Tag: BVR
Volksbanken and Raiffeisenbanken have to write off almost six billion
Maria Kolak According to the BVR President, the high write-downs of the Volksbanks are only temporary (Photo: Uta Wagner for Handelsblatt) Frankfurt The abrupt turnaround in interest rates is weighing…
Digital euro could stress smaller banks
Frankfurt The possible introduction of a digital euro is making the German banking industry nervous. One of the reasons: If too many customers use the digital euro and if this…
Volksbanks dismantle almost 2,000 ATMs
Blasted ATM in Hamburg The wave of ATM demolitions will not decrease in 2023 either. In the first seven weeks of this year there were already around 70. In the…
Volksbanks dismantle almost 2,000 ATMs
Blasted ATM in Hamburg The wave of ATM demolitions will not decrease in 2023 either. In the first seven weeks of this year there were already around 70. In the…
Volksbanks and Raiffeisenbanks want to reform the security system
Volks- und Raiffeisenbank (VR) The German cooperative banks are considering adjusting their security scheme again. It should take the risks of individual financial institutions even more into account. (Photo: imago…
Financial investor EQT gives up plans to join Schufa
Schufa headquarters in Wiesbaden EQT has tried so far to build a minority stake of 20 to 25 percent. The Swedes are now abandoning these plans. (Photo: picture alliance /…
Banks want to be able to raise prices more easily again
Frankfurt, Berlin The German banks and savings banks want to get rid of the approval requirement for fee increases. They are aiming for an amendment to the German Civil Code,…
New business with mortgage lending falls by almost 40 percent
Residential construction in Kiel At the end of 2022, new business in private mortgage lending fell significantly compared to the previous year. In November, the minus was almost 40 percent.…
Some savings banks already exchange Girocards
This does not turn the Girocard into a credit card, it remains a debit card, so payments are debited directly from the account. But online shopping still works. The same…
Some savings banks already exchange Girocards
This does not turn the Girocard into a credit card, it remains a debit card, so payments are debited directly from the account. But online shopping still works. The same…
Many Volksbanks go into a merger
Volksbank-Raiffeisenbank and Sparkasse There are still many mergers among both cooperative banks and savings banks. The shortage of staff could drive mergers in the future. (Photo: IMAGO/Michael Gstettenbauer) Frankfurt There…
Evaluation of customer data: cooperative banks wrestle with data protectionists
Frankfurt In view of more online banking and fewer branch visits, the cooperative banks jump on the trend towards data-driven customer contact and set up their own data company. According…
Cooperative banks are considering increasing their stake in Schufa
Schufa Schufa was founded in 1927 as a “protection group for general loan security”. (Photo: dpa) Frankfurt The German cooperative banks are considering taking over further shares in the credit…
Cooperative banks are considering increasing their stake in Schufa
Schufa Schufa was founded in 1927 as a “protection group for general loan security”. (Photo: dpa) Frankfurt The German cooperative banks are considering taking over further shares in the credit…
Cooperative banks want to take part in the European payment system
Maria Kolak According to the President of the Association of German Volksbanken and Raiffeisenbanken, it is becoming more important to achieve greater independence in Europe. (Photo: Uta Wagner for Handelsblatt)…
Cooperative banks want to take part in the European payment system
Pay by smartphone Through a joint initiative, banks in the EU want to reduce their dependence on US corporations. (Photo: DigitalVision/Getty Images) Frankfurt After lengthy discussions, the Volks- und Raiffeisenbanken…
Mastercard & Visa attack the Girocard in Germany
giro card Around 100 million Girocards (“EC cards”) are in circulation. In many cases, there are changes to international payments because Mastercard’s Maestro function is being phased out. (Photo: dpa)…
Deutsche Bank and Commerzbank want to sell shares.
Schufa Schufa was founded in 1927 as a “protection group for general loan security”. (Photo: dpa) Frankfurt Next chapter in the struggle for the credit agency Schufa: Deutsche Bank and…
The proportion of women on executive boards remains low
savings bank The proportion of women on savings bank boards is increasing only minimally. (Photo: imago/Winfried Rothermel) Frankfurt The proportion of women on savings bank boards remains at a low…
More and more Germans are running out of money to save
Shopping street in Dusseldorf German consumers are suffering from the price increases. (Photo: IMAGO/Michael Gstettenbauer) Frankfurt Whether for everyday goods such as food, energy or other consumer goods: the drastic…