Press releases

July 16, 2025

Strong customer business: Cooperative Financial Network generates profit of €10.8 billion in 2024

In 2024, the Volksbanken Raiffeisenbanken Cooperative Financial Network generated a very satisfying consolidated profit before taxes of €10.8 billion amid challenging conditions. This is the second-highest figure reported in the more than 20 years since the first consolidated financial statements were prepared. However, it represents a decline compared with the record figure of €14.4 billion achieved in 2023. The 2024 figure is in line with the average for the past five years, demonstrating the network’s sustained high level of profitability. Equity rose by around 5 percent to €150.3 billion. The Cooperative Financial Network significantly increased its loss allowances to €4.9 billion in 2024, predominantly to ensure that it is well equipped to deal with the weak macroeconomic conditions.
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June 26, 2025

CMDI Reform: Political agreement leaves many questions unanswered

The German Banking Industry Committee welcomes the political compromise on the reform of the EU bank crisis management and deposit insurance framework (CMDI). “This compromise is a step in the right direction. Deposit insurance can be modernised, and the European resolution regime strengthened. But key questions on the role and financial burden of the national guarantee schemes remain unanswered,” said Heiner Herkenhoff, CEO of the Association of German Banks, this year’s GBIC coordinator.
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June 06, 2025

PwC study reveals that the costs of the digital euro are running into billions – savings banks and cooperative banks call for closer collaboration

A new study from PwC conducted on behalf of the European Banking Federation, the European Association of Co-operative Banks (EACB), and the European Savings and Retail Banking Group (ESBG) shows that the introduction of the digital euro could cost up to €30 billion for banks in the eurozone, even though – as currently conceived – it would not offer any recognizable added value for either consumers or businesses. The umbrella organizations of the Savings Banks Finance Group and the Volksbanken Raiffeisenbanken Cooperative Financial Network are therefore calling for closer collaboration with private initiatives in the European financial sector.
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BVR - 06.05.2014, 12:00:00
URL: https://www.bvr.de/Presse/Alle_Meldungen