Success for Volksbank Köln Bonn: record profits and new locations!

Success for Volksbank Köln Bonn: record profits and new locations!

The Volksbank Cologne Bonn has reported a gratifying operating result of almost 40 million euros and an annual surplus of 14.1 million euros for 2024. These figures illustrate the positive economic development of the credit institution, which his cost-inclrance ratio reduced to 53.27. The membership quota rose to an impressive 65%, which corresponds to around 118,000 members. The loan volume grew by 4.2% to 4.5 billion euros, while customer deposits rose by 170 million euros to just under 5.4 billion euros. This documents the continuing popularity and the trust of customers in Volksbank Köln Bonn.

The institute also achieved a commission surplus of around 52.5 million euros and an interest surplus of over 128 million euros. The administrative costs were reduced by 1.2 million euros, which underlines the efficiency of the house. Particularly noteworthy is the strong growth in private banking, where an increase of 33% in the number of customers in wealth management and 12% growth of the managed assets could be recorded.

new investments and digitization

gratifying news also comes from the Volksbank's investment department. The bank has opened two new adventure centers in Bonn and Bornheim, which were realized with an investment of 27 million euros. This is part of the strategy to get closer to customers and offer them modern services.

digitization plays an increasingly essential role at Volksbank Köln Bonn. A total of 86,341 customers used the electronic account statement, and more than 102,000 customers use the digital banking options. In addition, the customer dialogue edited 412,000 calls, whereby over 80% of the concerns could be solved within four minutes. These initiatives show how the bank meets the challenges of digital transformation and optimizes its services.

social responsibility and membership advantages

Volksbank Cologne Bonn not only focused on economic success, but also took on social responsibility. A total of 965,815 euros were provided for regional projects and support. The “Together” Foundation, which invested 210,356.85 euros in non -profit projects, is particularly emphasized, including the “Seniors -active” initiative. These engagements reflect on the goal of the bank, not only as a financial service provider, but also to act as a responsible partner in the community.

Another important point is the dividend: the representative assembly has decided to release a dividend of 3%that amounts to around 4 million euros. This decision was taken due to the successful 2019 financial year and underlines the commitment of the bank to offer its members a stable return even in uncertain times even with regard to pandemic. This also pays an amount of EUR 132,500 to the “Together” Foundation to support members in need.

Overall, Volksbank Köln Bonn shows that as a traditional credit institution in the digital age, it can convince both financial stability and social responsibility. The area of ​​tension between maintaining classic banking services and adapting to modern digital requirements is a challenge that the bank masters with flying colors -not least by paying attention to customer loyalty and service.