Raiffeisen-Volksbank Kronach-Ludwigsstadt eG

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Raiffeisen-Volksbank Kronach-Ludwigsstadt eG Logo

Address

Hirtengasse 2, 96317, Kronach, Germany

BIC

GENODEF1KC1

Overview

Business Focus

cooperative retail banking

Raiffeisen-Volksbank Kronach-Ludwigsstadt eG is a cooperative bank owned by its members via shares.Raiffeisen-Volksbank Kronach-Ludwigsstadt eG provides retail banking products and services to its customersfocusing on customer requirements and development of local economy, paying special attention tosmall and medium-sized enterprises (SMEs).

Performance

In 2016, Raiffeisen-Volksbank Kronach-Ludwigsstadt eG achieved the position of 1000th largest bank in Germany with a market share of 0.01%; its total assets dropped by 2.21%.

Deposit Protection

Deposits up to 100,000 EUR are covered by German deposit guarantee scheme in Raiffeisen-Volksbank Kronach-Ludwigsstadt eG.

Services

retail banking
business banking
insurance

Clients

natural persons
small- and medium-sized enterprises
companies

Products

current accounts
debit cards
credit cards
savings accounts
time deposit accounts
pension plans
consumer loans
car loans
mortgage loans
trading accounts

Card Providers

VisaMasterCard

See Also

Ways to Bank

Raiffeisen-Volksbank Kronach-Ludwigsstadt eG delivered its products and services through both direct and indirect channels, namely:
branch branch
online banking online banking
mobile app mobile app
phone phone

Financials

Total Assets of Raiffeisen-Volksbank Kronach-Ludwigsstadt eG
Market Share of Raiffeisen-Volksbank Kronach-Ludwigsstadt eG
Total Assets (2016)
423.56 mln EUR   (-2.21%)

Raiffeisen-Volksbank Kronach-Ludwigsstadt eG ranked as the 1000th largest bank in Germany by total assets. In 2016 its total assets were 423.56 mln EUR, representing a 0.01% market share. It was also the 474th largest cooperative bank in Germany, commanding a 0.05% share among cooperative banks.

Credit Ratings

Fitch: AA-
AAA
AA+, AA, AA-
A+, A, A-
BBB+, BBB, BBB-
BB+, BB, BB-
B+, B, B-
CCC, CC, C, RD, D
Moodys: -
Aaa
Aa1, Aa2, Aa3
A1, A2, A3
Baa1, Baa2, Baa3, Baa4
Ba1, Ba2, Ba3
B1, B2, B3
Caa1, Caa2, Caa3, Ca

Raiffeisen-Volksbank Kronach-Ludwigsstadt eG is rated by Fitch. Long-term credit rating assigned to the bank by Fitch is AA- (very high credit quality).

Deposit Guarantee

Protected Amount
up to 100,000 EUR
Guarantee Fund
BVR Institutssicherung GmbH
Covered Accounts
all deposit accounts
Eligible Depositors
individuals
companies

Raiffeisen-Volksbank Kronach-Ludwigsstadt eG protects deposits up to up to 100,000 EUR per depositor through Germany's deposit guarantee scheme. The scheme applies to all deposit accounts made by individuals, companies. The bank participates in the BVR Institutssicherung GmbH, making regular contributions into it.

See Also

Member of Group

 DZ Bank (Germany)

Raiffeisen-Volksbank Kronach-Ludwigsstadt eG is a member of DZ Bank (Germany).

Contacts

addressHirtengasse 2, 96317, Kronach, Germany
po box1654

Raiffeisen-Volksbank Kronach-Ludwigsstadt eG was located in Kronach.

Bank Identifiers

BIC (SWIFT)
GENODEF1KC1
MFI ID
DE03723

Bank History

Close Date
June 2017
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