Volksbanken und Raiffeisenbanken
Encyclopedia
Volksbanken und Raiffeisenbanken is a brand of the co-operative banks in Germany. "Volksbank" derives from People's Bank
institutes (co-operatives originally created by a local population often based in a town) and "Raiffeisenbanken" refers to banks founded on initiatives by Friedrich Wilhelm Raiffeisen
(who was pioneering farmer credit unions). Many co-operative banks in Germany have either "Volksbank" or "Raiffeisenbank" in their name – the nation-wide services and associations in the co-operative branch of the German financing industry used the compound of the plurals of these words (Volksbanks and Raiffeisenbanks).
The national association is the Bundesverband der Deutschen Volksbanken und Raiffeisenbanken
.
(Federal Association of German 'Volksbanken und Raiffeisenbanken' Co-operative Banks) has introduced the "FinanzVerbund" (translated by the association as "Cooperative Financial Services Network") or Finanzverbund Volksbanken Raiffeisenbanken combining a number of subsidiaries.
Note how some financial institutes use variants of the Volksbanken und Raiffeisenbanken brand, its abbreviation "VR" or the older brand "R+V" (spoken as "R and V" referring to Raiffeisen and Volksbank). The scheme of a corporate identity
and a franchise market where a brand and product structure is licensed, that is a modern invention that came about long after most co-operatives where founded so that many financial institutes continue with their historic name. Nevertheless most of the co-operative financial institutes have changed to the blue-orange color of the Volksbanken und Raiffeisenbanken brand (only Schwäbisch-Hall continues with its traditional red-yellow logo).
headquartered in Austria. Likewise 'Raiffeisen
' is more generic than banks and it is often used in other co-operation types in the farming industry, see Deutscher Genossenschafts-und Raiffeisenverband
.
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...
institutes (co-operatives originally created by a local population often based in a town) and "Raiffeisenbanken" refers to banks founded 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 unions). Many co-operative banks in Germany have either "Volksbank" or "Raiffeisenbank" in their name – the nation-wide services and associations in the co-operative branch of the German financing industry used the compound of the plurals of these words (Volksbanks and Raiffeisenbanks).
The national association is the Bundesverband der Deutschen Volksbanken und Raiffeisenbanken
Bundesverband der Deutschen Volksbanken und Raiffeisenbanken
The Bundesverband der Deutschen Volksbanken und Raiffeisenbanken is the association of co-operative banks in Germany...
.
FinanzVerbund
The Bundesverband der Deutschen Volksbanken und RaiffeisenbankenBundesverband der Deutschen Volksbanken und Raiffeisenbanken
The Bundesverband der Deutschen Volksbanken und Raiffeisenbanken is the association of co-operative banks in Germany...
(Federal Association of German 'Volksbanken und Raiffeisenbanken' Co-operative Banks) has introduced the "FinanzVerbund" (translated by the association as "Cooperative Financial Services Network") or Finanzverbund Volksbanken Raiffeisenbanken combining a number of subsidiaries.
- Bausparkasse Schwäbisch Hall – cooperative building society / home loan bank
- R+V Versicherung – one of the largest insurance groups in Germany
- Union Investment Gruppe – investment fund society
- easyCredit – consumer credit brand of the co-operative TeamBank
- DZ BankDZ BankDZ Bank AG is an acronym for Deutsche Zentral-Genossenschaftbank . DZ Bank is the fourth largest bank in Germany by asset size and the central institution for more than 900 co-operative banks and their 12,000 branch offices...
– central bank of the co-operative branch in Germany - WGZ BankWGZ BankThe WGZ Bank is the umbrella organization of some 230 cooperative financial institutions in the Rhineland and in Westphalia. It is based in Düsseldorf...
– regional central bank for Northrine-Westfalia - DG Hyp – biggest of the investment in property / mortgage bank
- Münchener Hypothekenbank – the only co-operative mortgage bank
- WL Bank – "Westfälische Landschaft Bodenkreditbank", the mortgage bank subsidiary of the WGZ Bank
- VR Leasing – leasing bank in the VR Finanzverbund
Note how some financial institutes use variants of the Volksbanken und Raiffeisenbanken brand, its abbreviation "VR" or the older brand "R+V" (spoken as "R and V" referring to Raiffeisen and Volksbank). The scheme of a corporate identity
Corporate identity
In Corporate Communications, a corporate identity is the "persona" of a corporation which is designed to accord with and facilitate the attainment of business objectives...
and a franchise market where a brand and product structure is licensed, that is a modern invention that came about long after most co-operatives where founded so that many financial institutes continue with their historic name. Nevertheless most of the co-operative financial institutes have changed to the blue-orange color of the Volksbanken und Raiffeisenbanken brand (only Schwäbisch-Hall continues with its traditional red-yellow logo).
See also
The 'Volksbanken und Raiffeisenbanken' group in Germany should not be confused with the 'Volksbank' institutes (people's bank) in other countries, especially the Volksbank groupVolksbank
Volksbank was founded in 1850 and is a retail bank in Central Europe based in Vienna, Austria. It currently operates in Austria, Germany, Bosnia and Herzegovina, Croatia, the Czech Republic, Hungary, Malta, Romania, Serbia, Slovakia, Slovenia and Ukraine.There are also 1,156 independent local...
headquartered in Austria. Likewise 'Raiffeisen
Raiffeisen
Raiffeisen Zentralbank is a co-operative bank based and founded in Austria and operating throughout central and eastern Europe. The bank has been led by Walter Rothensteiner since 2003.-Overview:...
' is more generic than banks and it is often used in other co-operation types in the farming industry, see Deutscher Genossenschafts-und Raiffeisenverband
Deutscher Genossenschafts-und Raiffeisenverband
The Deutsche Genossenschafts- und Raiffeisenverband e.V. is the Co-operative federation for German Co-operatives.Since 1972, the federation has been based in Berlin. Berlin. It came out from the union of the two co-operative central associations at that time of Deutscher Raiffeisenverband and the...
.