Press releases

October 16, 2025

Laying foundations for economic growth: At the IMF Annual Meeting, the BVR calls for a more flexible set of rules for cooperative banks

This year's Annual Meeting of the International Monetary Fund (IMF) and the World Bank in Washington is taking place against the backdrop of an increasingly fragmented world order. Geopolitical tensions are having an ever greater influence on trade flows, capital flows, and political alliances. In this environment, Europe must be prepared for ongoing uncertainty and needs to strengthen its economic resilience. However, the Bundesverband der Deutschen Volksbanken und Raiffeisenbanken (BVR) [National Association of German Cooperative Banks] sees Germany as a potential engine for revitalising the European economy, not least because of the German government's €500 billion special fund for infrastructure and climate neutrality. It will be crucial for this public funding to mobilize additional private capital.
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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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BVR - 06.05.2014, 12:00:00
URL: https://www.bvr.de/Presse/Alle_Meldungen