VR Bank Untertaunus
 vr bank Untertaunus eG
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 Head office of the bank in Idstein |
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| Country |
 Germany
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| Seat | Wiesbadener Strasse 16 65510 Idstein |
| legal form | registered cooperative |
| Bank code | 510 917 00 |
| BIC | VRBU DE51 XXX |
| founding | 1860 |
| Association | Cooperative Association |
| Website | www.vrbank-untertaunus.de |
| Business data 2019 | |
| Total assets | 1,086.0 million euros |
| insoles | 873.1 million euros |
| Customer credit | 811.4 million euros |
| Employee | 190 |
| Offices | 12 |
| Members | 20.008 |
| management | |
| Board | Ulrich Tolksdorf (Chairman) Peter Marsch |
| Supervisory board | Harald Pabst (Chairman) |
| List of cooperative banks in Germany | |
The VR Bank eG Untertaunus (proper spelling vr bank Taunus eG ) is a cooperative bank based in Idstein in Rheingau-Taunus-Kreis . The offices are located in the communities around Idstein and Taunusstein . Among the 913 cooperative banks in Germany, the bank ranked 262 in terms of total assets in 2018 .
history
The Idstein liqueur manufacturer and MP Gustav Justi initiated the establishment of a cooperative bank under the name of the advance and credit association in Idstein. Important dignitaries of the city were represented at the founding meeting on December 18, 1860. So the city calculator F. Frankenbach, the deputy mayor Christian Moog and the Paulskirche delegate Wilhelm Rübsamen.
Within the first two years it was possible to gain 400 members from a population of 2000 citizens in Idstein, who paid in cooperative shares of 50 guilders each . In 1910 the bank had 1200 members. One of the reasons for the success was the earnings situation. Until the First World War - with the exception of the year 1885, in which a loss of 396 marks and 39 pfennigs was made - profits were always made. In 1921, “Advance” was renamed to Vereinsbank.
The hyperinflation at the beginning of the twenties led to a grotesque inflation of the balance sheet and the almost complete devaluation of the assets , most recently a balance sheet total of 1.5 trillion marks was reported. With the introduction of the Goldmark, the balance sheet total was only 203 Rentenmarks and 12 Pfennig. In the following years the bank experienced a steep upswing again. The world economic crisis of 1929 was also survived on its own. In 1935, the Gleichschaltung led to a purge of the bank. With the currency reform in 1948, the balance sheet total was reduced by five million Reichsmarks .
The economic miracle also led to an excellent development of the bank in Idstein. Since 1968 discussions have been held about a merger of the bank with the Agricultural Buying and Selling Association, which in 1978 led to the merger to form Volksbank Raiffeisenbank Idstein .
The agricultural buying and selling community was founded in Idstein in 1917. In 1924 it had 68 members, in 1934 there were 210 members. After several mergers in the 1930s and 1940s with other savings and loan funds, the cooperative had grown so much in 1942 that it had savings of 262,000 Reichsmarks.
In the mid-1980s, the merged bank had 5340 members. In 1990, after the merger with Volksbank Untertaunus from Wehen, today's name VR Bank Untertaunus was introduced.
Bank for medals and missions
| Bank for medals and missions | |
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| Seat | Wiesbadener Strasse 16 65510 Idstein |
| legal form | Branch of VR Bank Untertaunus |
| Bank code | 510 917 11 |
| BIC | VRBU DE51 XXX |
| founding | 2003 |
| Website | www.ordensbank.de |
| management | |
| Corporate management |
like vr bank Untertaunus eG |
The bank for medals and missions is a branch of VR Bank Untertaunus and is also based in Idstein. The bank operating as a direct bank is shortened to Ordensbank .
history
The Bank for Orders and Missions was founded in 2003 as a branch, according to its own information on the initiative of the Franciscan Mission Center in Bonn. From the point of view of the parent bank, this was an entry into the then new market segment of ethical investments in order to expand its own business base nationwide. The branch does not conduct any lending business.
Ethical investment
The Bank für Orden und Mission promises all customers to consider not only economic, but also ecological, social and cultural aspects when investing. The investments are made in accordance with the principles of the Franciscan order as well as the catalog of criteria of the Frankfurt-Hohenheim guidelines from 1997 and the Darmstadt definition of sustainable investments.
The Bank für Orden und Mission works with the rating agency Oekom Research to select potential investment stocks .
Economic development
The business figures of the bank for medals and missions are fully integrated in the annual balance sheets of VR Bank Untertaunus. The bank has 1,206 accounts and custody accounts with a total volume of EUR 32.3 million. A portion of the unpublished business profit of the Bank for Orders and Missions is donated to the worldwide aid projects of the Franciscan Mission Center . Customers can waive the payment of interest income, which the bank then sends as a donation to the Franciscan Mission Center.
See also
Web links
- VR Bank Untertaunus website
- Bank for Orders and Missions website
- VR Bank Untertaunus in the BaFin company database
swell
- From advance payment association to VR Bank: 125 years of cooperative banking in Idstein. Idstein, 1985.
Individual evidence
- ↑ a b Master data of the credit institute at the Deutsche Bundesbank
- ↑ VR Bank Untertaunus: Annual Report 2019.
- ↑ List of all cooperative banks 2018
- ↑ a b Master data of the credit institute at the Deutsche Bundesbank
- ^ History of the Bank for Orders and Missions. Retrieved February 10, 2011.
- ↑ Petra Kirchhoff. Frankfurter Rundschau from August 13, 2005.
- ↑ Hans-Christoph Noack. Frankfurter Allgemeine Zeitung of May 29, 2006, p. 18.
- ↑ Ethical investment of the bank for orders and missions
- ^ Oekom Research - Partner of the Bank for Orders and Mission .
- ↑ Annual Report 2018
Coordinates: 50 ° 13 ′ 11.7 ″ N , 8 ° 16 ′ 4.1 ″ E