Press releases

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.
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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.
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April 18, 2024

Cooperative Banks and Savings Banks: ECON recognizes the Importance of Deeper Discourse on Stability in the Banking Market

The decision of the Committee on Economic and Monetary Affairs (ECON) not to mandate negotiations between the European Parliament, Commission, and Council (Trilogue) regarding a European Deposit Insurance Scheme (EDIS) is appropriate. "Granting a mandate would not have brought improvements for the citizens of the EU; instead, it would have significantly impacted the functioning, preventive security systems of financial institutions", says Marija Kolak, President of the National Association of German Cooperative Banks.
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BVR - 06.05.2014, 12:00:00
URL: https://www.bvr.de/Presse/Alle_Meldungen