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Volksbanken
The German Cooperative Financial Group, german: Genossenschaftliche FinanzGruppe Volksbanken Raiffeisenbanken, sometimes referred to in English as "Volksbanken Raiffeisenbanken Cooperative Financial Network", is a major cooperative banking network in Germany that includes local banks named Volksbanken ("people's banks") and Raiffeisenbanken ("Raiffeisen banks"), the latter in tribute to 19th-century cooperative movement pioneer Friedrich Wilhelm Raiffeisen. The Cooperative Group represents one of the three "pillars" of Germany's banking sector, the other two being, respectively, the of public banks, and the commercial banking sector represented by the Association of German Banks. The Bundesverband der Deutschen Volksbanken und Raiffeisenbanken (BVR) is the nationwide representative body of the Cooperative Financial Group. It operates under the Deutscher Genossenschafts- und Raiffeisenverband, the umbrella organization of the German cooperative movement. History Founders' era ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cooperative Banking
Cooperative banking is retail and commercial banking organized on a cooperative basis. Cooperative banking institutions take deposits and lend money in most parts of the world. Cooperative banking, as discussed here, includes retail banking carried out by credit unions, mutual savings banks, building societies and cooperatives, as well as commercial banking services provided by mutual organizations (such as cooperative federations) to cooperative businesses. A 2013 report by ILO concluded that cooperative banks outperformed their competitors during the financial crisis of 2007–2008. The cooperative banking sector had 20% market share of the European banking sector, but accounted for only 7% of all the write-downs and losses between the third quarter of 2007 and first quarter of 2011. Cooperative banks were also over-represented in lending to small and medium-sized businesses in all of the 10 countries included in the report. Credit unions in the US had five times lower fai ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Frankfurt
Frankfurt, officially Frankfurt am Main (; Hessian: , " Frank ford on the Main"), is the most populous city in the German state of Hesse. Its 791,000 inhabitants as of 2022 make it the fifth-most populous city in Germany. Located on its namesake Main River, it forms a continuous conurbation with the neighboring city of Offenbach am Main and its urban area has a population of over 2.3 million. The city is the heart of the larger Rhine-Main metropolitan region, which has a population of more than 5.6 million and is Germany's second-largest metropolitan region after the Rhine-Ruhr region. Frankfurt's central business district, the Bankenviertel, lies about northwest of the geographic center of the EU at Gadheim, Lower Franconia. Like France and Franconia, the city is named after the Franks. Frankfurt is the largest city in the Rhine Franconian dialect area. Frankfurt was a city state, the Free City of Frankfurt, for nearly five centuries, and was one of the mo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 it had 1,021 members, which represents all the cooperative banks in Germany, including local cooperative banks, PSD banks, Sparda banks, Church banks and Cooperative financial institutions. The BVR represents the interests of the German Cooperative Financial Institutions at both national and international levels and coordinates and develops the joint strategy within the Network. The BVR advises and supports his members on legal, taxation, and business management issues. The Cooperative Financial Group's institutional protection scheme is Germany's oldest deposit guarantee scheme for banks and is run by the BVR. The BVR informs its member banks on economic and political developments and publishes the “Bank-Information” newsletter. E ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Deutscher Genossenschafts- Und Raiffeisenverband
The Deutsche Genossenschafts- und Raiffeisenverband e.V. (DGRV) is the Co-operative federation for German Co-operatives. Since 1972, the federation has been based in Berlin. Berlin. It came out from the union of the two co-operative central associations at that time of Deutscher Raiffeisenverband and the Deutscher Genossenschaftsverband e.V. and is responsible for promoting co-operative ideals. Tasks The DGRV represents the common interests of the cooperative organization in economics, right and tax political affairs in relation to the public, the media and the policy. Together with European and international organizations, for instance the CCACE (''Coordinating Committee of European Associations'') in Brussels, the ICA (''International Co-operative Alliance'') in Geneva or the European combination of the loan banks EACB (''European Association of Co-operative Banks'') in Brussels, the DGRV represents the interests of the German cooperatives on European level and worldwid ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Friedrich Wilhelm Raiffeisen
Friedrich Wilhelm Raiffeisen (30 March 1818 – 11 March 1888) was a German mayor and cooperative pioneer. Several credit union systems and cooperative banks have been named after Raiffeisen, who pioneered rural credit unions. Life Friedrich Wilhelm Raiffeisen was born March 30, 1818 at Hamm/Sieg (Westerwald). He was the seventh of nine children. His father Gottfried Friedrich Raiffeisen was a farmer and also served as the mayor of Hamm. His family’s origins trace back to the 16th century in the Swabian-Franconian region. The family of his mother, Amalie Christiane Susanna Maria, born Lantzendörffer, came from the “ Siegerland”."Internationale Raiffeisen-Union" .Accessed: 18-04-2011. Leaving school at the age of 14 he received three years of education from a local |
Berlin
Berlin is Capital of Germany, the capital and largest city of Germany, both by area and List of cities in Germany by population, by population. Its more than 3.85 million inhabitants make it the European Union's List of cities in the European Union by population within city limits, most populous city, as measured by population within city limits having gained this status after the United Kingdom's, and thus London's, Brexit, departure from the European Union. Simultaneously, the city is one of the states of Germany, and is the List of German states by area, third smallest state in the country in terms of area. Berlin is surrounded by the state of Brandenburg, and Brandenburg's capital Potsdam is nearby. The urban area of Berlin has a population of over 4.5 million and is therefore the most populous urban area in Germany. The Berlin/Brandenburg Metropolitan Region, Berlin-Brandenburg capital region has around 6.2 million inhabitants and is Germany's second-largest metropolitan reg ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 largest private sector financial service organizations, DZ Bank functions both as a central institution and as a corporate and investment bank. DZ Bank is an acronym for Deutsche Zentral-Genossenschaftsbank (literally "German Central Cooperative Bank"). As a holding, the DZ Bank Group defines itself primarily as a service provider for local cooperative banks and their 30 million or so clients. The DZ Bank Group includes: DVB Bank, a transportation finance bank; Bausparkasse Schwäbisch Hall, a building society; DZ HYP (), a provider of commercial real estate finance; DZ Privatbank Gruppe; R+V Versicherung, an insurance company; TeamBank, a provider of consumer finance; Union Investment Group, an asset management company; VR Leasing; an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Friedberg, Hesse
Friedberg (; official name: ''Friedberg (Hessen)'') is a town and the capital of the Wetteraukreis district, in Hesse, Germany. It is located 26 km (16 miles) north of Frankfurt am Main. In 1966, the town hosted the sixth '' Hessentag'' state festival, in 1979 the 19th. Division of the town The town consists of 7 districts: * Bruchenbrücken * Friedberg * Dorheim * Ockstadt * Bauernheim * Fauerbach * Ossenheim History The old city was refounded by the Hohenstaufen dynasty of the Holy Roman Empire, conveniently located at important trading routes. The city initially rivaled Frankfurt am Main economically, with an important annual trading fair, and initial rapid expansion, though its economic fortunes soon dwindled. City tranquility was hampered by continuous rivalry between the two entities that made up Friedberg: The city and the castle of Friedberg that were politically independent from each other and in permanent competition, often quite maliciously, resulting in bitter riva ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Grand Duchy Of Hesse
The Grand Duchy of Hesse and by Rhine (german: link=no, Großherzogtum Hessen und bei Rhein) was a grand duchy in western Germany that existed from 1806 to 1918. The Grand Duchy originally formed from the Landgraviate of Hesse-Darmstadt in 1806 as the Grand Duchy of Hesse (german: Großherzogtum Hessen, link=no). It assumed the name Hesse and bei Rhein in 1816 to distinguish itself from the Electorate of Hesse, which had formed from neighbouring Hesse-Kassel. Colloquially, the grand duchy continued to be known by its former name of Hesse-Darmstadt. In 1806, the Landgraviate of Hesse-Darmstadt seceded from the Holy Roman Empire and joined Napoleon's new Confederation of the Rhine. The country was promoted to the status of Grand Duchy and received considerable new territories, principally the Duchy of Westphalia. After the French defeat in 1815, the Grand Duchy joined the new German Confederation. Westphalia was taken by Prussia, but Hesse received Rheine-Hesse in return. A ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Darmstadt
Darmstadt () is a city in the States of Germany, state of Hesse in Germany, located in the southern part of the Frankfurt Rhine Main Area, Rhine-Main-Area (Frankfurt Metropolitan Region). Darmstadt has around 160,000 inhabitants, making it the fourth largest city in the state of Hesse after Frankfurt am Main, Wiesbaden, and Kassel. Darmstadt holds the official title "City of Science" (german: link=no, Wissenschaftsstadt) as it is a major centre of scientific institutions, universities, and high-technology companies. The European Organisation for the Exploitation of Meteorological Satellites (EUMETSAT) and the European Space Operations Centre (ESOC) are located in Darmstadt, as well as Gesellschaft für Schwerionenforschung, GSI Centre for Heavy Ion Research, where several chemical elements such as bohrium (1981), meitnerium (1982), hassium (1984), darmstadtium (1994), roentgenium (1994), and copernicium (1996) were discovered. The existence of the following elements were also ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hesse
Hesse (, , ) or Hessia (, ; german: Hessen ), officially the State of Hessen (german: links=no, Land Hessen), is a state in Germany. Its capital city is Wiesbaden, and the largest urban area is Frankfurt. Two other major historic cities are Darmstadt and Kassel. With an area of 21,114.73 square kilometers and a population of just over six million, it ranks seventh and fifth, respectively, among the sixteen German states. Frankfurt Rhine-Main, Germany's second-largest metropolitan area (after Rhine-Ruhr), is mainly located in Hesse. As a cultural region, Hesse also includes the area known as Rhenish Hesse (Rheinhessen) in the neighbouring state of Rhineland-Palatinate. Name The German name '' Hessen'', like the names of other German regions (''Schwaben'' "Swabia", ''Franken'' "Franconia", ''Bayern'' "Bavaria", ''Sachsen'' "Saxony"), derives from the dative plural form of the name of the inhabitants or eponymous tribe, the Hessians (''Hessen'', singular ''Hesse''). The g ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services
Financial services are the economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer-finance companies, stock brokerages, investment funds, individual asset managers, and some government-sponsored enterprises. History The term "financial services" became more prevalent in the United States partly as a result of the GrammLeachBliley Act of the late 1990s, which enabled different types of companies operating in the U.S. financial services industry at that time to merge. Companies usually have two distinct approaches to this new type of business. One approach would be a bank that simply buys an insurance company or an investment bank, keeps the original brands of the acquired firm, and adds the acquisition to its holding company simply to diversify its earnings. Outside the U.S. (e.g. Japan), non-fina ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
