Westerwald Bank eG

What Westerwald Bank eG does

Westerwald Bank eG is a German cooperative bank (Volks- und Raiffeisenbank) founded in 1849 and headquartered in Montabaur, serving retail (Privatkunden), business (Firmenkunden) and real-estate (Immobilienkunden) customers in the Westerwald region of Rhineland-Palatinate, Germany. Operating as an eingetragene Genossenschaft (registered cooperative), the bank is owned by its members and is affiliated with the nationwide Genossenschaftliche FinanzGruppe cooperative financial network, which provides access to a broad catalogue of partner-built financial products. Headcount sits in the 501–1,000 range and customer satisfaction is high, with a 4.6/5 Ekomi rating across 3,492 reviews.

The bank's product surface spans current accounts (Girokonto & Bezahlen), personal loans up to €75,000, business loans (Unternehmerkredit) up to €100,000, securities accounts, private banking for high-net-worth clients, residential and commercial real-estate financing (including KfW-subsidised loans) and insurance distribution. Distribution combines physical branches across Hachenburg, Altenkirchen, Westerburg, Höhr-Grenzhausen, Ransbach-Baumbach and Staudt with self-service digital channels — an OnlineBanking portal, the VR Banking App with integrated meinKrypto cryptocurrency trading (via DZ BANK), Wero instant payments and online giro onboarding — supported by dedicated Firmenkunden consultants for SME advisory.

Revenue mechanics follow the standard German cooperative-bank model: net interest income from lending (mortgages, consumer credit, business loans), fee and commission income from account maintenance, payment transactions and cards, plus distribution commissions from cross-selling third-party products from network partners including Union Investment (investment funds, WällerWM-Invest, WällerWachstum ESG), Bausparkasse Schwäbisch Hall (building society products), DZ HYP and MünchenerHyp (commercial and residential real-estate finance), R+V Versicherung (insurance), TeamBank (easyCredit instant credit), VR Payment (e-commerce acquiring) and DZ PRIVATBANK (capital-market research via KapitalmarktDialog). Brand and community equity are reinforced through the semi-annual Wäller Weitblick customer magazine, the Viele Schaffen Mehr regional crowdfunding platform, and recurring WällerINVEST and Family Finance event series.

Name

Westerwald Bank eG

Legal name

Westerwald Bank eG

Website

https://westerwaldbank.de

Company type

Private

Founded year

1849

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Westerwald Bank eG is a regional German cooperative bank (Volks- und Raiffeisenbank) founded in 1849, serving retail and business customers in the Westerwald region of Rhineland-Palatinate through physical branches and digital banking channels including OnlineBanking and the VR Banking App.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Depository Credit Intermediation (5221), Credit Unions (522130)

SIC

National Commercial Banks (6021)

akta.pro primary industry

Digital Banking & Neobank Platforms (BPAMAFAD)

Keywords

• Cooperative banking services
• Retail banking products
• Commercial lending services
• Real estate financing
• Wealth management solutions

Headquarters

HQ city

Montabaur

HQ country

Germany

HQ region

Europe

Offices6 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income: As a cooperative bank (Genossenschaftsbank), Westerwald Bank eG earns interest income from lending activities including mortgages, personal loans (up to €75,000), business loans (up to €100,000), and real estate financing.
2. Fee and Commission Income: Account maintenance fees, payment transaction fees, card fees, and commission income from cross-selling third-party financial products including insurance (R+V Versicherung), building society products (Schwäbisch Hall), and investment products (Union Investment, DZ BANK).
3. Investment and Wealth Management Products: Distribution of investment funds, securities, and wealth management solutions with Union Investment, DZ BANK, and DZ PRIVATBANK, generating distribution commissions.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels5 records

Core offering

Westerwald Bank eG is a German cooperative bank (Volks- und Raiffeisenbank) that provides retail, business, and private banking services to its members in the Westerwald region. Its core offerings include current accounts (Girokonto), consumer and business loans (including easyCredit and Unternehmerkredit), securities and savings products distributed via Union Investment, residential and commercial real estate financing with KfW subsidy support, insurance through R+V Versicherung, mobile and instant payments (Wero), and digital banking via the VR Banking App and OnlineBanking portal. The bank is part of the Genossenschaftliche FinanzGruppe and combines physical branch advisory with digital self-service channels.

Product overview

Westerwald Bank eG operates as a regional cooperative bank (Volks- und Raiffeisenbank) offering a comprehensive suite of banking products and services. The bank's offerings span retail banking (Girokonto & Bezahlen, Kredit & Finanzieren, Wertpapiere & Sparen), private banking services, business/corporate banking (Zahlungsverkehr, Geschäftskonto, Firmenkunden-Finanzierung), and real estate services (Immobilienfinanzierung, Modernisierungskredit, KfW-Förderung). Digital banking is delivered through OnlineBanking and the VR Banking App, with features including cryptocurrency trading via meinKrypto, mobile payments, and secure authentication through VR-SecureGo plus and Sm@rt-TAN-plus. The bank partners with key financial institutions including Union Investment (investment products), TeamBank (easyCredit instant loans), DZ BANK (banking services and BankingManager), and VR Payment (payment processing). Additional offerings include insurance products through R+V Versicherung, savings products like Gewinnsparen, and community initiatives such as crowdfunding through the Viele Schaffen Mehr platform.

Differentiator

Problem solved

Functional benefit

Brands

• WällerWM-Invest: Investment product offered in partnership with Union Investment, featuring promotional gold incentives for investments starting at 30,000 EUR.
• WällerINVEST
• WällerWachstum ESG
• Wäller Weitblick
• Gewinnsparen
• Wero
• meinKrypto

Products and services

• OnlineBanking Digital banking platform allowing retail and business customers to manage accounts, conduct transfers, manage cards, and access banking services online.
• VR Banking App Mobile application for banking on smartphones, providing full account access, transfers, mobile payments, and integrated meinKrypto cryptocurrency trading.
• Girokonto & Bezahlen Current account and payment services including card management and digital payment solutions for retail customers, with online account opening available.
• Kredit & Finanzieren Credit and financing solutions for retail customers, including personal loans up to €75,000 with a quick application process.
• Wertpapiere & Sparen Securities and savings products for retail customers, including mutual funds distributed via Union Investment.
• Private Banking Tailored wealth-management service combining international expertise with cooperative values, including bespoke investment strategies, securities advice, and estate planning.
• Junge Kunden (Young Customers) Entry-level banking products and digital-first banking experience tailored for young adults and first-time banking customers.
• WällerWM-Invest Investment product in partnership with Union Investment offering a promotional 1g fine gold incentive for investments starting at €30,000.
• Kryptowerte handeln (meinKrypto) Cryptocurrency trading service enabling customers to trade selected cryptocurrencies directly within the VR Banking App, integrated with DZ BANK.
• Mobil bezahlen Mobile payment solution allowing customers to pay with their smartphone using digital cards in the VR Banking App.
• Versicherung & Schützen Insurance products providing security for everyday contingencies, distributed through the bank in cooperation with R+V Versicherung.
• Zukunft & Vorsorgen Retirement planning and pension products helping customers ensure financial security in old age, including private pension and Riester offerings.
• Wero Digital payment system enabling customers to pay at participating retailers with instant discounts and fast peer-to-peer transfers.
• easyCredit Instant credit with financial flexibility provided by TeamBank, calculable and contractable online through the bank's website.
• Wertpapierdepot Securities depot account for managing investments such as stocks, bonds, and funds, openable online.
• Gewinnsparen Combined savings and lottery product allowing customers to save regularly while participating in prize draws and supporting charitable causes.
• Zahlungsverkehr Professional payment-transaction products and services for business customers, covering domestic and cross-border payments, SEPA, and cash management.
• Geschäftskonto Business current account providing reliable payment-transaction solutions for companies, including integrated BankingManager cash management.
• BankingManager Cash-management solution by DZ BANK enabling business customers to optimize payment traffic, automate reconciliation, and streamline corporate banking operations.
• Digitaler Finanzbericht Digital financial-reporting service that lets business customers transmit company financial data securely to Westerwald Bank, accelerating credit decisions and underwriting.
• Unternehmerkredit Business credit for companies financing new plans or deferred projects, available up to €100,000 with streamlined application.
• Vermögen & Eigenkapital Business wealth-management service supporting optimal asset allocation across various investments to strengthen company equity and reserves.
• Finanzierung (Business) Financing solutions for every phase of business development, including investment, working capital, and growth financing.
• Vorsorge & Mitarbeiterbindung Solutions for strengthening employee retention through corporate retirement and benefits planning, including company pension schemes.
• Gründung & Nachfolge Advisory service for self-employment start-up and business succession planning, including financing, valuation, and structuring support.
• Auslandsgeschäft International business services supporting cross-border transactions, foreign exchange, trade finance, and correspondent banking for companies with overseas operations.
• VR Branchen special Industry-specific information service providing current market situation insights and intelligence for businesses across various sectors.
• Bezahlen im Online-Handel Online payment systems by VR Payment for e-commerce merchants, offering various payment-acceptance packages for online commerce.
• Immobilie kaufen & verkaufen Real estate buying and selling advisory service providing end-to-end support to customers searching for, marketing, or transacting on properties.
• Private Immobilienfinanzierung Private residential property financing solutions for home buyers, including mortgage structuring, fixed-rate loans, and KfW-subsidy integration.
• Gewerbliche Immobilienfinanzierung Commercial property financing for businesses, delivered in cooperation with DZ HYP and MünchenerHyp.
• Energetisch sanieren Advisory service for energy-efficient renovation and modernization projects, including support in accessing KfW funding programs.
• Modernisierungskredit Loan product for home modernization, age-appropriate conversion, and energy-efficient renovation, with access to state subsidies such as KfW.
• KfW-Förderung KfW government subsidies and favorable loans channeled through Westerwald Bank for energy-efficient building renovation and new construction.
• WällerWachstum ESG Sustainable investment product with ESG (Environmental, Social, Governance) focus offered through the bank's customer magazine and digital channels.
• Crowdfunding (Viele Schaffen Mehr) Crowdfunding platform enabling community-based project financing for regional initiatives in the Westerwald region.

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Twelve partnerships are on record, tiered core and minor.

• Union InvestmentcoreStrategic or Co-development PartnerUnion Investment is the investment fund partner of Westerwald Bank eG. The bank offers WällerWM-Invest products through Union Investment with minimum investment of €30,000, and promotional campaigns offering 1g fine gold gifts. Union Investment also supports WällerWachstum ESG sustainable investment products and the bank's digital investment platform.
• DZ BANKcoreStrategic or Co-development PartnerDZ BANK is the central institution of the German cooperative banking sector. Westerwald Bank participates in DZ BANK Webkonferenzen offering economic outlooks, market analysis, and investment strategy presentations to customers. DZ BANK also provides the meinKrypto cryptocurrency trading integration and investment product catalog.
• VR PaymentcoreTechnology or IntegrationVR Payment provides online payment solutions for business customers, enabling merchants to accept various payment methods in online commerce. Products include omnichannel payment solutions that consolidate online and branch transactions in one system.
• expert.deminorGTM or Marketing Partnerexpert.de is a consumer electronics retail partner for the Wero instant payment campaign, offering €10 instant discount to customers who pay with Wero at expert.de during promotional periods.
• Bausparkasse Schwäbisch HallcoreStrategic or Co-development PartnerSchwäbisch Hall is Germany's largest building society (Bausparkasse) with approximately 6.5 million customers. They are a partner for real estate financing products and the bank recommends their savings plans for building equity for home purchases and modernization.
• DZ HYPcoreTechnology or IntegrationDZ HYP is a leading real estate bank in Germany and the competence center for public sector clients within the Genossenschaftliche FinanzGruppe. They partner with the bank for commercial real estate financing solutions.
• MünchenerHypcoreTechnology or IntegrationMünchener Hypothekenbank eG is a nationally and internationally active real estate bank and close partner of the Volksbanken Raiffeisenbanken for residential and commercial real estate financing.
• TeamBankminorStrategic or Co-development PartnerTeamBank provides the easyCredit instant credit product offered through Westerwald Bank's website, enabling customers to calculate and conclude personal loans instantly online.
• R+V VersicherungcoreStrategic or Co-development PartnerR+V Versicherung is a leading insurance provider within the cooperative financial group, offering personal and business insurance products distributed through the bank's advisors. Referenced in the bank's partner logout and contract cancellation pages.
• GENO EnergieminorStrategic or Co-development PartnerGENO Energie is an energy provider partner offering energy contracts that can be managed through the bank's digital platform, referenced in the contract cancellation page.
• Pro AurumminorStrategic or Co-development PartnerPro Aurum partnered with Westerwald Bank for the 'Historischer Tresore' (Historic Safe) exhibition at the Ransbach-Baumbach branch, showcasing historical safe exhibits from the Tresormuseum Laupheim.
• DZ PRIVATBANKcoreTechnology or IntegrationDZ PRIVATBANK provides the digital KapitalmarktDialog platform for investment seminars and market dialogues, enabling the bank's Private Banking clients and retail customers to access professional investment research and webinars.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Sparda-Bank: Sparda-Banken are a group of regional German cooperative banks serving retail (notably public-sector employees) with full banking services including digital channels and advisory. Highly comparable to Westerwald Bank as a cooperative retail bank anchored in regional branch networks and member-owned governance.
• Volksbank Mittelhessen eG: A larger regional Volksbank Raiffeisenbank cooperative serving central Hesse with retail, business, and real estate banking through branches and digital channels. Direct peer given near-identical cooperative model, product mix, and adjacent geography to Westerwald Bank.
• Volksbank RheinAhrEifel eG: Regional Volksbank serving the Rhein-Ahr-Eifel area of Rhineland-Palatinate with retail, business, and real estate banking. Direct peer sharing the same cooperative ownership model, branch-based distribution, and integration with the Genossenschaftliche FinanzGruppe.
• Nassauische Sparkasse (Naspa): Regional German savings bank (Sparkasse) serving the Nassau region adjacent to Westerwald with retail, business, and real estate banking. Direct competitor for retail deposits, mortgages, and SMB lending in the same regional geography despite being in the Sparkassen rather than Volksbanken sector.
• PSD Bank Rhein-Ruhr eG: A German cooperative retail bank (PSD Bank group) serving individuals with checking, savings, securities, and mortgage products. Direct peer in cooperative retail banking with digital channels and member ownership, comparable product breadth to Westerwald Bank.

Emerging players

• DKB (Deutsche Kreditbank AG): Digital-first German retail and corporate bank serving mass-market customers with online banking, deposits, securities, and real estate financing. Comparable to Westerwald Bank in retail mass-market focus but differentiated by digital-only distribution and larger scale.
• N26 Bank GmbH: Berlin-based German digital-only retail bank with a mobile-first account, deposits, and consumer credit. Emerging player competing for the same digitally native retail customers as Westerwald Bank's OnlineBanking and VR Banking App channels.

Broad incumbents

• ING-DiBa AG: One of Germany's largest retail banks with a digital-first model serving mass-market customers via checking accounts, savings, securities, and mortgages. Broad incumbent competitor for retail deposits and consumer credit across Germany, including the Westerwald region.
• Commerzbank AG: Major German commercial and retail bank offering corporate banking, SME financing, and retail products nationwide. Broad incumbent competing with Westerwald Bank for Firmenkunden, real estate financing, and retail banking across Germany.
• DZ BANK AG Deutsche Zentral-Genossenschaftsbank: Central institution and primary wholesale bank of the German cooperative banking sector. Both a key partner (provides meinKrypto, BankingManager, investment products) and the apex of the cooperative network in which Westerwald Bank operates as a member institution.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/westerwald_bank

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

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 Westerwald Bank eG