Raiffeisen Banks are a network of cooperative banks primarily found in Europe, particularly in Austria and Germany. They were founded in the mid-19th century by Friedrich Wilhelm Raiffeisen, who aimed to provide financial services to rural communities. These banks operate on a cooperative model, meaning that members are both customers and owners, allowing them to benefit from shared profits and decision-making. The main services offered by Raiffeisen Banks include savings accounts, loans, and investment products. They focus on supporting local economies and fostering community development. By prioritizing customer needs and sustainable practices, these banks aim to create a positive impact in the regions they serve.