Created by Anna Mileiko 
Volksbank Niedersachsen-Mitte eG is a cooperative bank owned by its members via shares.Volksbank Niedersachsen-Mitte 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).
In 2023, Volksbank Niedersachsen-Mitte eG achieved the position of 432nd largest bank in Germany with a market share of 0.03%; its total assets grew by 2.61%.
Deposits up to 100,000 EUR are covered by German deposit guarantee scheme in Volksbank Niedersachsen-Mitte eG.
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In 2024 total assets of Volksbank Niedersachsen-Mitte eG were 3,503.35 mln EUR. Volksbank Niedersachsen-Mitte eG is the 85th largest cooperative bank in Germany, commanding a 0.32% share among cooperative banks.
Volksbank Niedersachsen-Mitte eG is rated by Fitch. Long-term credit rating assigned to the bank by Fitch is AA- (very high credit quality).
Volksbank Niedersachsen-Mitte 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.
DZ Bank (Germany)Volksbank Niedersachsen-Mitte eG is a member of DZ Bank (Germany).
Lange Straße 74, 27318, Hoya, Weser, Germany
1260Volksbank Niedersachsen-Mitte eG is located in Hoya, Weser.
VisaMasterCardVolksbank Niedersachsen-Mitte eG provides products and services in the areas of retail banking, business banking, insurance. Volksbank Niedersachsen-Mitte eG offers a range of products including current accounts, debit cards, credit cards, savings accounts, time deposit accounts, pension plans, consumer loans, car loans, mortgage loans, trading accounts. Volksbank Niedersachsen-Mitte eG makes its solutions available to natural persons, small- and medium-sized enterprises, companies.
branch online banking mobile app phoneProducts and services offered by Volksbank Niedersachsen-Mitte eG are available at its branches and via its online banking system, mobile application, call center.
In 2024 total assets of Volksbank Niedersachsen-Mitte eG were 3,503.35 mln EUR. Growth compared to the previous period (2023) was 51.18%. The evolution of the total assets of Volksbank Niedersachsen-Mitte eG is shown at Chart 1 below.
Chart 1. Total Assets of Volksbank Niedersachsen-Mitte eG.
Recent changes in total assets of Volksbank Niedersachsen-Mitte eG and its main components are shown in Table 1.
| 2023 | 2024 | change (%) | |
|---|---|---|---|
| Loans to customers | 1,505.3 | 2,156.7 | +43.27% |
| Total Assets | 2,317.4 | 3,503.4 | +51.18% |
Table 1. Recent changes in total assets of Volksbank Niedersachsen-Mitte eG (mln EUR).
Recent changes in total liabilities of Volksbank Niedersachsen-Mitte eG and its main components are shown in Table 2.
| 2023 | 2024 | change (%) | |
|---|---|---|---|
| Deposits | 1,624.9 | 2,532.7 | +55.87% |
| Total Liabilities | 2,317.4 | 3,503.4 | +51.18% |
Table 2. Recent changes in total liabilities of Volksbank Niedersachsen-Mitte eG (mln EUR).
In 2024 Volksbank Niedersachsen-Mitte eG was ranked the 85th largest cooperative bank in Germanyin terms of total assets, having 0.32% of the category's market share.
Chart 2. Market share of Volksbank Niedersachsen-Mitte eG (among Cooperative Banks in Germany)
TheBanks.eu identified several banks cooperative banks having the market shares and ranks closest to Volksbank Niedersachsen-Mitte eG listed below.
| Rank | Name | Market % | Total Assets |
|---|---|---|---|
| 84 | | 0.32% | 3,578.92 mln EUR (+4.21%) |
| 85 | | 0.32% | 3,503.35 mln EUR (+51.18%) |
| 86 | | 0.31% | 3,435.71 mln EUR (+4.81%) |
In 2023 Volksbank Niedersachsen-Mitte eG was ranked the 432nd largest bank in Germanyin terms of total assets, having 0.03% of the domestic market share.
Chart 3. Market share of Volksbank Niedersachsen-Mitte eG (among banks in Germany)
Historical changes in Volksbank Niedersachsen-Mitte eG's domestic rank and market share over 2019-2023 are shown below:
| Year | Rank | Market % |
|---|---|---|
| 2023 | 432 | 0.03 % |
| 2022 | 442 | 0.03 % |
| 2021 | 449 | 0.03 % |
| 2020 | 654 | 0.02 % |
| 2019 | 661 | 0.02 % |
TheBanks.eu identified several banks banks having the market shares and ranks closest to Volksbank Niedersachsen-Mitte eG listed below.
| Rank | Name | Market % | Total Assets |
|---|---|---|---|
| 431 |  | 0.03% | 2,317.94 mln EUR (+1.03%) |
| 432 | | 0.03% | 3,503.35 mln EUR (+51.18%) |
| 433 | | 0.03% | 2,309.68 mln EUR (-3.27%) |
Volksbank Niedersachsen-Mitte eG has received a rating from Fitch, a major credit rating agency. This rating assesses the institution's financial stability and creditworthiness.
| Rating Category / Outlook | Value |
|---|---|
| Long-Term Issuer Default Rating | AA- (very high credit quality) |
| Outlook | stable |
| On Watch | No |
| Short-Term Issuer Default Rating | F1+ (highest short-term credit quality) |
| Viability Rating | - |
| Support Rating | - |
| Support Rating Floor | - |
The long-term issuer rating measures the bank’s ability tomeet its financial obligations, while the short-term rating reflects itsshort-term creditworthiness. The stable outlook means Fitch does not expect this rating to change in the near future.
Discover key identifiers of Volksbank Niedersachsen-Mitte eG including its BIC, LEI, MFI ID.
BIC: GENODEF1SUL
The BIC (also known as SWIFT code) for Volksbank Niedersachsen-Mitte eG is GENODEF1SUL. It is used in financial transactions like cross-border and SEPA payments, and helps identify the bank in global banking systems.
| Key | Value |
|---|---|
| BIC | GENODEF1SUL |
| Bank BIC Code | GENO |
| Country Code | DE (Germany) |
| Location Code | F1 |
| Branch Code | SUL |
LEI: 529900O7YJPVJF9ZTH14
Volksbank Niedersachsen-Mitte eG’s LEI is 529900O7YJPVJF9ZTH14. This code is critical for verifying the institutions’s legal identity in financial markets and is used for regulatory reporting and risk management.
| Key | Value |
|---|---|
| LEI | 529900O7YJPVJF9ZTH14 |
| LOU Identifier | 5299 |
| Reserved | 00 |
| Entity Identifier | O7YJPVJF9ZTH |
| Verification ID | 14 |
MFI ID: DE01567
Volksbank Niedersachsen-Mitte eG’s MFI ID, DE01567, is assigned by the European Central Bank to identify the institution within the EU's financial system. The first two digits represent Germany (DE), followed by the institutions's internal ID.
| Key | Value |
|---|---|
| MFI ID | DE01567 |
| Country Code | DE |
| MFI Code | 01567 |
TheBanks.eu identified several banks similar to Volksbank Niedersachsen-Mitte eG based on various criteria, including:
