Volksbank Lübeck eG

What Volksbank Lübeck eG does

Volksbank Lübeck eG is a regional cooperative bank (eingetragene Genossenschaft) founded in 1902 and headquartered in Lübeck, Schleswig-Holstein. It serves approximately 34,000 retail and SME customers across 9 physical branches in the Lübeck region, of which 14,927 are cooperative members (Genossenschaftsmitglieder) holding voting rights at the Vertreterversammlung and receiving dividend entitlements on their Geschäftsanteile. As a member of the nationwide Genossenschaftliche FinanzGruppe Volksbanken Raiffeisenbanken federation (700+ banks, 30 million customers nationally), the bank benefits from group-wide ratings of AA- (Fitch) and A+ (S&P) and operates under a dual BVR deposit-protection safety net.

The bank's core product portfolio spans current accounts (Girokonto, Geschäftskonto), a full lending suite (Baufinanzierung, Gewerblicher Immobilienkredit, Unternehmerkredit up to €100K, Betriebsmittelkredit at 14.624% variable, Investitionskredit, Gründungsfinanzierung, Übernahmefinanzierung, Agrarfinanzierung, Avalkredit, Factoring, Exportfinanzierung, Fremdwährungskredit, Objektfinanzierung, Energieeffizienzkredit), savings products (Festgeld, Firmentagesgeld, Gewinnsparen), card products (Mastercard debit/credit with Apple Pay/Google Pay/Wero), and securities custody (Wertpapierdepot). It distributes insurance through R+V Versicherung and investment funds through Union Investment, plus KfW subsidised lending via the DZ BANK FörderWelt/FördermittelFinder platforms, easyCredit consumer loans via TeamBank, and Bauspar products via Schwäbisch Hall.

The bank's revenue model rests on net interest income from its €742M loan book (funded by an €843M customer deposit base against a €1.126B business volume / €1.101B balance sheet with €92M equity), supplemented by transaction-based commission streams from card payments, SEPA direct debits, insurance intermediation, fund distribution, and Baufinanzierung brokerage. Go-to-market is a hybrid advisory-plus-self-service model: in-branch and video/phone advisory anchored on the cooperative relationship principle, combined with the Online-Geschäftsstelle self-service portal and the VR Banking App (iOS/Android, requires iOS 17.6+ or Android 10+) authenticated via VR SecureGo plus. Digital infrastructure — including Video-Identifikation, PostIdent, EBICS for corporate cash management, Profi cash, GENO cash, BankingManager, and the MeinPlus loyalty programme with 17,000+ partner merchants — is largely sourced from the group's shared technology stack rather than built in-house.

Name

Volksbank Lübeck eG

Legal name

Volksbank Lübeck eG

Website

https://volksbank-luebeck.de

Company type

Private

Founded year

1902

Operating status

Operating

Headcount range

101–250 employees

Short description

Volksbank Lübeck eG is a 1902-founded regional cooperative bank serving roughly 34,000 retail and SME customers through 9 branches in Lübeck, Germany, offering lending, deposits, payments, insurance, and investment products under the Genossenschaftliche FinanzGruppe federation.

Ownership category

akta.pro rank

Product category

Cooperative Retail and SME Banking

NAICS

Savings Institutions and Other Depository Credit Intermediation (52218), Portfolio Management and Investment Advice (523940)

SIC

Savings Institutions, Not Federally Chartered (6036), Investment Advice (6282), Mortgage Bankers & Loan Correspondents (6162)

akta.pro primary industry

Account & Balance Services (Operating accounts, statements, eBAM) (FSABAIAD)

akta.pro secondary industries

Bank Connectivity & Channels (Host-to-host, SWIFT, APIs, EB portals) (FSABAIAF), Direct Lending — Specialty Finance (Consumer/SME Lending Platforms) (FSAHAJAF)

Keywords

• Cooperative banking
• Retail banking
• Commercial lending
• Insurance brokerage
• Wealth management

Headquarters

HQ city

Lübeck

HQ country

Germany

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Interest income: Core banking revenue from lending activities. The bank holds €742 million in customer loans (Forderungen an Kunden) and €843 million in customer deposits (Verbindlichkeiten). Provides mortgages, construction financing, business loans, investment credits, operating credits, and overdraft facilities.
2. Commission and fee income: Fee income from payment services (card transactions, SEPA transfers), account management, securities brokerage (Union Investment), insurance intermediation (R+V products), and other advisory services.
3. Insurance intermediation: The bank distributes insurance products (property, casualty, health, motor, liability) through its partnership with R+V Versicherung, one of Germany's largest insurers with over 9 million customers and 26 million insured risks. The bank earns commission on policies sold.
4. Investment product distribution: Distribution of investment funds (Union Investment), retirement/pension products (private pension, Riester, Rürup, bAV), and wealth management solutions. Union Investment serves over 5.8 million customers.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels7 records

Core offering

Volksbank Lübeck eG is a regional cooperative bank offering retail and business current accounts, a broad range of lending products (mortgages, consumer credit, business operating and investment credits, startup and acquisition financing, agricultural loans, factoring, export and foreign-currency loans), savings and securities products, and the distribution of insurance and pension products via R+V and Union Investment. Digital delivery runs through the VR Banking App, the Online-Geschäftsstelle portal, and VR SecureGo plus, supported by 9 branch locations across the Lübeck region.

Product overview

Volksbank Lübeck eG is a cooperative bank (Genossenschaftsbank) offering a comprehensive financial services portfolio. The core offerings include private and business current accounts (Girokonto, Geschäftskonto), various lending products (Baufinanzierung, Gewerblicher Immobilienkredit, Unternehmerkredit, Betriebsmittelkredit, Investitionskredit, Gründungsfinanzierung, Übernahmefinanzierung, Agrarfinanzierung), and savings products (Festgeld, Firmentagesgeld, Gewinnsparen). The bank distributes insurance products through its R+V partnership including Kfz-Versicherung, Mopedversicherung, and comprehensive private/business insurance coverage. Retirement products include private pension insurance, occupational pensions, and fund-linked annuities. Digital banking is delivered through the VR Banking App (mobile), Online-Geschäftsstelle (online branch), and desktop banking software (VR-NetWorld, Profi cash, GENO cash, BankingManager). Transaction security is managed via VR SecureGo plus TAN app. The bank supports payment modernizations through Wero, Apple Pay, and Google Pay integrations, and offers specialized services like factoring, export financing, and succession planning advisory.

Differentiator

Problem solved

Functional benefit

Products and services

• Girokonto Current account for private customers providing day-to-day banking with management via the Online-Geschäftsstelle and VR Banking App.
• Geschäftskonto Business current account for firms and entrepreneurs to handle payment transactions, with overdraft facilities and business-specific features.
• Baufinanzierung Mortgage/real-estate financing for private customers purchasing or building property, delivered through the bank's advisory service.
• Gewerblicher Immobilienkredit Commercial real-estate financing for businesses, with fixed interest rates and long-term, short-term, or revolving structures.
• Unternehmerkredit Business credit line up to €100,000 for SMEs for new plans or deferred projects, with variable interest rates.
• Betriebsmittelkredit Revolving working-capital credit facility for businesses to finance inventory, raw materials, bridge gaps, and capture early-payment discounts; variable interest 14.624% p.a. drawn, 17.624% p.a. tolerated overdraft.
• Investitionskredit Investment loan for fixed assets such as machinery, equipment, vehicles, or commercial real estate, with fixed-rate options and flexible repayment.
• Gründungsfinanzierung Startup financing for self-employed individuals and businesses up to five years old, including access to government grants and KfW ERP-Gründerkredit StartGeld up to €200,000.
• Übernahmefinanzierung Acquisition financing for business purchases, including market analysis, contract support, and financing combined with government grants.
• Unternehmensnachfolge Succession-planning advisory service for business owners transferring their company, covering preparation, asset planning, and matching with family, employee, or external successors.
• Agrarfinanzierung Agricultural financing for farmers, including machinery, building repairs, compliance, and digitalisation investments, with access to government grants.
• Avalkredit Guarantee facility under which the bank provides surety for a business's contractual obligations while preserving its liquidity.
• Factoring Accounts-receivable financing providing immediate payment of outstanding invoices for predictable cash flow.
• Exportfinanzierung International trade financing to expand cross-border sales opportunities, minimise risks, and maintain liquidity.
• Fremdwährungskredit Foreign-currency credit for securing cross-border business transactions.
• Objektfinanzierung Object-specific financing for commercial vehicles, machinery, or equipment with tailored structures.
• Energieeffizienzkredit Green/energy-efficiency credit for climate-protection investments and energy-cost savings, with government subsidies available.
• Festgeld Fixed-term deposit with guaranteed interest rates over the investment period for risk-averse retail investors.
• Firmentagesgeld Business call/term deposit offering secure and flexible short-term investment of corporate cash.
• Gewinnsparen Combined savings-lottery product where deposits also serve as lottery entries, with portions going to savings, winnings, and charitable causes.
• Debit- und Kreditkarten Mastercard debit and credit cards with mobile payment integration via the VR Banking App, Apple Pay, and Google Pay.
• Kartenterminals Stationary and mobile card terminals for businesses to accept card payments from customers.
• Kfz-Versicherung (R+V) Motor-vehicle insurance distributed via R+V Versicherung in three tariff levels (classic, comfort, premium) covering liability, partial and full comprehensive cover, with optional add-ons.
• Mopedversicherung (R+V) Moped and scooter insurance distributed via R+V with mandatory liability cover up to €100 million sum insured and optional partial-comprehensive cover.
• Versicherungs-Check (R+V) Complimentary insurance review for members to assess coverage needs, with premium benefits and cashback opportunities via R+V.
• Versicherungen für Privatkunden Personal insurance products distributed via R+V partnership covering private liability, household contents, dental supplementary, occupational disability, and homeowners insurance.
• Versicherungen für Firmenkunden Business insurance solutions distributed via R+V partnership, including construction, professional liability, trade credit, and IT security coverage.
• Risikoanalyse Risk-analysis tool available in OnlineBanking and the VR Banking App that identifies insurance coverage gaps and provides personalised recommendations.
• Private Rentenversicherung (R+V) Private pension insurance distributed via R+V, including indexed participation, Rürup pension, and immediate annuity options for retirement income.
• Betriebliche Altersvorsorge (bAV) Occupational pension scheme allowing employees to convert part of gross salary into retirement savings with tax advantages, distributed via Union Investment/R+V.
• Fondsgebundene Rentenversicherung Fund-linked pension insurance combining insurance protection with capital-market investment exposure.
• UniProfiRente/4P Riester pension fund savings plan distributed via Union Investment for government-subsidised retirement savings.
• VR Banking App Mobile banking application for private and business customers with account management, mobile payments (Apple Pay, Google Pay, Wero), photo transfers, brokerage access, e-postfach, prepaid reload, and branch/ATM finder.
• VR SecureGo plus Dedicated TAN and transaction-approval app for securely authorising OnlineBanking transactions and online credit-card payments.
• Online-Geschäftsstelle (OGS) Web-based online-branch portal that allows customers to open accounts, apply for credit, and submit service requests digitally.
• VR-NetWorld Software Desktop banking software for private customers to manage finances from their computer.
• Profi cash Banking software for SMEs enabling professional cash management and payment processing.
• GENO cash Flexible banking software for medium and large enterprises within the cooperative financial network.
• BankingManager Payment-management tool for optimising cash flow and transaction handling across multiple accounts.
• Wertpapierdepot Securities custody account for investing in stocks, bonds, and Union Investment funds, with brokerage access via the VR Banking App and OnlineBanking.

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration8 records

Feature4 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• R+V VersicherungcoreStrategic or Co-development PartnerVolksbank Lübeck eG distributes R+V Versicherung products across property, casualty, health, motor, and pension lines. R+V is one of Germany's largest insurers with over 9 million customers, more than 18,400 employees, and approximately 26 million insured risks. The bank offers R+V products including motor insurance (Kfz, moped), home insurance, liability insurance, and the Versicherungs-Check for members with cashback benefits. R+V also offers an online customer portal (Meine R+V).
• DZ BANK AGcoreStrategic or Co-development PartnerDZ BANK is the central institution of the German cooperative banking sector. It provides the FörderWelt and FördermittelFinder platforms (subsidised loan programme discovery), EBICS infrastructure, and access to capital markets products. Volksbank Lübeck uses DZ BANK services for enterprise banking software, payment systems, and syndicated lending. DZ BANK also consolidates the cooperative group's financial statements for the joint rating by FitchRatings (AA-) and Standard & Poor's (A+).
• Union InvestmentcoreStrategic or Co-development PartnerUnion Investment is one of Germany's leading fund management companies with over 5.8 million customers. Volksbank Lübeck distributes Union Investment products including the UniProfiRente/4P (Riester pension), fondsgebundene Rentenversicherung, and general investment fund products. The bank's customers can manage their Union investment depot through OnlineBanking and the VR Banking App.
• Bundesverband der Deutschen Volksbanken Raiffeisenbanken (BVR)coreStrategic or Co-development PartnerBVR is the national industry association for German cooperative banks. It operates the BVR Institutssicherung GmbH (institutional protection scheme) and the voluntary security facility protecting customer deposits. BVR also manages the joint ratings, publishes the cooperative principles, and provides the shared branding and values framework. All 700+ cooperative banks are members.
• TeamBank (easyCredit)minorChannel Partner/ Reseller/ DistributorTeamBank provides the easyCredit consumer credit product offered through Volksbank Lübeck's digital and branch channels. Customers can access the easyCredit customer portal via links on the bank's website.
• Bausparkasse Schwäbisch HallminorChannel Partner/ Reseller/ DistributorSchwäbisch Hall is Germany's largest building society (Bausparkasse). The bank provides access to Schwäbisch Hall's home savings and construction financing products via a customer portal link.
• VR Equitypartner GmbHminorStrategic or Co-development PartnerVR Equitypartner provides equity capital and mezzanine financing for SME succession and growth transactions. It is an initiative of the Genossenschaftliche FinanzGruppe (DZ BANK, VR Equitypartner, DZ PRIVATBANK) and is referenced on the Unternehmensnachfolge (business succession) product page as a competence centre for succession planning.
• KfW (Kreditanstalt für Wiederaufbau)coreStrategic or Co-development PartnerKfW is the German development bank providing subsidised loans for SMEs, green investments, and innovation. Volksbank Lübeck offers the KfW ERP-Gründerkredit – StartGeld (up to €200,000) for business founding and uses KfW programmes for energy efficiency and climate-friendly commercial property renovation loans. The bank acts as intermediary (Hausbank) submitting KfW loan applications on behalf of customers.
• Unternehmensbörse nexxt-changeminorChannel Partner/ Reseller/ Distributornexxt-change is a national business marketplace (Unternehmensbörse) for SMEs available for takeover or capital injection. Operated as an initiative of the Genossenschaftliche FinanzGruppe (DZ BANK, VR Equitypartner, DZ PRIVATBANK). Volksbank Lübeck directs business succession customers to the platform to find suitable acquisition targets.

Scale indicators12 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Volksbank Hamburg: Volksbank Hamburg is a regional cooperative bank (Volksbank) operating in the adjacent Hamburg metropolitan area, sharing the same Genossenschaftsbank charter, product lineup (Girokonto, Baufinanzierung, R+V insurance, Union Investment), and group affiliation (Genossenschaftliche FinanzGruppe). It is the most structurally and geographically comparable cooperative-bank peer to Volksbank Lübeck.
• Sparda-Bank Hamburg: Sparda-Bank Hamburg is part of the Sparda-Banken group, a network of cooperative-style banks serving primarily public-sector employees but operating under a similar cooperative ethos in the northern German market. Comparable on customer-segmentation philosophy (member-oriented, advisory-led) and product breadth (current accounts, lending, insurance, investments).
• PSD Bank Nord: PSD Bank Nord is a cooperative-ethos retail bank serving northern Germany with a similar advisory-led model and member-oriented structure. Comparable in size, regional scope, and customer focus to Volksbank Lübeck, sharing cooperative values and product distribution via R+V and Union Investment partners.
• DKB AG (Deutsche Kreditbank): DKB is a major German direct/online retail and SME bank that competes with Volksbank Lübeck on current accounts, consumer lending, and investment products (DKB Broker). Although not a cooperative, its digital-first model represents the closest competitive benchmark on digital banking and transaction-based revenue in the German retail banking space.
• ING-DiBa AG: ING Germany is the largest direct/online retail bank in Germany by customer base, offering Girokonto, consumer credit, brokerage, and SME services. Directly competes with Volksbank Lübeck on retail checking, savings, and consumer lending — and is a clear reference point for digital banking scale and pricing transparency.
• TARGOBANK GmbH: TARGOBANK is a major German retail and SME bank offering current accounts, consumer credit, and SME financing with a multi-channel (branch + online) model. Competes directly with Volksbank Lübeck in the SME lending segment and consumer credit market, including business operating credit facilities analogous to Volksbank Lübeck's Betriebsmittelkredit.
• BBBank eG: BBBank is a Karlsruhe-headquartered cooperative bank (eingetragene Genossenschaft) with similar products (Girokonto, construction financing, R+V insurance distribution via Genossenschaftliche FinanzGruppe) and member-oriented GTM motion. Comparable on cooperative ownership model, product mix, and reliance on group-shared infrastructure.

Regional players

• Hamburger Sparkasse (Haspa): Haspa is the largest regional savings bank (Sparkasse) in northern Germany, with similar retail and SME focus in the greater Hamburg area. While publicly chartered rather than cooperatively owned, it competes head-to-head with Volksbank Lübeck on current accounts, SME lending, and advisory services in the broader northern German market.

Broad incumbents

• Commerzbank AG: Commerzbank is one of Germany's two major private universal banks, serving retail, SME (Mittelstand), and corporate clients across the country. Comparable on transaction-banking products (Geschäftskonto, Kartenterminals, EBICS connectivity, SEPA processing) and SME succession/lending offerings, though at significantly larger scale and with broader geographic reach.
• Deutsche Bank AG: Deutsche Bank is Germany's largest universal bank with retail (Postbank integration), SME, corporate, and investment banking divisions. A broad incumbent competitor across all of Volksbank Lübeck's product lines (current accounts, mortgage, investment, insurance) — though operating nationally rather than concentrated in the Lübeck region.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Volksbank Lübeck eG