Vereinigte Volksbank Raiffeisenbank eG (Simmern, Hunsrück)

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Vereinigte Volksbank Raiffeisenbank eG Logo

Address

Am Schloßplatz 2, 55469, Simmern, Hunsrück, Germany

BIC

GENODED1KHK

Overview

Business Focus

cooperative retail banking

Vereinigte Volksbank Raiffeisenbank eG (Simmern, Hunsrück) is a cooperative bank owned by its members via shares.Vereinigte Volksbank Raiffeisenbank eG (Simmern, Hunsrück) 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, Vereinigte Volksbank Raiffeisenbank eG (Simmern, Hunsrück) achieved the position of 288th largest bank in Germany with a market share of 0.04%; its total assets grew by 13.77%.

Deposit Protection

Deposits up to 100,000 EUR are covered by German deposit guarantee scheme in Vereinigte Volksbank Raiffeisenbank eG (Simmern, Hunsrück).

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

International Transfers

SWIFT Transfers
SEPA Credit Transfers
SEPA Instant Transfers
SEPA Direct Debits
SEPA Direct Debits B2B

See Also

Ways to Bank

Vereinigte Volksbank Raiffeisenbank eG (Simmern, Hunsrück) delivers 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 Vereinigte Volksbank Raiffeisenbank eG (Simmern, Hunsrück)
Market Share of Vereinigte Volksbank Raiffeisenbank eG (Simmern, Hunsrück)
Total Assets (2023)
3,205.52 mln EUR   (+13.77%)

Vereinigte Volksbank Raiffeisenbank eG (Simmern, Hunsrück) ranks as the 288th largest bank in Germany by total assets. In 2023 its total assets were 3,205.52 mln EUR, representing a 0.04% market share. It is also the 92nd largest cooperative bank in Germany, commanding a 0.29% 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

Vereinigte Volksbank Raiffeisenbank eG (Simmern, Hunsrück) 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

Vereinigte Volksbank Raiffeisenbank eG (Simmern, Hunsrück) 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)

Vereinigte Volksbank Raiffeisenbank eG (Simmern, Hunsrück) is a member of DZ Bank (Germany).

Contacts

addressAm Schloßplatz 2, 55469, Simmern, Hunsrück, Germany
po box120

Vereinigte Volksbank Raiffeisenbank eG (Simmern, Hunsrück) is located in Simmern, Hunsrück.

Bank Identifiers

BIC (SWIFT)
GENODED1KHK
LEI
529900JSU6NM3BXV4A64
MFI ID
DE03114

Bank History

Previous Name
Volksbank Hunsrück-Nahe eG
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