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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.

Members were also honored at the meeting for their loyalty. (Photo: bank)

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.

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The board of directors reported in detail on the earnings situation of the institute. Despite the sharp increase in business volume, the surplus has remained almost stable over the past decade and was EUR 196,900 for 2021. The meeting then passed the unanimous resolution to pay a dividend of 3 percent.

The cooperative bank increased its membership by 39 people to 2,894 in 2021. A sign of the special commitment of the Volksbank for its members and the region is the support of a number of clubs and initiatives, kindergartens and schools with over 42,000 euros, as is emphasized in the review. Of this, 15,000 euros also benefited the people affected by the flood disaster on the Ahr.

The members voted in retrospect to express their support for the 2021 business policy. The annual financial statements were approved unanimously and the actions of the Management Board and Supervisory Board were approved. There was also agreement on the elections to the Supervisory Board. Peter Benner from Elkenroth and Bernd Koch from Hachenburg were elected to the control committee for a further three years. (PM)

The following were named and honored for their 50 years of loyalty to their Volksbank:

Peter Blocker, Kaunas; Willi Bhmer, Gebhardshain; Holger Geske, Gebhardshain; Siegfried Hpke, Luckenbach; Wilhelm Hsch, Malberg; Ulrich Mann, Rosenheim; Bruno Rymarczyk, Knowledge; Ottmar Stefan Schumacher, Rosenheim; Konrad Seibert, Rosenheim and Gnter Schuster from Nauroth.
For 60 years, Hans-Georg Brass, Gebhardshain; Theo Bdenhlzer, Gebhardshain; Heribert Diedershagen, Rosenheim; Werner Meurer, Gebhardshain; the cath. Parish of Rosenheim and the Raiffeisen Waren-Zentrale Rhein-Main eG, Kln connected to the Volksbank Gebhardshain.

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