Dortmund Volksbank

from Wikipedia, the free encyclopedia
Logo of the cooperative banks  Dortmunder Volksbank eG
Dortmunder Volksbank.jpg
Country GermanyGermany Germany
Seat Betenstrasse 10
44137 Dortmund
legal form registered cooperative
Bank code 441 600 14
BIC GENO DEM1 DOR
founding 1899
Association Genossenschaftsverband - Association of Regions eV
Website www.dovoba.de
Business data 2018
Total assets EUR 7.0 billion
insoles EUR 5.2 billion
Customer credit EUR 4.8 billion
Employee 996
Members 155.181
management
Board Martin Eul (Chairman)
Jürgen Beissner
Markus Dünnebacke
Matthias Frentzen
Michael Martens
Supervisory board Ulrich Leitermann (Chairman)
List of cooperative banks in Germany
Unna branch

The Dortmunder Volksbank eG is a cooperative bank with headquarters in Dortmund and branches in Hamm , Unna , Schwerte and Castrop-Rauxel as well as other branches. In North Rhine-Westphalia , the Dortmunder Volksbank is the largest Volksbank in terms of total assets. In Germany, the institute is after the Volksbanks in Berlin, Frankfurt a. M., Mittelhessen and Stuttgart is the fifth largest Volksbank and ranks 13th among the German cooperative banks in terms of total assets.

History and Development

Before 1945

The Dortmunder Volksbank goes back to a cooperative commercial bank with limited liability that was founded on February 7, 1899. The 23 founding members, men from craft and trade, intended to conduct banking business "for the purpose of obtaining the funds necessary for the trade and economy of the members". After initially difficult times, the balance sheet total for the ten-year existence was one million marks. In 1918 the company moved into its own building for the first time. The inflation of the year drove the balance sheet total to astronomical heights, at the end of 1923 it was over a trillion marks. After the devaluation to Rentenmark, only 19 pfennigs of equity remained. In 1924, the new stable currency brought about a rapid normalization of business life.

After 1945

In 1965, the bank followed the recommendation of the German Cooperative Association to change the name Gewerbebank to "Dortmunder Volksbank". In 1971 Volksbank Castrop-Rauxel was taken over by merger and continued as a branch. Numerous other branches were established in the 1970s; Business volume, total assets and membership grew rapidly. After the merger with Volksbank Hörde eG in 1985 and the merger with Volksbank Dortmund-Asseln in 1986, the balance sheet total rose to 1.25 billion marks. The branch network in Dortmund, Castrop-Rauxel and Lünen-Brambauer grew to a total of 42 bank branches. Further mergers took place in 1995 with the bank for civil servants and employees and in 2003 with the Volksbank Unna Schwerte.

In 1999 the Dortmunder Volksbank celebrated its 100th anniversary.

In 2013 the Dortmunder Volksbank merged with Volksbank Hamm. In 2019, the merger with Volksbank Waltrop took place . In 2020, Volksbank Kamen-Werne started merger talks with Volksbank Dortmund.

Range of services

The range of services of the Dortmunder Volksbank is based on four pillars: the appearance as a branch bank (direct contact with contact persons in the respective branch), advisory bank (advice on special topics), online bank (processing of payment transactions and securities trading via online banking and brokerage) and self-service Bank (ATMs and self-service terminals). Based on this range of services, the Dortmunder Volksbank ranks 12th (out of 873) in the ranking of German credit unions in 2018.

Branch on Saarlandstrasse in the south of Dortmund city center

Web links

Commons : Dortmunder Volksbank  - Collection of images, videos and audio files

Individual evidence

  1. ↑ a b Master data of the credit institute at the Deutsche Bundesbank
  2. ↑ Annual Report 2018
  3. ↑ a b Bernd Kröger: Planned merger of Volksbank Kamen-Werne with Dortmund: Jobs and branches should remain. Accessed July 31, 2020 .
  4. ↑ Federal Association of German Volksbanks and Raiffeisenbanks: All cooperative banks as of the end of 2019. Accessed on July 31, 2020 .
  5. ↑ Martin Behr: The merger of the Volksbanken Waltrop and Dortmund is sealed - so it goes on now. Accessed July 31, 2020 .
  6. ↑ List of all cooperative banks 2018

Coordinates: 51 ° 30 ′ 47.7 "  N , 7 ° 28 ′ 1.6"  E