100 years of Raiffeisen

Description

Proximity and cooperative strength

Steeped in history, Banque Raiffeisen is one of Luxembourg’s longest-standing banks. The first Raiffeisen credit cooperatives, inspired by the ideas of Friedrich Wilhelm Raiffeisen, were founded in the Grand Duchy in 1925. Just one year later, they merged to form the Centrale des caisses Raiffeisen luxembourgeoises – the origin of the bank we know today.

By 1970, the cooperative model was more firmly established than ever before, with 138 Raiffeisen banks across the country. It was at this time that a period of change began. Technological developments and societal changes led to many smaller banks merging. What was formerly a highly decentralised network was transformed into a more modern and efficient structure – and all without sacrificing its cooperative identity.

In 2001, the central institution was officially named Banque Raiffeisen, a move that underscored the bank’s commitment to combining tradition with modern banking practices – a guiding principle that it continues to live by to this day.

The fact that Banque Raiffeisen now boasts tens of thousands of members is testament to the enduring adaptability of the cooperative model. People trust the bank: not only as customers, but as members and contributors, too. It is this trust that forms the basis for sustainable development, innovation and customer-oriented services.