Raiffeisenbank is a cooperative bank based in Austria, founded in the 19th century by Friedrich Wilhelm Raiffeisen. It operates on the principle of providing financial services to its members, focusing on local communities and small businesses. The bank offers a range of products, including savings accounts, loans, and investment services. With a strong emphasis on customer service and community support, Raiffeisenbank has grown to become one of the largest banking groups in Austria. It is part of the larger Raiffeisen Group, which includes various financial institutions and cooperatives across Europe, promoting cooperative banking principles.