VR PLUS Altmark-Wendland EG

Overview

Category

Cooperative banks

Business Focus

cooperative retail banking

VR PLUS Altmark-Wendland eG is a cooperative bank owned by its members via shares. VR PLUS Altmark-Wendland provides retail banking products and services, with a focus on supporting the local economy and meeting customer needs, particularly small and medium-sized enterprises (SMEs). The bank serves the local area around Lüchow (Wendland). In 2024, it ranked 288th among 670 German cooperative banks.

Performance

In 2023, VR PLUS Altmark-Wendland eG achieved the position of 710th largest bank in Germany with a market share of 0.01%; its total assets dropped by 4.18%.

Deposit Protection

Deposits up to 100,000 EUR are covered by German deposit guarantee scheme in VR PLUS Altmark-Wendland eG.

Services

retail banking business banking insurance

Clients

natural persons small- and medium-sized enterprises companies

Products

current accounts debit cards credit cards savings accounts time deposit accounts pension plans consumer loans car loans mortgage loans trading accounts

Card Providers

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International Transfers

SWIFT Transfers SEPA Credit Transfers SEPA Instant Transfers SEPA Direct Debits SEPA Direct Debits B2B

This institution is ready for Verification of Payee (VoP) operations.

See Also

• SEPA Payments Explained
• Verification of Payee (VoP) Explained

Ways to Bank

VR PLUS Altmark-Wendland eG delivers its products and services through both direct and indirect channels, namely: branch online banking mobile app phone

Financials

Total Assets (2024)

1,035.84 mln EUR (+0.34%)

In 2024 total assets of VR PLUS Altmark-Wendland eG were 1,035.84 mln EUR. VR PLUS Altmark-Wendland eG is the 288th largest cooperative bank in Germany, commanding a 0.09% share among cooperative banks.

Credit Ratings

Fitch: AA-

CCC, CC, C, RD, D CCC-D B+, B, B- B BB+, BB, BB- BB BBB+, BBB, BBB- BBB A+, A, A- A AA+, AA, AA- AA AAA AAA

Moody's: -

Caa1, Caa2, Caa3, Ca Ca[a] B1, B2, B3 B1 Ba1, Ba2, Ba3 Ba1 Baa1, Baa2, Baa3, Baa4 Baa A1, A2, A3 A Aa1, Aa2, Aa3 Aa Aaa Aaa

VR PLUS Altmark-Wendland eG is rated by Fitch, which assigned it a long-term rating of AA- (very high credit quality). Moody's has not rated the bank.

Deposit Guarantee

Protected Amount

up to 100,000 EUR

Guarantee Fund

BVR Institutssicherung GmbH

Covered Accounts

all deposit accounts

Eligible Depositors

individuals companies

VR PLUS Altmark-Wendland eG protects deposits up to up to 100,000 EUR per depositor through Germany's deposit guarantee scheme. The scheme applies to all deposit accounts made by individuals, companies. The bank participates in the BVR Institutssicherung GmbH, making regular contributions into it.

See Also

• Deposit Guarantee in Germany

Member of Group

DZ Bank (Germany)

VR PLUS Altmark-Wendland eG is a member of DZ Bank (Germany).

Contacts

Am Kleinbahnhof 5, 29439, Lüchow (Wendland), Germany14 52

VR PLUS Altmark-Wendland eG is located in Lüchow (Wendland).

Bank Identifiers

BIC (SWIFT)

GENODEF1WOT

LEI

529900RW2U1C9FIB6J54

MFI ID

DE05256

Bank History

Previous Name

Volksbank Osterburg-Lüchow-Dannenberg eG