Question 1

What is Raiffeisenbank Lorup?

Accepted Answer

Raiffeisenbank Lorup is a small regional cooperative bank (Genossenschaftsbank) serving the community of Lorup in the Emsland district of Lower Saxony, Germany. As a member of the German Cooperative Financial Group (Genossenschaftliche FinanzGruppe Volksbanken Raiffeisenbanken), the bank provides comprehensive retail and business banking services to individuals and small to medium-sized enterprises in this rural region. With approximately €249 million in total assets (2024) and 1,848 members, the bank operates a single branch location while maintaining its independence for over 120 years.

Question 2

When was Raiffeisenbank Lorup founded?

Accepted Answer

Raiffeisenbank Lorup traces its origins to December 24, 1900, when it was founded as the Spar- und Darlehenskasse Lorup (Savings and Loan Bank of Lorup). In 1965, a general assembly resolution changed the name to Raiffeisenbank eG Lorup.

On May 23, 1977, the bank adopted its current name, Raiffeisenbank Lorup eG. Despite numerous consolidations in German cooperative banking, Raiffeisenbank Lorup has preserved its independence for over 120 years.

A chronicle commemorating the bank's 100th anniversary was published in 2000, documenting its evolution and commitment to the Lorup community.

Question 3

Where is Raiffeisenbank Lorup headquartered?

Accepted Answer

Raiffeisenbank Lorup is headquartered in Lorup, Lower Saxony, Germany, at Hauptstraße 35, 26901 Lorup.

Question 4

Where does Raiffeisenbank Lorup operate?

Accepted Answer

The bank operates in Lorup and the immediately surrounding areas in the northeastern Emsland district of Lower Saxony. The bank maintains a single branch location at its headquarters, concentrating its services in this local community rather than expanding across multiple locations.

Question 5

What services does Raiffeisenbank Lorup offer?

Accepted Answer

Raiffeisenbank Lorup offers comprehensive retail and business banking services. Personal banking products include current accounts, savings accounts, time deposits, debit cards, credit cards, and pension plans.

Credit services include consumer loans, car loans, and mortgage loans. Investment services encompass securities trading through brokerage accounts, mutual funds, and pension planning.

Digital banking is provided through online banking platforms, the VR Banking App for mobile account management, and call center support. The single branch location features extensive self-service capabilities including ATMs, account statement printers, card PIN changing services, coin deposit machines for members, banknote deposit machines for members, transfer scanners, briefcase lockers, safe deposit boxes, and mobile phone card reloading.

The branch offers barrier-free access and free parking. Business customers can access specialized accounts, payment solutions, and commercial financing. The bank partners with DZ Bank and cooperative group members including Bausparkasse Schwäbisch Hall, R+V Versicherung, Union Investment, easyCredit, VR Smart Finanz, DZ Hyp, DZ Privatbank, and Münchener Hyp.

Question 6

What makes Raiffeisenbank Lorup unique?

Accepted Answer

As a cooperative bank with 1,848 members, Raiffeisenbank Lorup operates under member ownership principles, allowing customers to become co-owners with governance participation. The bank's remarkable achievement is maintaining its independence for over 120 years while many German cooperative banks consolidated into larger regional institutions.

The bank demonstrates innovative community commitment through renewable energy initiatives. In 1999, the bank established a subsidiary, RBI - Raiffeisen Bauträger- und Immobilien GmbH, which developed the Lorup wind park with ENERCON. The project began with four wind turbines in December 2001, expanded to 14 turbines by mid-2004, and added five more in 2010.

The Energiepark Hümmling project involved constructing 23 wind turbines with 1,534 individual shareholders becoming co-owners of Energiepark Hümmling GmbH & Co. KG. This renewable energy focus demonstrates the bank's forward-thinking approach to community development.

The bank has earned a Fitch credit rating of AA- (very high credit quality). Deposits are protected through the BVR Institutssicherung GmbH and additional voluntary coverage.

Question 7

What type of financial institution is Raiffeisenbank Lorup?

Accepted Answer

Raiffeisenbank Lorup is a Kreditgenossenschaft (credit cooperative) registered as an eingetragene Genossenschaft (eG) at the Osnabrück District Court under cooperative register number GnR 120009. This German legal form represents a member-owned cooperative where customers can become shareholders with democratic governance rights through the Generalversammlung (general assembly).

In German banking classification, it functions as a Genossenschaftsbank (cooperative bank) within the Volksbanken Raiffeisenbanken network, emphasizing universal banking services with strong local commitment. The bank is supervised by BaFin and audited by the Genossenschaftsverband Weser-Ems.

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About Raiffeisenbank Lorup in Germany

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