VR-Bank Altenburger Land

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Logo of the cooperative banks  VR-Bank Altenburger Land eG
administration_2015
Country GermanyGermany Germany
Seat Altenburger Str. 13
04626 Schmölln
legal form registered cooperative
Bank code 830 654 08
BIC GENO DEF1 SLR
founding September 17, 1859
Association Genossenschaftsverband - Association of Regions eV
Website www.vrbank-altenburgerland.de
Business data 2019
Total assets EUR 733.4 million
insoles EUR 575.6 million
Customer credit EUR 258.7 million
Employee 127
Offices 5
Members 7,889
management
Board Holger Schmidt (chairman), Raik Romisch
Supervisory board Dietmar Koch (Chairman)
List of cooperative banks in Germany

The VR-Bank Altenburger Land eG is a cooperative bank based in eastern Thuringia Schmölln in the district Altenburger Land . In addition to its administration, it currently has five branches in Schmölln, Altenburg , Gößnitz, Meuselwitz and Nobitz as well as four self-service points in Altenburg, Lucka, Treben and Nöbdenitz.

history

The founding history of the bank goes back to the middle of the 19th century. The Credit-Verein zu Altenburg, the bank's first legal predecessor, was founded on September 17, 1859. After the political change in 1989, there were two Volksbanks and two Raiffeisenbanks each in Altenburger Land, which over the years merged into today's VR-Bank Altenburger Land eG. In 1998 Raiffeisenbank Schmölln eG and Raiffeisenbank Altenburg eG merged to form Raiffeisenbank Altenburg-Schmölln eG. In 2003 the merger with Volksbank Schmölln eG took place to form VR-Bank Altenburger Land eG. In 2008 Volksbank Altenburg eG was merged into VR-Bank Altenburger Land eG. This united all the cooperative banks in the district.

In August 2017 there was another merger. The merger partner, the Schmöllner Wohnungsgenossenschaft eG, came from the regional real estate industry. From now on , the joint real estate portfolio in Altenburger Land will be managed under the brand name GEWO - Genossenschaftlich Wohnen .

German Skatbank

By resolution of the General Assembly on June 15, 2007, the Deutsche Skatbank was founded as a legally dependent branch of VR-Bank Altenburger Land eG with entry in the cooperative register of July 18, 2007 . On October 15, 2007, the Deutsche Skatbank started operations; its headquarters have been in Schmölln since November 2016. Deutsche Skatbank acts as a direct bank with a focus on business customers. In addition, services for private customers and associations are offered.

In 2014, the Deutsche Skatbank received public attention because it was the first German credit institution to charge negative interest on credit balances. Anyone who invested more than 3 million euros in total had to pay negative interest of 0.25 percent from November 1, 2014. In doing so, the bank reacted to the European Central Bank's penalty interest rate policy . On October 1, 2019, the negative interest rate for private and business customers was increased further to 0.5% after several previous interest rate hikes. For both customer groups, the negative interest rate has since applied to credit balances of € 100,000 or more. In a further step, this exemption for negative interest was reduced to just € 25,000 on January 1, 2020 and has since then only been valid for the first account held with the bank of a respective customer.

The name of the bank refers to the card game Skat , which was invented in Altenburg , the seat of the bank at the time .

literature

  • Klaus J. Kamprad, Wilhelm Vogel: From the idea of ​​helping yourself. 150 years of cooperative banking in Altenburger Land. E. Reinhold Verlag, Altenburg 2009, ISBN 978-3-937940-61-8 .

Web links

Commons : VR-Bank Altenburger Land  - Collection of images, videos and audio files

Individual evidence

  1. ↑ a b Master data of the credit institute at the Deutsche Bundesbank
  2. ↑ Numbers at a glance
  3. ↑ Karsten Seibel, Holger Zschäpitz, savers have to pay penalty interest for the first time , Welt Online , October 29, 2014.
  4. ↑ Christian Siedenbiedel: Negative interest rates: Skatbank follows the ECB with negative interest rates . ISSN  0174-4909 ( faz.net [accessed October 5, 2019]).
  5. ↑ Business account conditions | German Skatbank. October 5, 2019, accessed October 5, 2019 .
  6. ↑ Conditions private account | German Skatbank. October 5, 2019, accessed October 5, 2019 .
  7. ↑ Skatbank: List of conditions and prices as of 01/01/2020. In: Skatbank. January 1, 2020, accessed January 3, 2020 .
  8. ↑ Christian Siedenbiedel: How Skatbank over Germany stunned . In: Frankfurter Allgemeine . May 4, 2015. Accessed September 21, 2018.

Coordinates: 50 ° 53 '50 "  N , 12 ° 21' 8.1"  E