Effectual Entrepreneurship, Third Edition

 

Practically Speaking

Swiss Precision: Making Cooperatives Work in Banking

This member-owned Swiss bank seeks to balance the interests of its members and community while maintaining financial sustainability.

Entity: Raiffeisen Bank

Country: Switzerland

Page 400 in

Chapter 23 Social Change and Markets in Human Hope (pp. 391 to 424)

"Raiffeisen Bank, the third-largest player in the Swiss banking market, serves as an example of balancing the interests of its members and community while maintaining financial sustainability in a cooperative bank model. The bank's structure involves its cooperative members actively in decision-making, ensuring an exceptional proximity to clients and a strong emphasis on local/regional markets.


Fine-Tuned Machine
In terms of financial performance and market reach, Raiffeisen is significant. It serves more than 42% of the Swiss population, with one in every five mortgages in Switzerland originating from Raiffeisen. This extensive reach is supported by the densest branch network in the country, demonstrating its commitment to accessibility and local presence while offering a complete suite of digital banking services.
Raiffeisen has shown a commitment to sustainability, expanding its range of pension and investment products to include more sustainable options. This includes the launch of the "Futura Impact" asset management mandate, which aims for a positive environmental and social impact, demonstrating a balance between financial goals and broader societal contributions."

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