Raiffeisenbank Oberland celebrates record numbers and a strong community!

Raiffeisenbank Oberland celebrates record numbers and a strong community!

Things got down to business in the Frankenwaldhalle Grafengehaig: the general meeting of the Raiffeisenbank Oberland attracted over 400 visitors, almost 40 percent more than the previous year. Chairman of the Board Ralph Goller warmly welcomed everyone present and was pleased about the great response. The guests of honor included Monsignor Rüdiger Feulner, Pastor Heidrun Hemme and numerous local politicians such as District Administrator Klaus-Peter Söllner and Mayor Werner Burger of Grafengehaig.

The discussion about the bank's economic successes was particularly exciting. The board presented an impressive balance sheet total of around 158 million euros, which means an increase of almost five million compared to the previous year. Not to be forgotten is the dividend distribution of 3.5 percent to members, which proves to be above average compared to other banks. In the anniversary year of 2022, the bank also welcomed 132 new bank partners, which increased the number of members to 3,416. Franconian day reports that the bank was able to record above-average growth despite challenging economic conditions, such as an inflation rate of up to 13.5 percent.

Growth despite challenges

Raiffeisenbank Oberland has shown a good hand with 34 employees in six branches. As the bank explains in its report, not only did total assets grow by 3.2 percent, but also customer assets on the balance sheet grew by 3.6 percent. The customer volume served is now around 294 million euros, an increase of 1.56 percent. What is particularly noteworthy is the growth in the lending business, which grew by around 13 percent to a total loan volume of around 71 million euros. The number of loan agreements rose from 409 in the previous year to 492, which shows that Raiffeisenbank Oberland is an important partner for the region.

The very positive balance led to Frank Wunner and Clemens Friedrich being unanimously re-elected to the supervisory board. In addition, board member Peter Girndt explained necessary changes to the statutes, which were also approved. There was also no shortage of praise from District Administrator Söllner and Mayor Burger for the bank's forward-looking business policy. The association auditor Philipp Eismann also congratulated on the excellent annual results.

The role of cooperative banks

Raiffeisenbank's discounts should be viewed in the context of a larger trend. Cooperative banks, which include Raiffeisenbank Oberland, make up a significant part of the German banking sector. Loud Statista These banks have become more important in recent years, although their number has fallen by more than 30 percent in the last ten years. These banks are designed to not only offer members a good return, but also to provide individual advice and assistance with financial matters.

At the end of the meeting, the traditional “Goggela” was distributed to the guests, which had previously been grilled in the hall. It was a successful event that not only provided insights into the financial successes, but also demonstrated the sense of community in the region. Raiffeisenbank Oberland therefore remains a constant for the local people.