VR-Bank Bonn Rhein-Sieg reports record numbers after a merger!

VR-Bank Bonn Rhein-Sieg reports record numbers after a merger!

VR-Bank Bonn Rhein-Sieg has accounted for a gratifying financial year for 2024. The annual surplus is estimated at around 14 million euros, a sign of the positive development in a banking sector characterized by challenges. These developments should be emphasized, since they are in the context of the merger with the Raiffeisenbank Vorifel, which significantly influenced the year. Thanks to this merger, the balance sheet total increased by 2.53 % to 6.3 billion euros, while the loan volume grew by 5.72 % to 4.8 billion euros, such as broeltal.de reported.

The merger was planned in the course of cooperation talks that started in 2018 and legally carried out on September 14, 2021. With a 95% approval of the General Assembly in Kehrig and 100% in Lutzerath, the path was paved for the legal and technical merger. The aim of the merger was to create a competitive regional bank, which offers customers an improved range of services and more orientation. The technical databases of both banks were successfully brought together last weekend, which continues to prepare the establishment of a uniform service offer, so rb-ehr.de .

growth in credit and deposit range

The VR-Bank loan volume increased significantly to 4.8 billion euros with an increase of 5.72 %. Customer deposits also showed a positive trend that has grown by 4.84 % to just under 5 billion euros. These developments are primarily due to the increased interest rates, which led to an increased demand for savings and investment products. In addition, interest in securities and asset management includes a volume of 123 million euros, such as broeltal.de reported.

The role of the mergers in the banking sector

mergers in the regional banking sector are an ongoing trend in Germany. Cooperative banks have come together more than the Sparkassen-Finanzgruppe in the past ten years. Mergers often take place in North Rhine-Westphalia and Baden-Württemberg to meet the challenges of the market. The focus is on improving customer services and the recruitment of qualified personnel, as from a study by Deloitte.com

Successful mergers require extensive preparations, clear responsibilities and transparent communication. These elements are essential to minimize frictional losses that can result from cultural differences from the merging institutes. VR-Bank Bonn Rhein-Sieg with its strategic realignment after the merger is therefore one of the examples of the future of cooperative banks.