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There are several banks that operate under the name "Volksbank" (
external pictures
was reportedly so well constructed that it had ceiling supports and was about 3 feet wide. It connected the bank deposit and a nearby underground parking lot. Probably nobody noticed anything, because the parking lot was shielded by roulettes, and people thought that this part was under repair. There are some similarities between this robbery and the
In Austria there are 35 local Volksbanks (by end of 2015), each of them organized as a cooperative or a corporation. By 2017 they will merge to 8 regional banks and 2 specialized banks. They build an integrated system of banks (Association of Volksbanks) connected through a contract of collaboration. The central institution is VOLKSBANK WIEN AG, the biggest regional bank of the association. The central service functions were transferred from Österreichische Volksbanken AG (ÖVAG) to VOLKSBANK WIEN AG in July 2015. ÖVAG itself surrendered its banking license. The "remainder of ÖVAG" continues to operate as a wind-down entity under the name of immigon portfolioabbau ag. Immigon is responsible for ensuring the orderly, active and value-preserving wind-down of its assets.
Volksbanken RaiffeisenbankenAustrian Association of VolksbanksVOLKSBANK WIEN AGimmigon portfolioabbau ag, former ÖVAG
Cooperative banks of Austria Banks established in 1850 Cooperative banks of Germany
There are several banks that operate under the name "Volksbank" (Afrikaans
Afrikaans (, ) is a West Germanic language that evolved in the Dutch Cape Colony from the Dutch vernacular of Holland proper (i.e., the Hollandic dialect) used by Dutch, French, and German settlers and their enslaved people. Afrikaans gra ...
, Dutch
Dutch commonly refers to:
* Something of, from, or related to the Netherlands
* Dutch people ()
* Dutch language ()
Dutch may also refer to:
Places
* Dutch, West Virginia, a community in the United States
* Pennsylvania Dutch Country
People E ...
and German
German(s) may refer to:
* Germany (of or related to)
** Germania (historical use)
* Germans, citizens of Germany, people of German ancestry, or native speakers of the German language
** For citizens of Germany, see also German nationality law
**Ge ...
for "people's bank").
There are also 1,099 independent local Volksbanken in Germany. They are completely separate from the Austrian Association of Volksbanks.
Volksbanken are also known as VB (Volk is the German word for people)
or as VR (Volksbanken Raiffeisenbanken).
Germany - Volksbanken Raiffeisenbanken
The "Bundesverband der Deutschen Volksbanken und Raiffeisenbanken
The National Association of German Cooperative Banks (german: Bundesverband der Deutschen Volksbanken und Raiffeisenbanken, BVR) is the umbrella association for the German Cooperative Financial Group. Its origins go back to 1864 as . As of 2015 ...
" ''(Federal Association of Volksbanken and Raiffeisenbanken)'' is a consortium of 1,099 independent credit unions, which represents the banks as Germany's largest banking group in several marketing affairs and as service partner Genossenschaftliche Finanzgruppe Volksbanken Raiffeisenbanken - ''Cooperative Financial Group''.
The Genossenschaftliche Finanzgruppe is the only banking group which survived the financial crisis of 2007-08 without any state intervention. Former subsidiaries of Volksbank, have been sold to Sberbank of Russia
PJSC Sberbank (russian: Сбербанк, initially a contraction of russian: сберегательный банк, translit=sberegatelnyy bank, lit=savings bank, link=no) is a Russian majority state-owned banking and financial services compan ...
.
Companies of the Genossenschaftliche Finanzgruppe
*DZ Bank
DZ Bank AG () is the second largest bank in Germany by asset size and the central institution for around 800 cooperative banks and their around 8,500 branch offices. Within the German Cooperative Financial Group, which is one of Germany's la ...
* DG HYP - mortgage bank
* Münchener Hypothekenbank - mortgage bank
* WL BANK - Investment for banks
* Bausparkasse Schwäbisch Hall - building society
* R+V Versicherung - insurance services
* Union Investment Gruppe - asset management
* VR LEASING Gruppe - investment financing
* easyCredit - personal loans
* DZ PRIVATBANK - private banking, asset management
* VR Equitypartner - equity funding
* VR Mittelstandskapital
13 January 2013 robbery at Berliner Volksbank
On 13 January 2013 robbers stole goods from 100 private safe deposit boxes located in Steglitz, Berlin. In the official statement the police said that bank security officer noticed smoke coming from the deposit room on Monday morning (January 14). Next they found broken deposit boxes and a 30 m tunnel, the digging of which probably took a couple of weeks or even months. The tunnelexternal pictures
was reportedly so well constructed that it had ceiling supports and was about 3 feet wide. It connected the bank deposit and a nearby underground parking lot. Probably nobody noticed anything, because the parking lot was shielded by roulettes, and people thought that this part was under repair. There are some similarities between this robbery and the
Baker Street robbery
The Baker Street robbery was the burglary of safety deposit boxes at the Baker Street branch of Lloyds Bank in London, on the night of 11 September 1971. A gang tunnelled from a rented shop two doors away to come up through the floor of the va ...
in London.
Austria - Association of Volksbanks
In Austria there are 35 local Volksbanks (by end of 2015), each of them organized as a cooperative or a corporation. By 2017 they will merge to 8 regional banks and 2 specialized banks. They build an integrated system of banks (Association of Volksbanks) connected through a contract of collaboration. The central institution is VOLKSBANK WIEN AG, the biggest regional bank of the association. The central service functions were transferred from Österreichische Volksbanken AG (ÖVAG) to VOLKSBANK WIEN AG in July 2015. ÖVAG itself surrendered its banking license. The "remainder of ÖVAG" continues to operate as a wind-down entity under the name of immigon portfolioabbau ag. Immigon is responsible for ensuring the orderly, active and value-preserving wind-down of its assets.
The Netherlands - De Volksbank
De Volksbank is a Dutch retail bank offering financial products to both companies and individuals.South Africa - Volkskas
Volkskas Beperk ( en, Peoples' Bank) was a South African bank founded in 1934 as a cooperative loan bank, becoming acommercial bank
A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit.
It can also refer to a bank, or a division of a large bank, which deals with co ...
in 1941. In 1991, by which time it had become South Africa's largest Afrikaner bank, Volkskas merged with United Building Society, Allied Building Society and Trust Bank to form Amalgamated Banks of South Africa (now, Absa Group Limited
Absa Group Limited (ABGL; formerly Barclays Africa Group Limited), and originally Amalgamated Banks of South Africa, is a South African-based financial services group, offering personal and business banking, credit cards, corporate and invest ...
).
References
External links
{{commons category, VolksbankVolksbanken Raiffeisenbanken
Cooperative banks of Austria Banks established in 1850 Cooperative banks of Germany