Question 1

What is Raiffeisen-Volksbank Ries?

Accepted Answer

Raiffeisen-Volksbank Ries is a cooperative bank (eingetragene Genossenschaft) based in Nördlingen, Bavaria, Germany. Operating under the full legal name Raiffeisen-Volksbank Ries eG, it is part of the German Cooperative Financial Group and serves retail customers, businesses, and agricultural enterprises throughout Landkreis Donau-Ries. With approximately €1.43 billion in total assets as of 2023, the bank ranks as the 619th largest bank in Germany and the 236th largest cooperative bank.

The institution operates 21 branch locations throughout the Ries region, providing comprehensive universal banking services with a strong focus on local economic development.

Question 2

When was Raiffeisen-Volksbank Ries founded?

Accepted Answer

The earliest predecessor institution was founded on March 4, 1874, when Ernst Rohmer, a bookseller, journalist, and publisher, established the Gewerbebank Nördlingen (Commercial Bank of Nördlingen) at the Sixensaal in Nördlingen. The founding principles emphasized mutual liability, stating that "the mutual liability of members with their entire assets is what establishes the security of the association."

Throughout the late 19th and early 20th centuries, numerous small village cooperatives were established across the Ries region, with the oldest being Alerheim (1883), Löpsingen (1884), and Hohenaltheim, Nähermemmingen, and Bühl (all 1885). These early cooperatives followed the cooperative principles of Friedrich Wilhelm Raiffeisen: self-help, self-management, and self-responsibility.

The modern Raiffeisen-Volksbank Ries emerged through consolidation, with major mergers including Raiffeisenbank Nördlingen and Volksbank Nördlingen (1990), Raiffeisenbank Oettingen (1998), Raiffeisenbank Möttingen (2002), Raiffeisenbank Oberes Kesseltal (2003), and most recently Raiffeisenbank Bissingen eG (2023).

Question 3

Where is Raiffeisen-Volksbank Ries headquartered?

Accepted Answer

The bank is headquartered in Nördlingen, Bavaria, Germany. The Hauptstelle (main office) is located in central Nördlingen, serving as both the administrative center and primary customer service location.

Question 4

Where does Raiffeisen-Volksbank Ries operate?

Accepted Answer

Raiffeisen-Volksbank Ries operates throughout Landkreis Donau-Ries in northern Bavaria, maintaining 21 branch locations (Geschäftsstellen) across the region, including:

Nördlingen: Main headquarters and Wemdinger Viertel branch.

Regional Branches: Deiningen, Ederheim, Fremdingen, Maihingen, Marktoffingen, Mönchsdeggingen, Oettingen, Reimlingen, Wechingen, and numerous other communities throughout the Ries basin.

The Ries region is characterized by its unique circular geological formation (the Nördlinger Ries crater), agricultural landscapes, and historic market towns. The bank's extensive branch network ensures accessibility for both rural and urban customers throughout the district.

Question 5

What services does Raiffeisen-Volksbank Ries offer?

Accepted Answer

The bank provides comprehensive universal banking services:

Personal Banking: Current accounts, debit cards, credit cards, savings accounts, time deposit accounts, pension plans, consumer loans, car loans, mortgage loans, and securities trading accounts.

Business Banking: Business accounts, commercial lending, investment financing, and specialized services for SMEs, agricultural enterprises, and local businesses throughout the Ries region.

Digital Services: Online banking platforms, mobile applications (VR Banking App), and call center services enabling 24/7 access to banking functions. ATM services are available at all branch locations and through the nationwide cooperative banking network.

Insurance and Investments: Through partnerships with R+V Versicherung, Bausparkasse Schwäbisch Hall, Union Investment, and other cooperative group members, the bank offers comprehensive insurance products, building savings plans, investment funds, and wealth management services.

Community Support: The bank established the Stiftung der Raiffeisen-Volksbank Ries (Foundation of Raiffeisen-Volksbank Ries) in 2007 to support charitable, cultural, and social projects throughout the region.

Question 6

What makes Raiffeisen-Volksbank Ries unique?

Accepted Answer

As a cooperative bank, Raiffeisen-Volksbank Ries is owned by its members who exercise democratic control through the representative assembly (Vertreterversammlung). This structure ensures decision-making prioritizes member interests and regional economic development over external shareholder profit maximization.

The bank demonstrated strong growth in 2023, with total assets increasing by 10.81% to €1.43 billion, making it one of the larger regional cooperative banks in Bavaria. The institution holds a Fitch credit rating of AA- (very high credit quality) with a stable outlook, reflecting its solid financial position and creditworthiness.

With 21 branches distributed throughout the Ries region, the bank maintains exceptional accessibility for customers in both urban centers and rural communities. This extensive network, combined with local decision-making authority, enables personalized service based on intimate knowledge of regional economic conditions.

Deposits are protected through the BVR Institutssicherung GmbH, Germany's cooperative banking institutional protection scheme, providing comprehensive security beyond the statutory €100,000 per depositor guarantee.

Question 7

What type of financial institution is Raiffeisen-Volksbank Ries?

Accepted Answer

Raiffeisen-Volksbank Ries is a registered cooperative (eingetragene Genossenschaft or eG) operating as a universal bank under German law. The institution combines characteristics of both Volksbanken (people's banks) and Raiffeisenbanken (Raiffeisen banks), reflecting the historical merger of these two cooperative banking traditions in Germany.

The bank is supervised by the German Federal Financial Supervisory Authority (BaFin) and is a member of the Bundesverband der Deutschen Volksbanken und Raiffeisenbanken (BVR). It participates in the Genossenschaftliche FinanzGruppe Volksbanken Raiffeisenbanken, cooperating with DZ Bank as its central institution and benefiting from the cooperative financial network's comprehensive services, shared product development, and multi-layered protection mechanisms.

Raiffeisen-Volksbank Ries

in Germany 🇩🇪

Crypto-Friendliness

All done!

About Raiffeisen-Volksbank Ries in Germany

Raiffe­isen-V­olksba­nk Ries