switzerland: 6 unions
Fédération des Banques Raiffeisen de Fribourg romandChristian Gapany, Morlon5
Fédération genevoise des Banques RaiffeisenThomas Foehn, Meyrin / Hervé Broch, Ursy4
Fédération jurassienne des Banques RaiffeisenDidier Nicoulin, Porrentruy6
Fédération neuchâteloise des Banques RaiffeisenLaurent Risse, Neuchâtel2
Fédération des Banques Raiffeisen du Valais romandEmmanuel Troillet, Le Châble10
Fédération vaudoise des Banques RaiffeisenPhilippe Widmer, Pomy13
Italian-speaking Switzerland: 1 union
Federazione Raiffeisen del Ticino e MoesanoMauro Cavadini, Melano17

Raiffeisen by canton1

Number ofCHF million
CantonBanksBank branchesMembersLoans2Client monies3Total assetsCustody account
Aargau 2376208,90920,82121,50626,5083,540
Appenzell Ausserrhoden 2617,5861,7031,5942,025277
Appenzell Innerrhoden 149,057722776883152
Basel-Land 71959,8986,6495,9927,9251,312
Basel-Stadt 12-1,0741,1271,492350
Berne 1878188,93715,65414,74518,4241,654
Fribourg 1048113,39912,29510,05014,2761,012
Geneva 41847,7425,0745,7926,735950
Glarus 127,449583623750141
Grisons 83761,6256,1036,2007,613816
Jura 52229,7313,6002,6714,150250
Lucerne 1545136,72411,64911,48414,1821,737
Neuchâtel 21329,7712,5292,2063,062271
Nidwalden 1922,4922,0242,2102,558460
Obwalden 1613,6881,0331,1751,372331
Schaffhausen 129,7381,0929881,335200
Solothurn 1345114,17211,03711,00813,5121,492
St.Gallen 2871217,97124,69022,26529,7404,478
Ticino 1656120,59514,62113,69818,3782,096
Uri 2516,7781,5001,4721,788254
Vaud 1355117,56211,66410,30214,0202,055
Valais 1682156,07616,95317,02220,7322,055
Zug 61342,7224,8974,9636,0821,438
Zurich 1139105,95014,04813,46317,5143,681
All cantons 31.12.20222228032,001,499209,730198,871256,28233,919
All cantons 31.12.20212258201,963,593202,387194,734252,04139,019
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 model 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 tasks include risk controlling, consolidated monitoring, 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.

Rules for collaboration between Raiffeisen Switzerland’s executive bodies and its owners are set out in the Articles of Association of Raiffeisen Switzerland and in the regulations of the owners’ committees. The Owners’ Meeting, an independent body comprising the Raiffeisen banks, is responsible for the owners’ strategy and the structure of the owners’ committees. The Board of Directors of Raiffeisen Switzerland regularly communicates with the Raiffeisen Bank Council and the committee of the Raiffeisen Bank Council regarding strategic issues. The expert committees act as sounding boards for initiatives, schemes and projects, and bring the Raiffeisen banks’ needs to bear at an operational level. The owners’ committees have no decision-making authority with regard to Raiffeisen Switzerland. Their sole purpose is to share views.

Owners' Meeting (OM)

The Owners’ Meeting (OM) is where the Raiffeisen banks independently come together. Each Raiffeisen bank has one vote and is represented by one person in this body. The OM issues the owner’s strategy and sets up an organisational structure for the Raiffeisen banks in order to exchange views with Raiffeisen Switzerland. The Owners’ Meeting is convened as often as business dictates. Usually, it is convened once a year immediately before Raiffeisen Switzerland’s Ordinary General Meeting.

At the Owners’ Meeting, the participants take note of information provided by the Board of Directors of Raiffeisen Switzerland regarding the implementation of the owner’s strategy as well as statements issued by the Raiffeisen Bank Council regarding the implementation of the owner’s strategy. The Raiffeisen Bank Council also provides information on the compensation paid to members of the owners’ committees (Raiffeisen Bank Council, Expert Committee Coordination and expert committees). The Owners’ Meeting reaches consultative decisions about key political and strategic owner issues. The 2022 OM was held in Locarno on 17 June 2022, chaired by Marlis Pfeiffer, Vice-Chair of the Raiffeisen Bank Council.

Raiffeisen Bank Council

The Raiffeisen Bank Council (RB Council) was established to institutionalise collaboration between the Raiffeisen banks and Raiffeisen Switzerland. The RB Council serves as a bridge between the Raiffeisen banks and Raiffeisen Switzerland through a structured process for sharing opinions on strategy and business policy. In addition to reflecting on and assessing strategic and business policy issues, the RB Council presents the Raiffeisen banks’ perspective as the Raiffeisen Group continues to evolve. The RB Council does not assume any tasks or powers from the Board of Directors of Raiffeisen Switzerland; instead, the RB Council acts as its sounding board.

The structured approach and communication of opinions that the Raiffeisen banks have formulated among themselves aim to strengthen and legitimise confidence in the relationship between the Raiffeisen banks and Raiffeisen Switzerland. Council members back decisions made by the RB Council in keeping with their collective responsibility for decisions.

The RB Council conducted its business in six meetings. The meetings, which serve as a platform to exchange views and ideas are organised by the Board of Directors of Raiffeisen Switzerland. Four meetings were held in 2022, one of them in person and the others digitally. The Chairman of the RB Council is Bruno Poli and the Vice-Chairman is Marlis Pfeiffer.

Expert Committee Coordination

Expert Committee Coordination (ECC) exchanges views with the Executive Board of Raiffeisen Switzerland regarding operational issues. Being the senior governing body for the expert committees, it coordinates the activities of the various standing expert committees.

ECC has no veto rights or decision-making authority of its own with regard to issues which are in Raiffeisen Switzerland’s area of responsibility. Its structured approach and constructive communication of opinions aims to strengthen confidence in the relationship between the Raiffeisen banks and Raiffeisen Switzerland.

ECC conducted its business at three meetings. The Chairman of ECC is Hermann Marti, the Vice-Chairman is Hervé Broch.

Expert committees

The expert committees are advisory bodies that constantly communicate with Raiffeisen Switzerland on operational decision-making. They reflect on and assess initiatives, schemes and projects. They present the Raiffeisen banks’ perspective and needs, particularly when new products, services, processes and systems are being aligned and developed. The expert committees have no veto rights or decision-making authority of their own with regard to issues which are in Raiffeisen Switzerland’s area of responsibility.

There are currently seven expert committees (Products & Investment Services, IT, Finance & Human Resources, Operating Services, Corporate Clients, Treasury & Markets, Risk & Compliance, Raiffeisen Banks Services), which exchanged information with the departments of Raiffeisen Switzerland in three cycles of meetings during the year under review.

Group companies

Group companies are defined as all majority interests with more than 50% of the voting capital. The key fully-consolidated Group companies and the shareholdings valued according to the equity method are listed in note 7 of the consolidated annual financial statements (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.

Group companies

Raiffeisen banksBanking businessCooperative members
Mainly retail business
Traditional savings and mortgage business
Corporate clients business
Payment services
Asset management and investment activity
Securities trading
Consumer goods leasing
Raiffeisen SwitzerlandBusiness policy/strategy and centre of competence for the Raiffeisen GroupRaiffeisen banks
Risk management and consolidated monitoring
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, asset management and investment activity, information technology, training, human resources and legal services
KMU Capital Holding AGHolding companyRaiffeisen Switzerland (60%)1
Raiffeisen Unternehmerzentrum AGAdvisory services for SMEsRaiffeisen Switzerland
Raiffeisen Switzerland B.V.
Financial servicesRaiffeisen Switzerland
Raiffeisen Immo LtdBrokering and advisory services for the sale and purchase of real estateRaiffeisen Switzerland
1 Raiffeisen Switzerland lays claim to 100% of the shares in KMU Capital Holding AG (see footnote 4 in note 7 of the consolidated annual financial statements).