VR Bank Augsburg-Ostallgäu: Strong year 2024 with record numbers!

VR Bank Augsburg-Ostallgäu: Strong year 2024 with record numbers!

VR Bank Augsburg-Ostallgäu presents its balance sheet for the 2024 financial year in a shining light. On July 5, 2025, it became clear that the bank had particularly good news to announce. The customer volume served has increased to around 9.5 billion euros - an increase of 3.2 percent compared to the previous year. Particularly noteworthy is the increase in customer credit volume, which has reached a new record of over 3 billion euros. The bank is thus showing that, after a certain level of restraint, it can once again focus on a clear upward trend in the area of ​​housing finance.

Customer deposits remained stable at 3.4 billion euros, while funds with the network partners in the securities business increased by an impressive 12 percent. “We can look back with pride on net interest income that was increased to 75.6 million euros,” said Dr. Hermann Starnecker, spokesman for the bank's board of directors. This represents an increase of 8.3 percent and is the most important source of income for the bank.

Investments in the future

In order to further promote the positive development, VR Bank invested around 691,000 euros in training and further education for its over 500 employees in 2024. This measure is intended not only to strengthen skills, but also to increase employee satisfaction - the bank was even named “kununu Top Company 2024” for this. “We attach great importance to personal advice and our presence in the region with 57 locations,” added Starnecker. The bank was able to respond to the current needs of its customers by introducing modern branch concepts in Pfronten, Nesselwang and Stadtbergen.

But it's not just internal aspects that are at the forefront at VR Bank. The bank also keeps an eye on its responsibility towards society: around 320,000 euros were made available for social, cultural and sporting initiatives. In just five years, more than 100 projects with over 600,000 euros were successfully realized via the crowdfunding platform “Many create more”. In this way, the banking sector shows that it not only pursues economic goals, but also wants to make a positive contribution to the community.

Sustainability in focus

Another key point that is increasingly coming to the fore in the current banking landscape is the issue of sustainability. The EU Commission has set itself the ambitious goal of Europe becoming the first climate-neutral continent by 2050. 【BAFin】 reports that the financial sector plays a key role in this. With the introduction of the “Green Deal” and a variety of new requirements that also affect banks, sustainability is becoming a particular challenge. Financial institutions today have to analyze not only financial risks, but also those related to environmental and social issues.

The ESG criteria – i.e. environmental, social and governance aspects – have finally found their way into the strategies of many banks, as 【EY】 also notes. Many banks hire their own teams to meet these challenges and collect the necessary data on quality and comparability. Upskilling employees is crucial here, because sustainability integration requires specialist knowledge in all areas. BaFin must also ensure that greenwashing is punished and that banks meet their risk management requirements.

With these measures and the clear strategy, VR Bank Augsburg-Ostallgäu is looking optimistically into the future. The changes in the board, with Moritz Stigler as the new board member after Helmuth Geppert retired, are exemplary of the fresh wind that is now blowing through the bank. Starnecker and his team are ready to take the next steps to continue to ensure the satisfaction of their customers and employees while taking responsibility for the environment.

Hand in hand with these developments, VR Bank will continue to pursue its innovative and sustainable orientation in the coming years. The good figures and the positive balance sheet give it the necessary tailwind.