Raiffeisen Lower Austria-Vienna Broadens Its Financial Offerings

Raiffeisen Lower Austria-Vienna Broadens Its Financial Offerings

Unplugged Insights on Raiffeisen's 2024 Annual Conference

Get ready to rock 'n roll with Raiffeisen NO-Wien at their annual bash! Over 850 enthusiasts joined in, Friday, including big-wigs from business, politics, culture, society, and religion. The guest list included Austria's Federal Chancellor, Christian Stocker, and Lower Austria's Governor, Johanna Mikl-Leitner[1].

Erwin Hameseder and Michael Hoellerer, Raiffeisen's bright sparks, set the stage ablaze with their speeches. Hameseder addressed the geopolitical tension, emphasizing the negative impact of Trump's aggressive trade policies on global trust in the US dollar[2]. Hoellerer looked to the corporation's robust performance, announcing a high consolidated annual result of €434.7 million[1].

For the future, the folk at Raiffeisen have their eyes set on expanding their core business areas, with a focus on energy and health. The organization is shooting for the stars, aiming to become "life companions" for people[1]. To achieve this, they're putting their cash behind ventures like Mavie Next (a UNIQA health subsidiary), Biogena (a dietary supplements manufacturer), and the JÖ Bonus Club (Austria's largest loyalty program)[1]. By the end of 2025, Raiffeisen's devoted customers will reap the benefits of these collaborations[1].

With a whopping 1,400 cooperatives and over two million members, Raiffeisen is Austria's top dog among cooperatives [2]. This corporate giant contributes a staggering €13.1 billion to Austria's economy, supports around 93,000 jobs, and drops €3.7 billion in taxes and duties yearly [2].

Financial MattersThough Raiffeisen-Holding NO-Wien proclaimed a consolidated result of €434.7 million in 2024, the 2023 result remains a mystery[3]. Financial data from 2023 is scarce, with only Raiffeisen Landesbank Niederösterreich-Wien's pre-tax result of €413.4 million available [3]. To get a clear picture of the full consolidated annual results for both years, including post-tax figures and comprehensive incomes, diving into the detailed annual reports or financial statements for both years would be necessary[3].

[1] Raiffeisen NO-Wien Tauscht Wachstum für Zukunftsperspektiven (derstandard.at)[2] Raiffeisen Cooperatives - The Largest Private Employer in Austria (roads.ai)[3] Raiffeisen NO-Wien's Financial Results in 2023 and 2024 (bundesfinanzministerium.gv.at)

1. Raiffeisen, in its 2024 annual conference, highlighted its aim to excel in key business areas such as energy and health, showing plans to strengthen its position through collaborations with ventures like Mavie Next, Biogena, and the JÖ Bonus Club.
2. Erwin Hameseder, speaking at the conference, discussed the effects of Trump's trade policies on global trust in the US dollar, indicating a concern for economic and social policy.
3. Raiffeisen, Austria's leading cooperative with over two million members, contributes significantly to the nation's economy, generating €13.1 billion and supporting around 93,000 jobs annually.
4. The financial results for Raiffeisen in 2023 remain undisclosed, with only the pre-tax result of €413.4 million revealed for Raiffeisen Landesbank Niederösterreich-Wien.
5. Cooperation between Raiffeisen and science and health-and-wellness companies such as UNIQA's Mavie Next and Biogena, aims to improve lives and further bolster Raiffeisen's image as a life companion.

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