VR Bank Nord eG

Business Focus
cooperative retail banking

VR Bank Nord eG is a cooperative bank owned by its members via shares. VR Bank Nord eG provides retail banking products and services to its customers focusing on customer requirements and development of local economy, paying special attention to small and medium-sized enterprises (SMEs).

Bank Category

Cooperative banks

Services

retail 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

International Transfers

SWIFT Transfers
SEPA Credit Transfers
SEPA Instant Transfers
SEPA Direct Debits

Ways to Bank

VR Bank Nord eG delivers its products and services through both direct and indirect channels, namely:
branch
online banking
mobile app
phone

Financials

Total Assets of VR Bank Nord eG
Market Share of VR Bank Nord eG
Total Assets (2019)
4,106.67 mln EUR  (+4.85%)

In 2019 total assets of VR Bank Nord eG were 4 106,67 mln EUR. VR Bank Nord eG is the 39th largest cooperative bank in Germany (out of 839 cooperative banks) having market share of 0.42% amongst the banks of this category.

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

VR Bank Nord 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 Depositors
individuals
companies
Covered Accounts
all deposit accounts

VR Bank Nord eG participates in the deposit guarantee scheme of Germany. This deposit guarantee scheme applies to all deposit accounts made by individuals, companies and covers up to up to 100,000 EUR per bank per depositor. VR Bank Nord eG is a member of BVR Institutssicherung GmbH and makes its contributions into it.

Member of Group

 DZ Bank (Germany)

VR Bank Nord eG is a member of DZ Bank (Germany).

Contacts

Friedrich-Ebert-Straße 9, 24937, Flensburg, Germany
12 80

VR Bank Nord eG is located in Flensburg.

Bank Identifiers

BIC (SWIFT)
GENODEF1BDY
LEI
52990089LBIKLBM8YB23
MFI ID
DE03228

Bank History

Previous Name
VR Bank eG