Raiffeisenbank Schwarzwasser Genossenschaft

Shareholders of Raiffeisenbank Schwarzwasser Genossenschaft

Raiffeisenbank Schwarzwasser Genossenschaft has no shareholders. It is a Genossenschaft (cooperative) constituted under Articles 828 ff. of the Swiss Code of Obligations by Article 1 of its statutes, edition 2024. A cooperative of this kind issues no shares and keeps no Aktienbuch; its participants are Genossenschafter (members) holding Anteilscheine (cooperative shares). No percentage ownership table is presented below, because this structure does not generate one.

Audited entity-level figures at 31 December 2025, from the bank’s own Geschäftsbericht 2025:

During the 2025 financial year 562 new members paid in CHF 112,400 and 379 departing members were repaid CHF 75,800. The cooperative capital was fully paid in.

The membership and voting rules, from the statutes, edition 2024:

• Article 19 paragraph 1 — each member has one vote, irrespective of the number of Anteilscheine subscribed. Voting power is therefore not a function of capital contributed.
• Article 11 paragraph 1(a) — a member must subscribe and pay at least one Anteilschein of not less than CHF 200 and not more than CHF 500; the general meeting fixes the nominal value uniformly for all members.
• Article 11 paragraph 2 — a member may subscribe several Anteilscheine, but the Verwaltungsrat fixes a maximum which may not exceed 10 per cent of the existing cooperative capital and may not exceed CHF 20,000 per member.
• Article 11 paragraph 3 — the Anteilschein is non-transferable and cannot be pledged, although it may be set off against claims of the bank.
• Article 8 paragraph 2 — membership is personal and non-transferable. Article 8 paragraph 1 admits natural persons, registered partnerships and legal persons.
• Article 14 — a departing member or their heirs may claim repayment of Anteilscheine at inner value, capped at nominal value; the Verwaltungsrat may refuse repayment at any time without giving reasons.
• Article 17 paragraph 1 — the Generalversammlung is the supreme organ of the bank. Under Article 26 paragraph 5 its powers may be exercised by written or electronic ballot, an Urabstimmung, with a two-thirds majority.

Two Urabstimmung results have been published by the bank. In the ballot of 4 April 2024, 1,733 valid votes were cast and the 2023 annual accounts were approved with 99.60 per cent in favour, interest on Anteilscheine at 6 per cent with 98.73 per cent, discharge of the governing bodies with 97.04 per cent, Ernst & Young AG as auditor with 97.45 per cent, and a revision of the statutes with 94.95 per cent against a two-thirds requirement. In the Urabstimmung 2026, 1,766 votes were cast, the annual accounts were approved with 99.4 per cent (1,755 for, 11 against), interest on Anteilscheine with 98.6 per cent (1,740 for, 24 against) and discharge of the governing bodies with 96.1 per cent (1,684 for, 69 against).

Ultimate beneficial ownership

No natural person is an ultimate beneficial owner of Raiffeisenbank Schwarzwasser Genossenschaft, and this is a finding derived from the constitutional documents rather than an absence of data.

Two independent caps make a controlling interest impossible on the evidence of the statutes. On votes, Article 19 paragraph 1 gives each of the 11,564 members exactly one vote regardless of capital, so the maximum voting interest any single member can hold is one vote in 11,564, approximately 0.009 per cent. On capital, Article 11 paragraph 2 caps a single member’s holding at CHF 20,000, which against cooperative capital of CHF 2,312,800 at 31 December 2025 is at most approximately 0.86 per cent — and that capital carries no additional votes in any event.

Neither measure can reach a 25 per cent control threshold, and the 25 per cent test has not been applied mechanically here: it is a threshold designed for share capital and is not the operative test for a one-member-one-vote cooperative. Control of this entity rests with the Generalversammlung as a collective organ under Article 17 paragraph 1, not with any identifiable person. A corporate member, were one to exist, would not for that reason be a beneficial owner either, since it too would hold a single vote.

No member of Raiffeisenbank Schwarzwasser Genossenschaft is named in this profile. Members are not officers, and the identity of members is not a matter of public record.

Data availability

Not public. The aggregate position is fully disclosed and audited — cooperative capital, the number of members, the number and nominal value of Anteilscheine, movements in and out during the year, and the complete statutory rules on subscription, voting, transfer and repayment are all published by the bank and were read for this profile. What is not public is the identity of the individual Genossenschafter. A Swiss cooperative maintains a register of its members under the Code of Obligations, but that register is kept by the cooperative and is not filed with or published by the commercial register, unlike the officer entries which are. This is a deliberate feature of the structure rather than a gap: there is no percentage ownership table to retrieve, because the structure produces none, and the one datum that is withheld — who the 11,564 members are — would not change the ownership conclusion, which follows from the statutes rather than from the member list.

Sources

Statuten der Raiffeisenbank Schwarzwasser, Ausgabe 2024, published by the bank; Articles 1, 8, 11, 14, 15, 16, 17, 19 and 26 read directly. Geschäftsbericht 2025 of Raiffeisenbank Schwarzwasser, balance sheet at 31 December 2025, Schlüsselzahlen and the note on Genossenschaftskapital; audited by Ernst & Young AG. Resultate Urabstimmung 2024 and Urabstimmung 2026, published by Raiffeisenbank Schwarzwasser. Zefix, the Swiss Central Business Names Index operated by the Federal Office of Justice, entity record for CHE-105.796.743, legal form Genossenschaft, queried 7 October 2026. Registre du commerce du canton de Fribourg, online company search, record for CHE-105.796.743 with legal form code COOP, queried 7 October 2026. GLEIF Level 1 record, LEI 529900FTU69N2EEKJK32, ISO 20275 entity legal form code QSI2 (Genossenschaft / cooperative), golden copy of 7 October 2026. Swiss Code of Obligations, Articles 828 ff.

Directors and officers of Raiffeisenbank Schwarzwasser Genossenschaft

Article 15 of the statutes, edition 2024, names four organs of Raiffeisenbank Schwarzwasser Genossenschaft: the Generalversammlung (general meeting), the Verwaltungsrat (board of administration), the Bankleitung (bank management) and the obligationenrechtliche Revisionsstelle (statutory auditor under the Code of Obligations). The Swiss German role titles are those used by the commercial register and by the bank itself and are preserved below; they are not interchangeable with one another.

The Verwaltungsrat and Bankleitung as published in the bank’s Geschäftsbericht 2025, cross-checked against the entries published in the Swiss Official Gazette of Commerce:

Role is recorded here separately from occupation, and no occupation is asserted for any individual. Nationality, country of residence and correspondence address are three distinct fields and none of the three is published here: Swiss register publications carry a place of origin and often a place of residence for each registered person, and neither is reproduced in this profile. No date of birth or private address is published.

Ernst & Young AG was entered as Revisionsstelle on the register publication of 4 June 2021, replacing PricewaterhouseCoopers AG (UID CHE-308.775.052), which was deleted in the same publication. Its appointment was confirmed by the members’ ballot of 4 April 2024 with 97.45 per cent in favour. Under Article 16 of the statutes, legally binding signature is held jointly by two of the Präsident des Verwaltungsrates, the Vizepräsident and at least one further Verwaltungsrat member, together with the Vorsitzender der Bankleitung and designated signing staff. The bank reports that total Verwaltungsrat remuneration for the 2025 financial year was CHF 164,823.90 gross including employer social security contributions, with no variable remuneration, and that all Verwaltungsrat members meet the independence criteria of FINMA Circular 2017/1, margin numbers 18 to 22.

Recent officer changes

None of these three is a Verwaltungsrat or Bankleitung change. Prokura is a signing authority, not a board office, and the two deletions are published terminations: Karin Schweizer and Reto Gygax Fretz are not described as current officeholders anywhere in this profile.

Data availability

Partial. Switzerland does publish officer data: the cantonal commercial register records every officer and signing authority, and each change is published in the Swiss Official Gazette of Commerce. Twenty-six publications for this entity were retrieved and the nineteen commercial-register entries among them, running from 26 July 2019 to 16 February 2026, were read in full; the current Verwaltungsrat, Bankleitung and Revisionsstelle were then cross-checked against the bank’s own audited Geschäftsbericht 2025. The limitation is that a certified full register extract could not be obtained: the Fribourg register’s extract service returned a server error for this entity while the same session’s company search returned the entity correctly, so the failure was the extract endpoint rather than a missing record. Gazette publications record only changes, so an appointment registered before the earliest publication read and never amended since does not appear in them. Thomas Hänni and Stephan Marchon are evidenced by the company’s own annual report but not by a register publication read for this profile, and their registered signing authority is therefore recorded above as not established. The roster is, on this evidence, current and complete as published by the company, but it is not a certified register extract.

Sources

Swiss Official Gazette of Commerce (Schweizerisches Handelsamtsblatt / Feuille officielle suisse du commerce), publications of the Registre du commerce du canton de Fribourg for CHE-105.796.743: HR02-1006570602 of 16 February 2026, HR02-1006413459 of 21 August 2025, HR02-1006274945 of 6 March 2025, HR02-1006052282 of 10 June 2024, HR02-1006011176 of 17 April 2024, HR02-1005836143 of 12 September 2023, HR02-1005664545 of 30 January 2023, HR02-1005645732 of 6 January 2023, HR02-1005464660 of 4 May 2022, HR02-1005389961 of 26 January 2022, HR02-1005206952 of 4 June 2021, HR02-1004993457 of 6 October 2020, HR02-1004952886 of 6 August 2020, HR02-1004907163 of 10 June 2020, HR02-1004889553 of 14 May 2020, HR02-1004833844 of 19 February 2020, HR02-1004776884 of 6 December 2019, HR02-1004705118 of 29 August 2019 and HR02-1004685050 of 26 July 2019, retrieved 7 October 2026. Geschäftsbericht 2025 of Raiffeisenbank Schwarzwasser, listing of Verwaltungsrat, Bankleitung and Revisionsstelle, and the corporate governance and remuneration notes. Statuten der Raiffeisenbank Schwarzwasser, Ausgabe 2024, Articles 15 and 16. Resultate Urabstimmung 2024, published by Raiffeisenbank Schwarzwasser. FINMA Circular 2017/1 on corporate governance, as cited by the bank.

Group structure of Raiffeisenbank Schwarzwasser Genossenschaft

Raiffeisenbank Schwarzwasser Genossenschaft is not a subsidiary of any entity and has no parent company. It is one of 208 legally independent cooperative banks that are themselves the members and owners of the central institution, Raiffeisen Schweiz Genossenschaft. The relationship runs from the local bank upward into the central institution, not downward from it, and describing Raiffeisen Schweiz Genossenschaft as this bank’s parent would invert it.

No subsidiaries are recorded. Article 3(a) of the statutes permits the bank to found subsidiaries and to take participations in companies of the Raiffeisen Gruppe and in other undertakings, but no subsidiary is evidenced by any filing read for this profile, and the GLEIF relationship record for the bank returns no direct children. Total Beteiligungen stood at CHF 13,550,279 at 31 December 2025, up CHF 1,800,000 on the year.

The federative obligations are quantified in the bank’s own audited accounts. Under the statutes of Raiffeisen Schweiz, each Raiffeisenbank must take two Anteilscheine of CHF 1,000 per CHF 100,000 of total volume in its financial accounting, measured as balance sheet total plus custody volume. Anteilscheine not yet called by Raiffeisen Schweiz are carried as a payment obligation; the bank’s Einzahlungs- und Nachschussverpflichtungen toward Raiffeisen Schweiz were CHF 117,630,818 at 31 December 2025. Each Raiffeisenbank must additionally make further contributions up to the amount of its own funds, comprising disclosed equity and hidden reserves. Each has undertaken to pay an exit indemnity of 1.5 per cent of its balance sheet total should it leave the Raiffeisen Gruppe. Receivables from group companies were CHF 177,718,966 and liabilities to them CHF 342 at 31 December 2025.

The bank can leave. Article 19 paragraph 2 of its statutes requires Raiffeisen Schweiz to be invited to the bank’s own Generalversammlung, and its representative to be heard, where the dissolution or merger of the cooperative or its withdrawal from Raiffeisen Schweiz is on the agenda. That a withdrawal is a matter for this bank’s own members to decide is itself evidence that the relationship is membership in a federation rather than ownership from above.

Supervision is consolidated. The bank reports that, by ruling of FINMA, the individual Raiffeisenbanken are exempt from compliance with capital adequacy, risk diversification and liquidity requirements on a single-entity basis, those requirements being met instead on a consolidated basis. Group-level regulatory disclosure is published by the group, not by this bank.

Shared branding is not evidence of a relationship. All 208 Raiffeisen banks carry the same name and brand. The other 207 are fellow members of the same central institution; they are not sister companies of this bank under common ownership, and no relationship between this bank and any other Raiffeisenbank is asserted here. Raiffeisen group figures are not this entity’s figures, and none is reproduced in this profile.

Data availability

Partial. The relationship that matters most on this record — the direction of the link to Raiffeisen Schweiz Genossenschaft — is documented precisely and from primary sources: the bank’s own statutory purpose as published in the commercial register, its statutes, and a dedicated note in its audited annual accounts, which also quantify the associated obligations. GLEIF records both the direct and the ultimate accounting consolidation parent as reporting exceptions with the reason that no such person is known, consistent with there being no consolidating parent, and records no direct children. What is not public is the composition of the bank’s Beteiligungen: the accounts give the policy and the CHF 13,550,279 total but do not itemise the individual holdings or their percentages, so the size of the stake in Raiffeisen Schweiz Genossenschaft and in Pfandbriefbank schweizerischer Hypothekarinstitute AG cannot be stated. The exact dates of the historical mergers are also not established; only the years are published by the bank. No merger, dissolution or deletion affecting this entity was published in the Swiss Official Gazette of Commerce between 26 July 2019 and 16 February 2026, and Zefix records no deletion date, so the bank continues to exist independently.

Sources

Geschäftsbericht 2025 of Raiffeisenbank Schwarzwasser: the note “Zusammenschluss in der Raiffeisen Gruppe”, the accounting policy note on Beteiligungen, the note on compliance with capital adequacy, risk diversification and liquidity requirements, the related-party note on Gruppengesellschaften, and the off-balance-sheet note quantifying Einzahlungs- und Nachschussverpflichtungen toward Raiffeisen Schweiz; audited by Ernst & Young AG. Statuten der Raiffeisenbank Schwarzwasser, Ausgabe 2024, Articles 2, 3 and 19. Swiss Official Gazette of Commerce, publication HR02-1006011176 of 17 April 2024, which publishes the statutory purpose referring to the Geschäftsreglement der Raiffeisenbanken issued by Raiffeisen Schweiz Genossenschaft, and the full set of nineteen commercial-register publications for CHE-105.796.743 from 26 July 2019 to 16 February 2026, retrieved 7 October 2026. Zefix, Swiss Central Business Names Index, record for CHE-105.796.743 showing status EXISTIEREND and no deletion date, queried 7 October 2026. GLEIF relationship records for LEI 529900FTU69N2EEKJK32, direct and ultimate accounting consolidation parent reporting exceptions and direct children, golden copy of 7 October 2026. FINMA, List of Raiffeisen banks authorised by FINMA, retrieved 7 October 2026. Raiffeisen Schweiz Genossenschaft, published description of the group’s cooperative structure. Published history of Raiffeisenbank Schwarzwasser.