Question 1

What is Volksbank Geeste-Nord?

Accepted Answer

Volksbank Geeste-Nord is a cooperative bank (Genossenschaftsbank) owned by its members via shares. It operates in the Schiffdorf region of Germany, focusing on retail and business banking services for individuals and small to medium-sized enterprises (SMEs). As of 2023, the bank held total assets of approximately 243.93 million EUR, making it the 1031st largest bank in Germany and the 560th largest cooperative bank in the country.

The bank is a member of the BVR Institutssicherung GmbH deposit guarantee scheme and operates under the DZ Bank cooperative banking group. It holds an AA- credit rating from Fitch, indicating very high credit quality.

Question 2

When was Volksbank Geeste-Nord founded?

Accepted Answer

[Information not publicly available]

Question 3

Where is Volksbank Geeste-Nord headquartered?

Accepted Answer

Volksbank Geeste-Nord is headquartered in Schiffdorf, Germany, at Leher Str. 56, 27619 Schiffdorf.

Question 4

Where does Volksbank Geeste-Nord operate?

Accepted Answer

The bank operates three service locations (Servicestellen) in the Lower Saxony region of northern Germany. These branches are located in Spaden (Schiffdorf), Debstedt (Geestland), and Neuenwalde (Geestland), serving local communities and businesses in these areas.

Question 5

What services does Volksbank Geeste-Nord offer?

Accepted Answer

Volksbank Geeste-Nord provides comprehensive retail and business banking services. For retail customers, the bank offers current accounts, debit cards, credit cards, savings accounts, time deposit accounts, pension plans, consumer loans, car loans, and mortgage loans.

Business customers can access business banking services, trading accounts, and specialized financing for SMEs. The bank also offers insurance products through partnerships.

Digital services include online banking via laptop or PC, the VR-Banking mobile app, and TAN verification methods such as VR SecureGo Plus app and Smart TAN generators. Additional services include a call center, ATMs with cash withdrawal and deposit functionality, account statement printers, and coin counting machines.

Question 6

What makes Volksbank Geeste-Nord unique?

Accepted Answer

As a cooperative bank, Volksbank Geeste-Nord is owned by its members, allowing customers to become shareholders and participate in the bank's governance. The bank emphasizes its commitment to being "personal, flexible, and local" (persönlich, flexibel und vor Ort), focusing on customer requirements and the development of the local economy.

The bank maintains a strong focus on SME financing, with loans to customers growing by 7.32% in 2023 to reach 199.7 million EUR. Its membership in the BVR deposit guarantee scheme provides enhanced depositor protection beyond the standard 100,000 EUR coverage.

Question 7

What type of financial institution is Volksbank Geeste-Nord?

Accepted Answer

Volksbank Geeste-Nord is a Genossenschaftsbank (cooperative bank), which is a member-owned credit institution common in Germany. As a cooperative bank, it operates under the principles of self-help, self-responsibility, and self-administration.

The bank is registered as a credit institution (CRDCREINS) with the European Banking Authority and is supervised by BaFin (Bundesanstalt für Finanzdienstleistungsaufsicht), Germany's federal financial supervisory authority. It participates in the German cooperative banking network through its membership in DZ Bank.

Volksbank Geeste-Nord

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About Volksbank Geeste-Nord in Germany