Raiffeisenbank Grimma eG products, services and reviews

About Raiffeisenbank Grimma eG

Raiffeisenbank Grimma eG is a regional cooperative bank based in Grimma, operating within the Volksbanken Raiffeisenbanken network and focusing on retail clients, self-employed professionals, and local SMEs in its defined market area. As a member-owned institution, it offers cooperative shares with voting rights and potential distributions subject to annual resolutions, while day-to-day banking centers on fee-based current accounts, savings and term deposits, consumer loans, mortgages and construction finance, and business lending. Securities custody and investment funds are typically provided via group partners, alongside insurance broking and leasing solutions, and payment services include SEPA transfers, girocard debit, and commonly available credit cards. Digital access is provided through online and mobile banking with two-factor authentication under PSD2; branch-based advisory and a limited geographic footprint remain characteristic, and service in languages other than German may be constrained. Cash access is supported by the cooperative BankCard ServiceNetz ATM network. Deposits fall under the German statutory deposit guarantee up to EUR 100,000 per depositor and the BVR institutional protection scheme, which is designed to prevent insolvency within the group. The bank is supervised by BaFin and the Deutsche Bundesbank. Pricing follows the typical German cooperative model with monthly account fees and transaction-related charges; interest rates and conditions are adjusted regularly. The business profile is exposed to regional economic conditions and interest-rate risk in the banking book, with IT and digital services provided through the cooperative group’s shared infrastructure.