Press releases

July 18, 2018

Cooperative Financial Network’s profit before taxes rises to €8.9 billion / equity breaks through the €100 billion threshold

In 2017, the Volksbanken Raiffeisenbanken Cooperative Financial Network generated a sound consolidated profit before taxes of €8.9 billion, an increase of 7.3 percent. It also significantly boosted its equity to €104.4 billion, the first time that this figure has exceeded the €100 billion mark at consolidated level. The Cooperative Financial Network is thus well equipped to cope with possible threats to global economic growth.
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May 25, 2018

EU Banking Package: EU Council adopts general approach

One of the aims of the general approach adopted by the EU Council today to what is referred to as the “Banking Package” (CRR II / CRD V) is to tighten the own funds requirements. Secondly, banking regulation is to be focused more strongly on the size and the complexity of credit institutions. Another module includes the amendments to the EU’s Bank Resolution and Recovery Directive (BRRD II) and to the Single Resolution Mechanism Regulation (SRMR II), which have also been adopted. What is at issue, in particular, is the implementation of the international recommendations on total loss-absorbing capacity (TLAC) and their harmonisation with minimum requirements for own funds and eligible liabilities (MREL).
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May 09, 2018

Ahead of the presentation of the Charlemagne Prize to Emmanuel Macron, BVR President Kolak says that decentralization strengthens Europe

At the Europa Forum in Aachen on the day before the International Charlemagne Prize is awarded to the President of France Emmanuel Macron, the President of the National Association of German Cooperative Banks (BVR) Marija Kolak called for a return to more discussion about Europe.
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