Question 1

What is Spreewaldbank?

Accepted Answer

Spreewaldbank is an independent cooperative bank (Genossenschaftsbank) based in Lübben (Spreewald), Brandenburg, Germany. Part of the Volksbanken-Raiffeisenbanken cooperative financial group, the bank has served the Spreewald region for over 160 years. With approximately 88 employees, 9 branches, and more than 9,100 members, Spreewaldbank operates as the only independent bank in the Spreewald, providing comprehensive banking services to individuals and businesses throughout the region. The bank maintains deep community ties, with approximately one in three Spreewald residents holding an account.

Question 2

When was Spreewaldbank founded?

Accepted Answer

Spreewaldbank traces its origins to October 2, 1860, when 72 citizens met to establish a mutual credit association (Vorschussverein) in Lübben. Business operations began on November 1, 1860, in a small room on the main street, with the first year closing with a balance sheet of 102,000 Reichsmark.

The bank experienced significant growth, reaching 1,000 members by 1910. In 1914, it constructed its headquarters at Poststraße 9, still in use today. The bank was renamed Volksbank in the late 1930s.

Following World War II and German reunification, the bank reclaimed its cooperative identity. In 1993, the Volksbank Lübben and Raiffeisenbank Lübben merged to form Spreewaldbank eG Volksbank-Raiffeisenbank. A further merger in 1998 with Raiffeisenbank Oberspreewald created the modern Spreewaldbank eG.

Question 3

Where is Spreewaldbank headquartered?

Accepted Answer

Spreewaldbank is headquartered in Lübben (Spreewald), Brandenburg, Germany. The main office is located at Poststraße 9/10, 15907 Lübben (Spreewald).

Question 4

Where does Spreewaldbank operate?

Accepted Answer

Spreewaldbank operates throughout the Spreewald region in Brandenburg, maintaining 9 branches and 14 ATMs across the area. The bank serves communities including Lübben, Lübbenau, Vetschau, and surrounding municipalities. Following cooperative banking principles, the bank focuses exclusively on its regional territory, enabling deep understanding of local economic conditions and customer needs. Over 22,000 customers maintain relationships with the bank.

Question 5

What services does Spreewaldbank offer?

Accepted Answer

Spreewaldbank provides comprehensive universal banking services including current accounts, savings accounts, payment cards, consumer loans, mortgage loans, business financing, and agricultural loans. The bank serves retail customers, SMEs, and agricultural enterprises.

Through partnerships within the genossenschaftliche FinanzGruppe Volksbanken-Raiffeisenbanken, the bank offers building savings (Bausparkasse Schwäbisch Hall), investment funds (Union Investment), insurance (R+V Versicherung), leasing (VR Leasing), and specialized financing (TeamBank, DZ Hyp).

Digital services include online banking (netbank) and mobile banking for remote account management. The bank hosts regular community events including agricultural evenings, business breakfasts, education fairs, and an annual prize draw gala (GewinnsparGala).

Question 6

What makes Spreewaldbank unique?

Accepted Answer

Spreewaldbank distinguishes itself as the only independent bank in the Spreewald region, maintaining over 160 years of continuous local presence. Operating as a cooperative (Genossenschaft), the bank is owned by its 9,100+ members, who actively shape its direction according to the principle "what one cannot achieve alone, many can achieve together."

The bank demonstrates strong community engagement, donating approximately €22,000 annually to local causes and sponsoring regional events. With a balance sheet of €604.3 million (2024), Spreewaldbank combines financial stability with personal service. The bank is protected by both the statutory insurance scheme and the voluntary protection scheme of the Bundesverband der Deutschen Volksbanken und Raiffeisenbanken, providing comprehensive deposit protection.

Question 7

What type of financial institution is Spreewaldbank?

Accepted Answer

Spreewaldbank is a cooperative bank (Genossenschaftsbank eG), a distinctly German banking model based on mutual ownership and democratic governance. Registered with the Genossenschaftsregister at Amtsgericht Cottbus (GnR 123), it operates under the Genossenschaftsgesetz (Cooperative Act) and its member-approved statutes. The bank's organs include the Board (Vorstand), Supervisory Board (Aufsichtsrat), and Representative Assembly (Vertreterversammlung). It is supervised by BaFin and participates in the cooperative banking sector's comprehensive protection schemes, ensuring member deposits and institutional stability.

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