Tag: people’s banks
What will change for bank customers?
card payment Newly issued giro cards will soon no longer have a Maestro function. (Photo: IMAGO/Shotshop) Frankfurt Consumers in Germany are increasingly paying with the Girocard, better known by its…
What will change for bank customers?
card payment Newly issued giro cards will soon no longer have a Maestro function. (Photo: IMAGO/Shotshop) Frankfurt Consumers in Germany are increasingly paying with the Girocard, better known by its…
“First steps” in ATM protection
ATM blown up When this ATM was blown up in Hanover in March, parts of the Deutsche Bank branch were severely damaged. (Photo: IMAGO/Bernd Günther) Frankfurt The Federal Ministry of…
Volksbanks and Raiffeisenbanks are changing their security system
People’s Bank The Volks- und Raiffeisenbanken have voted for a reform of their security system. This should not increase the total payments. (Photo: imago images/Michael Gstettenbauer) Frankfurt The German Volks-…
Banks will continue to issue Girocards with a Maestro function for the time being
The Maestro logo can still be found on many Girocards Mastercard is phasing out the Maestro feature for international payments. The banks have to convert their Girocards from July, Deutsche…
Around 15 million Girocards will be able to go online
savings bank Six savings banks have already started or completed the conversion to Girocards with an additional Mastercard function. (Photo: SZ Photo) Frankfurt In the next six months, many Sparkasse…
Portfolio of mortgage lending falls for the first time in eleven years
Residential construction in the new development area in Duisburg Demand for real estate loans collapsed in the first quarter of 2023. The loan portfolio at the savings banks is now…
Savings banks and Volksbanks are considering bonding technology
Blasted ATM In 2022, almost 500 ATMs in Germany were blown up, more than ever before. (Photo: IMAGO/Jochen Tack) Frankfurt The first savings banks and Volksbanks are considering using the…
Savings banks and Volksbanks are considering new technology to protect ATMs
Blasted ATM In 2022, almost 500 ATMs in Germany were blown up, more than ever before. (Photo: IMAGO/Jochen Tack) Frankfurt The first savings banks and Volksbanks are considering using the…
Overdraft interest increases significantly more than call money interest
People’s Bank and Savings Bank At least 43 percent of German banks do not pay any interest on call money, and the proportion is slightly higher for cooperative banks and…
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…
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…
Pre-tax profit at 1.8 billion euros
Headquarters of DZ Bank in Frankfurt’s Westend Tower For the current year, the DZ Bank Group expects a result of 1.5 to 2 billion euros. (Photo: dpa) Frankfurt The cooperative…
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…
Banks feel the slump in the real estate market
Frankfurt The slump in the residential real estate market is leaving its mark on the balance sheets of banks and savings banks. The bottom line is that the portfolio of…
Why many banks and savings banks have not yet paid any interest
Dialogue at the bank counter Financial institutions are currently benefiting from lazy customers. (Photo: E+/Getty Images) Frankfurt The majority of Germans have not yet benefited from the change in monetary…
How a small Raiffeisen bank rebels
Head office of the Raiffeisenbank Hochtaunus The management does a few things there differently than other cooperative banks. (Photo: PR) Frankfurt Raiffeisenbank Hochtaunus likes to step out of line. Last…
The banks are moving, but slowly
Dialogue at the bank counter Financial institutions are currently benefiting from lazy customers. (Photo: E+/Getty Images) Frankfurt The majority of Germans have not yet benefited from the change in monetary…