The Volksbanken Raiffeisenbanken Cooperative Financial Network is a decentralized banking group in Germany and one of the country's largest financial services providers. Its history dates back to the 19th-century ideas of Friedrich Wilhelm Raiffeisen and Hermann Schulze-Delitzsch, based on the principle of cooperation where members are also owners. The group consists of hundreds of legally independent local cooperative banks (Volksbanken and Raiffeisenbanken), central institutions like DZ Bank, and specialized service providers. Its mission is to support local communities and the "Mittelstand" (small and medium-sized enterprises) by offering a full range of banking services, including retail banking, corporate finance, insurance, and asset management.

Founded in

Germany