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March 06, 2024

Cooperative banks generate a remarkable pre-tax profit of €10.7 billion / Kolak warns Brussels against weakening the institutional protection scheme

Based on preliminary figures, the 697 German cooperative banks increased their pre-tax profit by €6.2 billion to €10.7 billion in the financial year 2023. Their financial performance improved significantly due to the year-on-year rise in net interest income and net fee and commission income, as well as the reversal of temporary loss allowances on the banks’ own securities investments. In addition, reported equity rose by 3.2 percent to €64 billion. “These impressive figures show that the cooperative banks have established a very good basis for further growth, which will allow them to continue working successfully for their customers and members in the future,” says Marija Kolak, President of the Bundesverband der Deutschen Volksbanken und Raiffeisenbanken (BVR) [National Association of German Cooperative Banks]. At the same time, these figures indicate that the 17.8 million members and 30 million customers have confidence in the cooperative banks when it comes to financial matters.
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October 18, 2023

GBIC sees ECB decision for preparatory phase of a digital euro as positive / Consider risks and hold democratic debate

Today's decision by the Governing Council of the European Central Bank (ECB) to move its project to develop a digital euro into a preparation phase is viewed positively by the German Banking Industry (GBIC). "A properly designed digital euro can offer added value for the European economy and society. It can increase European sovereignty in payment transactions, support the ability to innovate and - for example through an offline functionality - strengthen the functionality of payment transactions even in crisis situations," says Tanja Müller-Ziegler, Member of the Board of the Federal Association of German Cooperative Banks (BVR), in charge of GBIC.
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July 28, 2023

2023 EU-wide stress test: capitalization of German institutions proves robust in a tough stress scenario

The European Banking Authority (EBA) and the European Central Bank (ECB) have today published the results of their latest periodic stress test. The previous stress test had been conducted in 2021
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BVR - 06.05.2014, 12:00:00
URL: https://www.bvr.de/Presse/Alle_Meldungen

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