Volksbank Eisenberg
 Volksbank Eisenberg eG (with Ethikbank branch) |
|
|---|---|
| Country |
 Germany
|
| Seat | Martin-Luther-Strasse 2 07607 Eisenberg |
| legal form | registered cooperative |
| Bank code | 830 944 94 |
| BIC | GENO DEF1 ESN |
| Association | Genossenschaftsverband - Association of Regions eV |
| Website | www.my-volksbank.de |
| Business data 2017 | |
| Total assets | EUR 398.2 million |
| insoles | EUR 335.4 million |
| Customer credit | EUR 117.1 million |
| Employee | 84 |
| Members | 3,585 |
| management | |
| Board | Klaus Euler (Chairman) Renate Weber |
| Supervisory board | Jutta Schulze (Chair) |
| List of cooperative banks in Germany | |
The Volksbank Eisenberg is an independent co-operative bank in Thuringia Eisenberg with the nation-wide direct banking subsidiary EthikBank.
history
On January 21, 1868, 30 citizens of Eisenberg asked the responsible ministry in Altenburg to establish the Credit- und Spar-Verein zu Eisenberg S.-A. to approve. After permission was granted, the first general assembly took place on April 25, 1868 . Initially, the company began operating in the legal form of a limited liability company in the private rooms of the cashier Konstantin Schöne. The regular share for new members was 25 thalers . By 1882 the number of members grew to over 400 and the share of the business was now 150 gold marks . In 1897 it was converted into a cooperative and in 1904 into a cooperative with limited liability. In 1909 the name was changed to Eisenberger Bank eGmbH , and in 1913 the bank moved into its own building. The bank was given its current name Volksbank Eisenberg in 1941.
After the Second World War , the bank was initially closed in 1945 on the orders of SMAD and reopened in spring 1946 as a bank for craft and trade . 1953 took place fusing with the bank for trade and industry in Crossen and 1973 with the credit union Bad Klosterlausnitz for cooperative bank for trade and industry Eisenberg . After the fall of the Wall , the GDR's banking system was abolished in the course of monetary union and the bank was renamed Volksbank Eisenberg .
The development after the political change is also moving. The bank entered the Germany-wide direct banking business as early as 1995: it founded Volksbank Eisenberg Direkt. Another important milestone was set with the establishment of the ethics bank in 2002.
Ethics bank
In 2002 a branch was founded under the name Ethikbank eG Zweigniederlassung of Volksbank Eisenberg eG (spelling: EthikBank ), which acts exclusively as a direct bank . The bank, which operates in Germany, only invests its customer funds in carefully selected companies and countries ( ethical investment , sustainable banking ). According to the investment criteria, for example, child labor , nuclear power plants or military weapons are categorically rejected. In addition, the ethics bank sponsors one women's, one ethics and one environmental project with its own funds.
In February 2006 the Ethikbank expanded to Austria, where it is no longer active. On October 28, 2006, the Oskar Patzelt Foundation in Berlin awarded the Grand Prize for SMEs to the Ethikbank in the Bank of the Year category . In 2007 the Ethikbank reached the profit zone for the first time. That year the bank also entered the lending business.
Development of the ethics bank
| year | Number of accounts | Deposits and loans (in thousands of euros) |
|---|---|---|
| 2010 | 11.203 | 110,591 |
| 2011 | 15,358 | 128,752 |
| 2012 | 18,293 | 145.623 |
| 2013 | 21,383 | 177.833 |
| 2014 | 22,851 | 204,686 |
| 2015 | 242,808 | |
| 2016 | ||
| 2017 | 335.352 | |
| 2018 | 346,487 |
Business principle
Investment policy
The basis of all business of the Ethikbank is its socio-ecological investment policy - a mix of taboo and positive criteria. The ethics bank does not invest its customers' money in arms deals , nuclear energy or in companies that allow child labor . Companies that genetically modify seeds or manufacture ozone-depleting chemicals are also taboo. With animal tests for cosmetics, the ethics bank anchored a new negative criterion in its investment policy in October 2010. The companies that receive money from the ethics bank must actively commit themselves to sustainable business practices. The ethics bank neither buys government bonds from the OECD countries, which are below average in terms of sustainability, nor from countries that violate human rights.
Ethics Research
The companies and states are regularly subjected to an ethics review. The results of this investigation lead to the positive and negative lists that the ethics bank publishes on its website. The ethics bank largely relies on the studies of the consulting company for social-ecological innovations mbH (Imug) , which has many years of experience in social-ecological company analysis and evaluation. Imug cooperates with international rating agencies, including the established Ethical Information and Research Service (EIRIS) in London . The bank also draws on studies by Zürcher Kantonalbank , which regularly assesses the social and ecological quality of all OECD countries. Freedom house, a non-governmental organization in the USA , is also used for research. The organization classifies all states worldwide into free, partially free and non-free countries.
Glass bench
The ethics bank discloses its business in every detail. Anyone can look on the Internet in which securities the bank invests and what the customer loans are used for. From today's perspective, this is the highest possible level of transparency that a bank can provide. According to Stiftung Warentest , the ethics bank is the only bank that discloses its custody accounts.
deals
Micro account
The micro account is an offer for bankruptcy debtors . The account is managed in credit and exclusively online. The micro account is available to private and business customers who have got into financial difficulties and would no longer get an account with other banks because of a Schufa entry.
Eco-credit
The eco loan is an instant loan for environmentally friendly modernization. Other ecological and social projects, for example solar systems ( photovoltaics such as solar thermal ), can also be financed with it. The bank is able to approve its eco-loan within 30 minutes. In doing so, it waives the order of a land charge and (in the case of photovoltaic systems) the assignment of the feed-in tariff.
Customer magazine
The E-Thikker is the ethics bank's customer magazine. Customers are informed about news from the ethics bank four times a year. Each issue is presented with a philosophical section on current world events. The magazine can be downloaded free of charge from the Internet as a PDF file.
Web links
- Ethics Bank website
- Volksbank Eisenberg in the company database of BaFin
Individual evidence
- ↑ a b Master data of the credit institute at the Deutsche Bundesbank
- ↑ Annual financial statements as of December 31, 2017 in the eBundesanzeiger
- ↑ Numbers and facts . Bank website.
- ↑ Ethikbank's investment policy: http://www.ethikbank.de/die-ethikbank/anlagelösungen.html
- ^ Ethik-Kompass: http://www.ethikbank.de/die-ethikbank/ethik-kompass.html
- ^ Stiftung Warentest: Cluster bombs in Riester contracts test.de, January 4, 2011
- ↑ Transparent bank: http://www.ethikbank.de/die-ethikbank/glaeserne-bank.html
Coordinates: 50 ° 58 ′ 9.7 " N , 11 ° 53 ′ 57.4" E