Press releases

August 05, 2024

How realistic is the legislative proposal for the digital euro? Study examines the practicality of the ideas.

‘The digital euro from a consumer, retailer and industry perspective’ is the title of a study conducted by PaySys Consultancy and commissioned by the Bundesverband der Deutschen Volksbanken und Raiffeisenbanken (BVR) [National Association of German Cooperative Banks]. The study involved carrying out a reality check on the ideas put forward so far by the European Central Bank (ECB) and on the regulatory proposal of the European Commission regarding the design of a digital euro. The political proposals made so far have focused on the digital euro not only as a form of legal tender alongside cash but also as an additional means of payment besides the existing payment methods. What would be the implications for the various market players if these ideas were to be implemented? What added value would there be for merchants and consumers if the digital euro were to be introduced in the form currently envisaged by the ECB? Would the proposals work in practice? Are there any contradictions between the ideas, or are they consistent with each other? Do the proposals provide answers to all the remaining questions regarding implementation?
more

July 09, 2024

2023 consolidated financial statements: profit of €14.4 billion / Cooperative Financial Network is well equipped for change

In 2023, the Volksbanken Raiffeisenbanken Cooperative Financial Network achieved a consolidated profit before taxes of €14.4 billion. This represents a significant increase compared with the 2022 figure of €4.2 billion, which had been influenced by interest-rate-related valuation effects. The biggest drivers in 2023 profits were reversals of impairment losses in the securities portfolios and, in particular, the cooperative banks’ traditional customer banking business. The consolidated loans and advances to customers rose by 2.4 percent. Moreover, deposits from customers – which saw a significant reallocation to fixed-term products – held steady year on year at €1,033 billion. Equity went up by 8.6 percent to €143.2 billion.
more

June 19, 2024

BVR: Council of the EU’s decision on CMDI acknowledges institutional protection but improvements are still needed

The Council of the European Union (EU) has today decided on its general approach regarding the European Commission’s proposed legislation for amending the crisis management and deposit insurance framework (CMDI review). The Bundesverband der Deutschen Volksbanken und Raiffeisenbanken (BVR) [National Association of German Cooperative Banks] welcomes the fact that the Council’s compromise acknowledges the important role of institutional protection schemes and their preventive measures.
more

BVR - May 6, 2014, 12:00:00 PM
URL: https://www.bvr.de/Presse/Alle_Meldungen