Press releases

March 19, 2025

European Commission’s proposals for the Savings and Investments Union need to focus more on the value added for businesses and consumers

The European Commission today unveiled new steps in its adoption of the Savings and Investments Union (SIU). The initiative is aimed at channeling savings in the EU financial system into productive investments more effectively in order to open up broader access and better financing options for citizens and companies alike. The Bundesverband der Deutschen Volksbanken und Raiffeisenbanken (BVR) [National Association of German Cooperative Banks] is pleased to see that the European Commission is fleshing out the Savings and Investments Union project with more tangible ideas.
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March 10, 2025

Cooperative banks increase their profit before taxes to €9.5 billion in 2024

The 672 local cooperative banks, Sparda banks, PSD banks, and cooperative specialized institutions in Germany increased their profit before taxes by 2.3 percent to €9.5 billion in 2024. This positive trend was driven by both net interest income and net fee and commission income. Moreover, the local cooperative banks saw their equity rise by 3.2 percent to €66 billion as at December 31, 2024.
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August 05, 2024

How realistic is the legislative proposal for the digital euro? Study examines the practicality of the ideas.

‘The digital euro from a consumer, retailer and industry perspective’ is the title of a study conducted by PaySys Consultancy and commissioned by the Bundesverband der Deutschen Volksbanken und Raiffeisenbanken (BVR) [National Association of German Cooperative Banks]. The study involved carrying out a reality check on the ideas put forward so far by the European Central Bank (ECB) and on the regulatory proposal of the European Commission regarding the design of a digital euro. The political proposals made so far have focused on the digital euro not only as a form of legal tender alongside cash but also as an additional means of payment besides the existing payment methods. What would be the implications for the various market players if these ideas were to be implemented? What added value would there be for merchants and consumers if the digital euro were to be introduced in the form currently envisaged by the ECB? Would the proposals work in practice? Are there any contradictions between the ideas, or are they consistent with each other? Do the proposals provide answers to all the remaining questions regarding implementation?
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BVR - May 6, 2014, 12:00:00 PM
URL: https://www.bvr.de/Presse/Alle_Meldungen