Volksbank in Südwestfalen eG

Business Focus
cooperative retail banking

Volksbank in Südwestfalen eG is a cooperative bank owned by its members via shares. Volksbank in Südwestfalen 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

Products and Services

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

Ways to Bank

Volksbank in Südwestfalen eG delivers its products and services through both direct and indirect channels, namely:
branch
online banking
mobile app
phone

Financials

Total Assets (2018)
3,671.61 mln EUR  (+73.57%)

In 2018 total assets of Volksbank in Südwestfalen eG were 3 671,61 mln EUR. Volksbank in Südwestfalen eG is the 43rd largest cooperative bank in Germany (out of 873 cooperative banks) having market share of 0.40% 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

Volksbank in Südwestfalen 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

Volksbank in Südwestfalen 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. Volksbank in Südwestfalen eG is a member of BVR Institutssicherung GmbH and makes its contributions into it.

Member of Group

 DZ Bank (Germany)

Volksbank in Südwestfalen eG is a member of DZ Bank (Germany).

Contacts

Berliner Straße 39, 57072, Siegen, Germany
2866

Volksbank in Südwestfalen eG is located in Siegen.

Bank Identifiers

BIC (SWIFT)
GENODEM1NRY
LEI
529900LJ5O50S0F8P012
MFI ID
DE02924

Bank History

Previous Name
Volksbank im Märkischen Kreis eG