Evangelical loan association

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Logo of the cooperative banks  Evangelical Loan Cooperative eG
- EDG -
logo
Headquarters in Kiel, Herzog-Friedrich-Strasse 45
Headquarters in Kiel, Herzog-Friedrich-Strasse 45
Country GermanyGermany Germany
Seat Herzog-Friedrich-Strasse 45
24103 Kiel
legal form registered cooperative
colspan = "2" style = "display: none" | Template: Infobox_Kreditinstitut / Maintenance / ID_ Fehlerhaft
founding February 9, 1968
resolution December 31 2013
Association Cooperative Association - Association of Regions
Website edg-kiel.de
management
Board Hans-Nissen Andersen (chairman),
Christian Ferchland
Supervisory board Ulrich Seelemann (Chairman)
List of cooperative banks in Germany
Bank girocard

The Evangelical Loan Cooperative eG ( EDG ) was a cooperatively organized Evangelical universal bank based in Kiel . The shareholders were institutions and private individuals from the church-diaconal and social sectors. She was a member of the cooperative financial network.

The general assembly of EDG decided on June 27, 2014, with retroactive effect from January 1, 2014, to transfer the banking business to the Evangelische Kreditgenossenschaft , which now operates as Evangelische Bank eG. All other areas remained in the now renamed EDG Beteiligungsgenossenschaft eG , which is now a shareholder in Evangelische Bank eG.

Business direction and business success

The EDG followed the order of the economic promotion of the social work of the church and diaconal-charitable institutions and facilities. The core target group of the bank included the constituted churches, diakonia , Caritas , members of the voluntary welfare service , private sponsors and private individuals close to these institutions. The EDG was therefore a special bank in the church, diaconal and charitable environment.

The focus of her services included, among other things, hospital financing, the financing of inpatient facilities for the care of the elderly and the disabled, the financing of day-care centers and kindergartens as well as other church or social institutions.

In order to complete its assignment, EDG had expanded its range of services to include social real estate including real estate leasing, equipment leasing and procurement concepts by establishing several subsidiaries: EDG Immobilien GmbH takes on the control, planning and support of investment projects with particular expertise in the area of ​​church and social property . The EDG Leasing GmbH provides leasing solutions with emphasis equipment leasing and hire purchase especially for the diaconal medical field. The Handelsgesellschaft für Kirche und Diakonie mbH (HKD) , founded in 1984, offers services in the field of purchasing and procurement for churches and social institutions with a focus on energy, telecommunications, automobiles, technology and offices.

The Evangelical Loan Cooperative offered all the services of a universal bank to private individuals who were close to the churches and ecclesiastical communities and / or social institutions, from investment advice and provision to consumer credit and construction financing . In addition to its two branches in Kiel and Berlin, EDG looked after its customers with the tools of a direct bank .

history

As early as 1952, the first considerations were made to found a bank for church and diakonia for Schleswig-Holstein and Hamburg . The background to these considerations was the clear need for a loan to resolve urgent structural emergencies that arose as a result of destruction in the Second World War and as a result of immigration. After years of internal church discussion process, the then founded the Evangelical Lutheran Church of Schleswig-Holstein , the former Evangelical Lutheran Church in Lübeck , the deaneries Rendsburg , Segeberg , Stormarn and Südtondern, the parish associations Ottensen and Neumünster , the parishes Borby , Heath , Niebüll - Deezbüll , Segeberg and Wohltorf-Ohlstedt as well as the regional association of the Inner Mission in Schleswig-Holstein and the Evangelical Diakonissenanstalt Bethanien in Kropp the Evangelical Loan Cooperative for Schleswig-Holstein and Hamburg on February 9, 1968 in the meeting room of the regional church office in Kiel.

Business operations began on July 1, 1968 in the Raiffeisenhaus in Kiel. In the course of 1968 further members were accepted, including a. the Evangelical Church in Germany (EKD), the Diakonisches Werk Stuttgart, the state working group of the Free Welfare Associations Schleswig-Holstein and the Evangelical Free Church Community in Kiel. This gave EDG the target group that it addressed to the end.

The private customer business was added to the range of services of the church bank in 1976. The EDG Advisory Board, whose task is to give the board of directors suggestions and recommendations on business policy, was founded in 1978. In 1980 the company moved to new business premises in the Sophienblatt 78 property. In 1990, the longstanding relationship with the then West area of ​​the Evangelical Church Berlin-Brandenburg, which included West Berlin , was deepened by opening a branch of its own. The first business premises were located in the consistory at Bachstrasse 1–2; today the branch is located in the Evangelical Center in Friedrichshain .

In 1997, the headquarters in Kiel moved to the new premises at Herzog-Friedrich-Straße 45 in the Kiel suburb , where they had their headquarters until the end.

In December 2013 plans were published to merge with the Evangelical Credit Cooperative. On June 27, 2014, the general assembly in Hamburg's Michel approved the transfer of the banking business to Evangelische Kreditgenossenschaft eG and the renaming of EDG to EDG Beteiligungsgenossenschaft eG with retroactive effect from January 1, 2014. With entry in the cooperative register, this transfer, referred to in the press communication as merger , became effective.

EDG Kiel Foundation

In 1997 the Evangelical Loan Cooperative Kiel Foundation (EDG Kiel Foundation) was founded with its seat in Kiel. The purpose of the foundation is to promote investments in the church, diaconal and charitable environment in particular. The prerequisite for this is that other options have already been exhausted.

Daughters

  • EDG Immobilien GmbH, Kiel
  • EDG Leasing GmbH, Kiel
  • Handelsgesellschaft für Kirche und Diakonie mbH (HKD), Kiel

Trivia

  • Traditionally it has been the advent into the banking hall of the headquarters in Kiel Wichernhaus wreath as a wreath placed.
  • During the financial crisis of 2008, the taz reported that some representatives of the Evangelical Lutheran Church in Oldenburg had advised EDG to invest a total of 4.3 million euros in the bank Lehman Brothers , which the regional church had after the bank's insolvency on 15 September 2008 had to write off.
  • In the EKD memorandum Guideline for an ethically sustainable investment in the Protestant church , the Evangelical Loan Cooperative, as a church bank, is certified as having a special ethically sustainable business policy. In 2012, the sustainability rating agency oekom research rated the Evangelical Loan Cooperative as Prime within its Cooperate Rating. In February 2014, the Evangelical loan cooperative signed the United Nations Principles for sustainable and responsible investment (United Nations Principles for Responsible Investment, UN PRI).

literature

  • Klaus Blaschke: Evangelical Loan Cooperative eG Kiel 1968-2008 . 40 years of EDG. Ed .: Evangelical Loan Cooperative eG Kiel. Self-published, Kiel 2008 ( online PDF ).

Web links

Individual evidence

  1. ↑ Press release of the Evangelische Kreditgenossenschaft eG, Kiel from June 30, 2014 ( Memento of the original from September 11, 2014 in the Internet Archive ) Info: The archive link was automatically inserted and not yet checked. Please check the original and archive link according to the instructions and then remove this notice. (PDF), accessed on August 28, 2014  @1@ 2Template: Webachiv / IABot / www.edg-kiel.de
  2. ↑ New name finalizes the merger ( memento of the original from October 6, 2014 in the Internet Archive ) Info: The archive link was automatically inserted and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. . Press release of the Evangelical Bank of September 18, 2014, accessed on October 1, 2014.  @1@ 2Template: Webachiv / IABot / www.eb.de
  3. ↑ Annual Report 2010 ( Memento of December 3, 2013 in the Internet Archive ) (PDF; 3.1 MB), p. 1 , electronic version, accessed on November 29, 2011.
  4. ↑ Annual Report 2010 ( Memento of December 3, 2013 in the Internet Archive ) (PDF; 3.1 MB), p. 37ff , electronic version, accessed on November 29, 2011.
  5. ↑ Annual Report 2010 ( Memento of December 3, 2013 in the Internet Archive ) (PDF; 3.1 MB), p. 42ff , electronic version, accessed on November 29, 2011
  6. ^ Voting in the Michel . EDG members set the course for the future. In: nahDran. News from the Evangelical Loan Cooperative eG . Kiel June 2014, p. 3 ( edg-kiel.de [PDF; accessed on August 28, 2014]). Voting in the Michel ( Memento of the original from September 11, 2014 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.  @1@ 2Template: Webachiv / IABot / www.edg-kiel.de
  7. ↑ Merger to form the largest German church bank , in: Weser Kurier online from June 28, 2014, accessed on July 1, 2014.
  8. ↑ Press release on the merger  ( page no longer available , search in web archives )  Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice. , Press release of the Evangelical Loan Cooperative eG, Kiel, dated June 27, 2014, accessed on July 1, 2014.@1@ 2Template: Toter Link / www.edg-kiel.de  
  9. ↑ Benno Schirrmeister: Man, what a bank . taz . September 23, 2008
  10. ↑ Guide for an ethically sustainable investment in the Protestant Church , ed. v. Church Office of the EKD, Hanover 2011 (EKD -tex 113), p. 30 and p. 36
  11. ↑ "Your EDG receives prime status", website  ( page can no longer be accessed , search in web archives )  Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice. , accessed December 28, 2012@1@ 2Template: Toter Link / www.edg-kiel.de  
  12. ↑ Press release of the Evangelische Kreditgenossenschaft eG, Kiel from February 5, 2014 ( Memento of the original from March 4, 2014 in the Internet Archive ) Info: The archive link has been inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. (PDF), accessed March 1, 2014  @1@ 2Template: Webachiv / IABot / www.edg-kiel.de

Coordinates: 54 ° 19 ′ 4.1 ″  N , 10 ° 7 ′ 47.6 ″  E