Volksbank Westerstede: Stability and 6% dividend despite turbulence!

Volksbank Westerstede: Stability and 6% dividend despite turbulence!

At Westersteder Volksbank, 2024 was a year of stability and growth, despite the challenging economic conditions. Loud NWZonline The bank reported an annual profit of 2.28 million euros and was able to increase its balance sheet total to an impressive 500.7 million euros. This not only reflects the solidity of Volksbank, but also the trust customers have in its services.

At the most recent representative meeting, the bank's members decided to pay a dividend of 6 percent. This good news will certainly be well received by members. In addition, the results also met the bank's expectations for its anniversary year. The Volksbank celebrated its 125th anniversary in 2024 with a major concert by Beatrice Egli, which attracted almost 4,000 visitors and brought the community together.

Important changes in the board

Another important item on the agenda was the election of new members of the Supervisory Board. The agenda contained numerous reports and votes, including the board's report on the financial year and the approval of the annual financial statements. Heiko Hupens, who is leaving the supervisory board after 18 years for reasons of age, was given a fitting farewell by those present. His successor, Dörte Steckel-Hollander, was elected unanimously and will bring a breath of fresh air to the committee.

In the context of its future direction, the bank has decided on several changes to the statutes that are aimed at expanding the Volksbank's range of services. Adjustments are also planned that are based on new business areas and digitalization trends - a wise decision given the constantly changing financial landscape.

A look into the future

Volksbank is confident about the coming years. Moderate growth in customer business is expected, which should develop under more stable economic conditions. The bank is committed to remaining a reliable partner for its members and customers in the region. As part of the representatives' meeting, the next steps were also taken to make the bank future-proof.

To ensure transparency, the annual financial statements and management report will be available for inspection at the main office until June 19, 2025. The event not only offered space for current topics, but also an outlook on the exciting projects that lie ahead of Volksbank Westerstede.

Overall, Volksbank Westerstede shows itself to be a stable anchor in the region that values ​​its members even in difficult times and wants to sail into the future together with them.