Bundesverband der Deutschen Volksbanken und Raiffeisenbanken
The Bundesverband der Deutschen Volksbanken und Raiffeisenbanken (Federal Association of German 'Volksbanken und Raiffeisenbanken' Co-operative Banks) is the association of co-operative banks in Germany. The co-operative branch of the German banking industry includes banks of the "Volksbanken" type (literally people's banks
People's Bank
People's Bank, or variations such as People's State Bank or People's National Bank Building, may refer to:in Austria*Volksbank, Central European retail bank headquartered in Austriain China...

 - co-operatives originally created by a local population often based in a town), banks of the "Raiffeisenbanken" type (banks based on initiatives by Friedrich Wilhelm Raiffeisen
Friedrich Wilhelm Raiffeisen
Friedrich Wilhelm Raiffeisen was a German mayor and cooperative pioneer. Several credit union systems and cooperative banks have been named after Raiffeisen, who pioneered rural credit unions.- Life :...

 who was pioneering farmer credit union
Credit union
A credit union is a cooperative financial institution that is owned and controlled by its members and operated for the purpose of promoting thrift, providing credit at competitive rates, and providing other financial services to its members...

s), the Sparda-bank (originally the co-operative savings bank of railroad workers), the regional PSD-banks (originally the credit union for postal service workers), various ecclesiastical banks and a number of special trades banks. Along with other branches (e.g. German public banks
German public banks
The German banking system is structured in three different pillars, totally separated from each other.Was Banken leisten publisher: Bundesverband deutscher Banken, Berlin 2010, P.15.; accessed: 13.06.2011 They typically differ in their legal form and the ownershipPrivate Banks, represented by banks...

) the association is member of the Central Credit Committee
Central Credit Committee
The Central Credit Committee is an industry association of the German banking industry. Its decisions are held normative for the national banking sector – either directly by interbank treaties or indirectly by preparing a corresponding ministerial or Bundesbank decision.- Structure :The Central...

 governing the banking industry in Germany. The Bundesverband has taken the form of Eingetragener Verein
Eingetragener Verein
Eingetragener Verein is a legal status for a registered voluntary association in Germany and Austria. While any group may be called a Verein, registration as eingetragener Verein holds many legal benefits because a registered association may legally function as a corporate body rather than just...


The federal association was created in 1972 by merging three predecessors mainly by merging their deposit protection funds and their history archives - the co-operatives themselves are autonomous. The Cooperative Financial Services Network includes the co-operative central bank - the Deutsche Zentralgenossenschaftbank - and other central credit institutions like WGZ-Bank, Bausparkasse Schwabisch Hall, R + V - Versicherungsgruppe, Union-Investment-Gruppe and Deutsche Genossenschafts-Hypothekenbank AG. Since 1979 the co-operatives created a concept of a universal bank (commercial bank
Commercial bank
After the implementation of the Glass–Steagall Act, the U.S. Congress required that banks engage only in banking activities, whereas investment banks were limited to capital market activities. As the two no longer have to be under separate ownership under U.S...

) from which a later corporate identity of the "Volksbanken und Raiffeisenbanken" banks developed (abbreviated "VR") that is now shared by most associated banks. The German federal association of co-operative banks is member of the European Association of Co-operative Banks
European Association of Co-operative Banks
The European Association of Co-operative Banks is the supranational body for co-operative banks, with member national governing bodies in 23 countries and an associate member in Switzerland....


Regional Associations

  • Baden-Württembergischer Genossenschaftsverband e.V. (BWGV)
  • Genossenschaftsverband Bayern e.V. (GVB)
  • Genossenschaftsverband e.V. (GV) (Berlin/Hessen/Norddeutschland/Rheinland-Pfalz/Saarland/Sachsen/Sachsen-Anhalt/Thüringen)
  • Rheinisch-Westfälischer Genossenschaftsverband e.V. (RWGV)
  • Genossenschaftsverband Weser-Ems e.V. (GVWE)
  • Verband der PSD Banken
  • Verband der Sparda-Banken

Service Incorporations

  • CardProcess GmbH
  • F-Call AG
  • Fiducia IT AG
    Fiducia IT AG
    The Fiducia IT AG is the largest IT services provider in the cooperative financial system in Germany. The core business of the Fiducia Group is the provision of IT services for credit unions and enterprises in the financial grouping as well as for private banks...

  • GAD eG, IT Services for Banks
  • IT-Chain GmbH
  • ORGA Gesellschaft für automatische Datenverarbeitung mbH
  • TSG Technologie Services GmbH
  • VR-Netze GmbH
The source of this article is wikipedia, the free encyclopedia.  The text of this article is licensed under the GFDL.