Volksbank Dachau defies the crisis - profit increased despite the market pressure!

Volksbank Dachau defies the crisis - profit increased despite the market pressure!

Dachau, Deutschland - at the 57th representative meeting of the Volksbank Raiffeisenbank Dachau around 150 participants informed about the 2024 financial year. Supervisory Board Chairman Günter Wörl made it clear right from the start that the past year was anything but easy. The pressure on the markets and the decline in the German economy demanded their toll. Despite these adversities, the bank was able to achieve a solid result, thanks to the commitment of the employees.

The total assets for 2024 fell by 0.8 percent and is now around 2.5 million euros. The balance sheet profit after deduction of taxes is around 2.3 million euros. CEO Johann Schöpfel spoke about worldwide developments and their effects, especially on the real estate market. In view of these challenges, he reported on an increase in commission income compared to the previous year, which could be achieved through generational advice and real estate brokerage.

positive aspects despite challenges

If you look at the numbers, it becomes clear that the bank can keep the course even in stormy times. Board of Directors Ulrich Zeiler informed about the various business areas and subsidiaries, whereby he planned the acquisition of existing real estate at attractive prices in Dachau and the district. The goal by 2030 is to position the operating result for 1.5 million euros above the association average. In addition, the supervised customer volume should increase to 7.5 billion euros and the membership quota increases to 50 percent.

The numbers of recent times show positive developments: the total assets consolidated by 1.8 percent to 2.5 million euros, and the customer volume supervised grew by 3.7 percent to around 5.9 billion euros. Even the in -house asset management brought 70 million euros, despite the increased deposit interest. What was striking was an increase of 17 percent, which underlines customers' trust in the bank. The yields also vary between 8.36 and 12.19 percent depending on the portfolio model.

commitment to the community

The bank also not only has its business success in view, but also its social commitment. At the representative assembly, among other things, the contributions to the Ukraine aid of 36,000 euros were highlighted, which corresponds to one euro per member. This shows the endeavor of the Volksbank Raiffeisenbank, not only to be a financial affinue, but also socially active.

A look at the choice of supervisory boards shows that Dursun Kilic, Andrea Lochner and Günter Wörl were unanimously confirmed. This continuity in the Supervisory Board speaks for stability and trust within the organization.

Compared to the 2021 financial year, the Volksbank Raiffeisenbank Dachau already achieved an operational profit of almost 18 million euros, which meant 1.6 million euros more than in the previous year. The balance sheet total rose to 2.6 billion euros, and the positive development was also underlined by many bank representatives, such as Merkur reported.

At a time when financial stability and social responsibility have to go hand in hand, the Volksbank Raiffeisenbank Dachau sets a strong sign for the region. The proactive approach will continue to be decisive in the future to react to the challenges of the market and to strengthen customers.