Question 1

What is VR Bank Mittlere Oberpfalz?

Accepted Answer

VR Bank Mittlere Oberpfalz is a German cooperative bank (Genossenschaftsbank) serving the Middle Upper Palatinate region of Bavaria. Based in Nabburg, the bank resulted from the 2013 merger of Raiffeisenbank im Naabtal eG and VR Bank Burglengenfeld eG. With approximately 210 employees and 20 trainees, the bank serves nearly 53,000 customers, including approximately 19,900 member-owners. As of 2021, the bank maintained total assets of approximately 1.28 billion EUR.

Question 2

When was VR Bank Mittlere Oberpfalz founded?

Accepted Answer

The current VR Bank Mittlere Oberpfalz was formed through the merger of two established cooperative banks that completed on the authorization date of November 20, 2013. However, the institution's roots extend much further back through its predecessor banks, which trace their origins to various 19th and early 20th century local Raiffeisen and Volksbank cooperatives that served individual communities throughout the Middle Upper Palatinate region.

These predecessor institutions underwent numerous consolidations over the decades before forming the entities that eventually merged in 2013 to create today's VR Bank Mittlere Oberpfalz.

Question 3

Where is VR Bank Mittlere Oberpfalz headquartered?

Accepted Answer

The bank is headquartered in Nabburg, Bavaria, Germany, located in the Upper Palatinate (Oberpfalz) administrative district.

Question 4

Where does VR Bank Mittlere Oberpfalz headquartered?

Accepted Answer

VR Bank Mittlere Oberpfalz operates 14 full-service branches and 2 self-service locations throughout the Schwandorf district in Bavaria. The business territory extends from Wernberg in the north to Leonberg in the south, and from Knölling in the west to Winklarn in the east.

Branch locations include Burglengenfeld, Leonberg, Maxhütte-Haidhof, Nabburg, Oberviechtach, Pfreimd, Schmidgaden, Schwarzenfeld, Schwandorf, Teublitz, Teunz, Tännesberg, Wernberg, and Winklarn, with self-service facilities at Naabtalcenter and Ponholz.

Question 5

What services does VR Bank Mittlere Oberpfalz offer?

Accepted Answer

The bank provides comprehensive banking services for retail customers and businesses including current accounts, savings accounts, time deposits, debit and credit cards (Mastercard), consumer loans, car loans, mortgages, and construction financing. Business customers receive specialized services including commercial lending, payment processing, working capital financing, and business succession planning.

Digital banking services include online banking platforms, the VR Banking App for mobile devices, and online brokerage for securities trading. As part of the cooperative network, the bank works with partners including Bausparkasse Schwäbisch Hall, DZ Hyp, DZ Bank, R+V Versicherung, Union Investment, VR Smart Finanz, and Teambank (easyCredit).

Question 6

What makes VR Bank Mittlere Oberpfalz unique?

Accepted Answer

VR Bank Mittlere Oberpfalz exemplifies the cooperative banking principle of regional consolidation while maintaining local presence. The bank emerged from numerous small community banks that merged to achieve economies of scale while preserving their commitment to local service. The institution demonstrates strong regional engagement, contributing approximately 115,000 EUR annually to support local associations, charitable organizations, schools, and kindergartens.

As a cooperative, the bank is democratically governed by its approximately 19,900 members who elect representatives to participate in decision-making. Members receive annual dividends on their cooperative shares based on the bank's financial performance. The bank employs the motto "what one cannot achieve alone, many can achieve together" in practice.

Question 7

What type of financial institution is VR Bank Mittlere Oberpfalz?

Accepted Answer

VR Bank Mittlere Oberpfalz is a Genossenschaftsbank (cooperative credit institution) organized as an eingetragene Genossenschaft (eG), or registered cooperative. This legal form is governed by the German Cooperative Act (Genossenschaftsgesetz) and the institution's bylaws. The bank's governance structure includes a management board (Vorstand), supervisory board (Aufsichtsrat), and representatives' assembly (Vertreterversammlung).

The bank is a member of the Volksbanken Raiffeisenbanken cooperative financial network and participates in the BVR Institutssicherung GmbH deposit guarantee scheme, which provides comprehensive protection for customer deposits beyond the statutory 100,000 EUR minimum.

VR Bank Mittlere Oberpfalz

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About VR Bank Mittlere Oberpfalz in Germany