Raiffeisen Landesbank Südtirol – Cassa Centrale Raiffeisen dell'Alto Adige
Italian central banking institute / From Wikipedia, the free encyclopedia
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.
Company type | coop joint venture (in S.p.A. legal form) |
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Industry | Financial services |
Founded | 1973 (oldest constituent bank 1889) |
Headquarters | Bolzano, South Tyrol, Italy |
Key people | Hanspeter Felder (President and CEO) Hubert Berger (chairman of the supervisory board) Zenone Giacomuzzi (Director General) |
Services | central institute of cooperative banks |
€24,070,574 (2020) | |
Total assets | €5,872,770,184 (2020) |
Total equity | €425,150,681 (2020) |
Subsidiaries |
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Capital ratio | 20.54% (Tier 1 capital ratio)[1] |
Website | raiffeisen.it |
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 Raiffeisenverband Südtirol [de] (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]