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The German Cooperative Financial Group (German: Genossenschaftliche FinanzGruppe Volksbanken Raiffeisenbanken, sometimes referred to in English as "Volksbanken Raiffeisenbanken Cooperative Financial Network") is a major cooperative banking network in Germany that includes local banks named Volksbanken ("people's banks") and Raiffeisenbanken ("Raiffeisen banks"), the latter in tribute to 19th ...
The National Association of German Cooperative Banks (German: Bundesverband der Deutschen Volksbanken und Raiffeisenbanken, BVR) is the umbrella association for the German Cooperative Financial Group. Its origins go back to 1864 as Allgemeiner Verband der auf Selbsthilfe beruhenden Deutschen Erwerbs- und Wirtschaftsgenossenschaften. As of 2015 ...
The societies were pre-cooperative organizations based on the principle of benevolent assistance. To ensure liquidity equalization between the small credit banks, in 1872 Raiffeisen created the first rural central bank at Neuwied, the “Rheinische Landwirtschaftliche Genossenschaftsbank” (Rhenish Agricultural Cooperative Bank). In 1881 ...
This is a list of co-operative banks in Germany according to the information provided by the Bundesverband der Deutschen Volksbanken und Raiffeisenbanken (BVR) umbrella organisation. By late 2008, there were 1,197 co-operative banks in Germany with total assets of €668 billion. German co-operative banks are members of regional organisations.
German Cooperative Financial Group, which includes Volksbanken and Raiffeisenbanken; Raiffeisen Landesbank Südtirol – Cassa Centrale Raiffeisen dell'Alto Adige, South Tyrol, Italy group of cooperative banks; Raiffeisen (Switzerland), Swiss group of cooperative banks; Banque Raiffeisen, Luxembourgish group of cooperative banks
Sparda-Bank West (fusion of Sparda-Banks in Essen, Wuppertal and Cologne) Sparda-Banks are members in the National Association of German Cooperative Banks (BVR) and its protection scheme. Sparda-Banks are together with other banks part of CashPool. A few Sparda-Banks have agreements for a free of charge cash withdrawal at Postbank ATMs. [8]
The European Association of Co-operative Banks (EACB) [1] is a European interest group representing cooperative banks in the European Union (EU) and five non-European countries. Established in 1970, the non-profit association "represents, promotes and defends" [ 2 ] the common interests of its 27 member institutions and 2.500 cooperative banks ...
Volksbank means "people's bank" in Afrikaans, Dutch and German. It generally refers to a form of cooperative banking. Specifically, Volksbank may refer to: Volksbank Group in Austria; Volksbank van Leuven, a now-disappeared bank at the root of KBC Group in Belgium; banks named Volksbank within the German Cooperative Financial Group