Press releases

July 11, 2019

Cooperative Financial Network publishes its 2018 consolidated financial statements: Stable earnings in the operational customer business / profit before taxes of €7.8 billion

In 2018, the Volksbanken Raiffeisenbanken Cooperative Financial Network generated a profit before taxes of €7.8 billion. The performance of the traditional banking business was encouragingly stable, with further growth in the deposit-taking and lending businesses. The capital markets volatilities at the end of the year lowers profit before taxes for 2018 as a whole by €1.1 billion compared with the very strong figure reported for 2017. Since then, the capital markets levels have of course rallied.
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April 16, 2019

German Banking Industry Committee: EU banking package major contribution to stabilising European financial sector

The European Parliament today adopted the so-called ‘banking package’ broadly amending cornerstones of banking regulation. It implements Basel Committee rules (Basel III) at European level. These concern, among other things, the introduction of the net stable funding ratio (NSFR) for banks and the availability of sufficient ‘bail-in-able’ financial instruments in the event that banks are resolved.
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March 14, 2019

MiFID II is driving customers away from the capital markets

The German Banking Industry Committee (GBIC) has studied the impact of the European Markets in Financial Instruments Directive (MiFID II). Professor Stephan Paul of Ruhr University Bochum interviewed around 3,000 customers and over 150 banks in Germany on behalf of GBIC.
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