With a balance sheet total of approx. 27.7 bn EUR as of YE 2015 (IFRS), Raiffeisenlandesbank Niederoesterreich-Wien AG (RLB NW) ranges among the top 6 Austrian commerical banks. RLB NW was founded in 1898 and is headquartered in Vienna.
The Raiffeisen Banking Group was founded in 1886 by Friedrich Wilhelm Raiffeisen (1818-1888), one of the most important social reformers of the 19th century. The original goal was to provide basic banking services to the rural population based on cooperative principles.
As the largest shareholder of Raiffeisen Zentralbank and ranking itself amongst the top 6 commercial banks, Raiffeisenlandesbank Niederoesterreich Wien (RLB NW) is a very important part of the Austrian Raiffeisen Banking Group which consists of a three tier structure.