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December 06, 2018
German Banking Industry Committee calls for leaner and more effective rules on non-performing loans
The German Banking Industry Committee (GBIC) sees room for improvement regarding the resolution adopted today by the European Parliament’s Committee on Economic and Monetary Affairs (ECON) on what is referred to as the prudential provisioning mechanism. The rules on non-performing loans (NPLs) need to become leaner and more effective.
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December 04, 2018
Agreement reached on the EU Banking Package on the finishing straight
The German Banking Industry Committee (GBIC) welcomes the fact that the negotiations on what is referred to as the “Banking Package” (CRR II / CRD V / BRRD II / SRMR II) have recently gained significant depth and momentum and that an important agreement on key issues has been reached at today’s meeting of Economic and Finance Ministers (ECOFIN). The compromise that has been reached on the Banking Package is an important contribution toward further stabilising the European financial sector. In addition, it takes into account the various interests of Europe’s heterogeneous banking markets.
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September 18, 2018
Cooperative Financial Network contributes €145 million to charitable causes, setting a new record for its CSR activities
The Volksbanken Raiffeisenbanken Cooperative Financial Network did more in the area of corporate social responsibility (CSR) than ever before last year. The local cooperative banks and their specialized institutions provided financial assistance totaling €145 million to people in Germany in 2017, thereby setting a new record. Donations from the Volksbanken Raiffeisenbanken and other cooperative banks reached €106 million and local communities benefited from sponsorship worth €30 million; income from charitable foundations added a further €9 million. Children and young people are the main beneficiaries of the Cooperative Financial Network’s CSR activities. At €301 million, the amount made available to charitable foundations exceeded the €300 million mark for the first time to reach a whole new level. To put that into context, the equivalent amount for 2010 was only around €140 million.
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