Volksbank Gebhardshain: “Well and solidly developed”

Press release from 06/20/2022

Challenges have been successfully met, the conservative and sustainable course continued – in addition, cooperative banks are fundamentally an anchor of stability for the economy: Volksbank Gebhardshain apparently has every reason to be happy. At least that’s what you can see from their review of the General Assembly.

Gebhardshain. The balance sheet total could be increased, the dividend for loans and deposits is 3 percent with this main message the Volksbank Gebhardshain comes up with the review of their current general meeting. This fits the conclusion of Bernd Koch, Chairman of the Supervisory Board, in his opening remarks: We have successfully met the challenges, conducted business with prudence and continued on our conservative and sustainable course. And Management Board member Manuel Weber emphasized: In these difficult years, the cooperative banks proved to be an anchor of stability for the economy in Germany. And: We were there when it came to tailor-made financing solutions for our corporate customers, including public Corona funding. Whether in the branch or from the home office, whether digitally or personally, we have always been there for our customers as a reliable financial partner.
The trend towards online banking has been strengthened by Corona, as Weber also notes. As a result, the number of customers who are served by employees on site is steadily declining. This is especially true for classic services such as withdrawing money or making transfers.

Stefan Kronimus then focused on the economic development of the bank in his Management Board report. Against the background of the corona pandemic, the low interest rates that continue to plague the financial markets, the high burden of banking regulation and increasing digitization, we were on the whole successful. The balance sheet total increased by around 10 million euros or 5.7 percent. The main reason for this development was the further increase in the volume of customer loans, which was lagged behind by the growth in customer deposits.

Kronimus also had good news with regard to the total customer volume under management. It includes all of the deposits and loans maintained in-house, as well as the products managed by the network partners, such as Bausparkasse Schwbisch-Hall, R+V Versicherung, the fund company Union Investment and the mortgage banks DZ-Hyp and MHB. According to the Bank’s review, the total customer volume increased by EUR 27 million or 8 percent to EUR 365.3 million. In a long-term comparison, the increase was almost 92 percent. The managed volume has almost doubled in the last eleven years, Kronimus continues.