Raiffeisen pours 1.69 million euros into social balance
Raiffeisen's Social and Economic Impact in Burgenland Explored
Welcome to a dive into Raiffeisen Bank's impact on the Burgenland region! From funding projects to creating jobs, this financial powerhouse is more than just a bank—it's a vital community partner.
A Vast Network of SupportAnnually, Raiffeisen pumps 1.69 million euros into over 1,200 clubs, organizations, and institutions across Burgenland, focusing on sports, culture, and social causes. According to General Counsel Erwin Hameseder, these figures show Raiffeisen's commitment to the region.
Financial MuscleRaiffeisen Invest's a hefty 56 million euros yearly in sponsorships, donations, and regional expenses across Austria. In Burgenland alone, this support extends to over 500 sports clubs and more than 770 education, culture, and social projects. The bank views itself as a community provider, not just a financial service provider, with a mission deeply rooted in cooperation. Profits are reinvested locally to bolster the community.
With 77 branches serving around 247,000 customers and employing nearly 900 people in Burgenland, Raiffeisen is deeply embedded in the region, going beyond its core business.
Jobs Secured and Economic BoostNational funding priorities include sports (8.4 million euros in football, 6.9 million in other sports), culture (7.3 million euros), and social and charitable institutions (9.2 million euros). Raiffeisen companies spent around 20.4 million euros in local business expenses in 2024, with 600,000 euros allocated to Burgenland. These efforts contributed to a gross value creation of 51.4 million euros and secured 820 jobs across Austria.
Beyond the NumbersGoing beyond simple financing, Raiffeisen supports several cross-border projects that focus on:
- Empowering small and medium-sized enterprises (SMEs) operating in Burgenland and neighboring Hungary
- Promoting education initiatives
- Addressing environmental challenges, including national parks and sustainability
- Enhancing mobility infrastructure, specifically linking Burgenland’s railway to the Trans-European Network (TEN)
- Preparing for bilateral emergency medical service cooperation to improve healthcare coordination
Raiffeisen: A Key Player in Regional DevelopmentRaiffeisen Bank's strong capital foundation enables it to provide loans and guarantees that facilitate investments in Burgenland, contributing to regional growth and cross-border cooperation efforts. As a financial enabler of SMEs and regional development projects, Raiffeisen helps foster economic activity and job creation in Burgenland. While exact job creation figures aren't specified, the bank's role is vital in supporting employment and economic stability.
That's a wrap! Raiffeisen Bank's social and economic engagement highlights its role as a key financial and development partner in Burgenland’s regional growth and cross-border cooperation efforts. Keep an eye out for more insightful stories!
In its extensive involvement in Burgenland, Raiffeisen Bank extends financial support to various businesses and projects, annually investing a significant 67.71 million euros in sponsorships, donations, and local expenses, creating opportunities for over 500 sports clubs and more than 770 education, culture, and social initiatives. Moreover, Raiffeisen's economic impact is visible in its generation of employment, with nearly 900 people directly employed in Burgenland and a contribution to the creation of 820 jobs across Austria as a whole.
