Volksbank Gemen eG (Germany)

Address

Neumühlenallee 2, 46325, Borken, Westf, Germany

BIC

GENODEM1BOG

Overview

Business Focus

cooperative retail banking

Volksbank Gemen eG is a cooperative bank owned by its members via shares.Volksbank Gemen 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 2023, Volksbank Gemen eG achieved the position of 952nd largest bank in Germany with a market share of 0.00%; its total assets grew by 0.34%.

Deposit Protection

Deposits up to 100,000 EUR are covered by German deposit guarantee scheme in Volksbank Gemen eG.

Market Share (#952 in Germany)

Ratios

L/D

104.57%

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

Ways to Bank

Volksbank Gemen eG delivered its products and services through both direct and indirect channels, namely:

branch

online banking

mobile app

phone

Financials

Total Assets (2023)

237.32 mln EUR (+0.34%)

Volksbank Gemen eG ranked as the 952nd largest bank in Germany by total assets. In 2023 its total assets were 237.32 mln EUR, representing a 0.00% market share. It was also the 568th largest cooperative bank in Germany, commanding a 0.02% 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

Volksbank Gemen 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

Volksbank Gemen 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.