Press releases

September 04, 2026

German Banking Industry Committee: There are no monetary policy grounds for raising the minimum reserve requirement and doing so would be detrimental to the euro area

The German Banking Industry Committee (GBIC) is warning against raising non-remunerated minimum reserve requirements in the euro area, stating that such a move is unwarranted in terms of monetary policy and would place an additional burden on European banks. It believes that it would run counter to the European Commission’s efforts to strengthen the competitiveness of the European financial sector.
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July 17, 2026

European banking sector competitiveness: European Commission identifies the right priorities but remains too vague on implementation

The European Commission has today published its communication on the competitiveness of the European banking sector and the single market in banking. In it, it sets out what it considers to be the key areas for action and initiatives for a forward-looking European banking system. The European Commission intends to present legislative proposals based on this communication in the first quarter of 2027.
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July 15, 2026

Excellent competitive position: Cooperative Financial Network generates profit of €11.6 billion in 2025

The Volksbanken Raiffeisenbanken Cooperative Financial Network fared well in 2025 amid ongoing weak growth in Germany. Profit before taxes came to €11.6 billion. “Our banks have managed their business well and they are there for their customers in these challenging times. That is paying off in the form of millions of long-standing customer relationships with individuals and businesses, and further growth in customer business”, said Marija Kolak, President of the Bundesverband der Deutschen Volksbanken und Raiffeisenbanken (BVR) [National Association of German Cooperative Banks], when the consolidated financial statements were presented, adding that the result highlights the Cooperative Financial Network’s competitiveness. Kolak also made reference to increasing economic headwinds and a marked rise in competitive pressure in the German banking market. “This is why we are channeling our efforts into becoming fit for a future that is built around the needs of our customers.”
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BVR - 06.05.2014, 12:00:00
URL: https://www.bvr.de/Presse/Alle_Meldungen