Volksbank Jerichower Land eG

What Volksbank Jerichower Land eG does

Volksbank Jerichower Land eG is a small registered cooperative bank (eingetragene Genossenschaft) headquartered in Burg, Saxony-Anhalt, Germany, serving retail (Privatkunden) and small/medium-sized business (Firmenkunden) customers across the Jerichower Land district. The bank is owned by its members and operates under the umbrella of the German cooperative banking network (Bundesverband der Deutschen Volksbanken und Raiffeisenbanken / BVR). Its product range covers current accounts, consumer and business credit, savings, payment services, insurance distribution, and securities/investment funds.

The core technology stack is built on the shared cooperative banking infrastructure, with a web-based OnlineBanking portal, an Online-Geschäftsstelle (online branch) for product subscription and service requests, and the VR Banking App for mobile access. Retail offerings include VR-Direkt (a €3.95/month fully digital account), VR-MeinKonto (a free entry-level/youth account), and easyCredit instant loans sourced through TeamBank. Business offerings include Bargeldlos kassieren card payment acceptance (VR Payment), Geschäftskonto business accounts, Unternehmerkredit business credit up to €100,000, and Auslandszahlungsverkehr cross-border payments. The bank distributes insurance (R+V Versicherung), building savings (Bausparkasse Schwäbisch Hall), and investment products (Union Investment, GENO Broker) through partnership channels rather than in-house underwriting.

The bank's revenue mechanics are characteristic of a local cooperative: net interest income from deposits and a modest loan book (capped at €100,000 for SME credit), fee income from account services (e.g., €3.95/month for VR-Direkt), and commission income from cross-selling partner products (insurance, building savings, securities). Distribution combines physical branch offices (Geschäftsstellen) with digital self-service channels. Annual revenue is not publicly disclosed, and no funding, M&A, leadership changes, or growth initiatives beyond the partnership-driven product shelf and digital banking rollout are indicated in the available data.

Name

Volksbank Jerichower Land eG

Legal name

Volksbank Jerichower Land eG

Website

https://vb-jerichower-land.de

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Short description

Volksbank Jerichower Land eG is a small member-owned cooperative bank headquartered in Burg, Saxony-Anhalt, Germany, serving retail individuals and small/medium businesses in the Jerichower Land district with current accounts, credit, payments, and partner-distributed insurance, savings, and investment products via branches and digital channels.

Ownership category

akta.pro rank

Headquarters

HQ city

Burg

HQ country

Germany

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Pricing tiers

Distribution channels4 records

Marketing channels3 records

Core offering

Volksbank Jerichower Land eG is a German cooperative bank offering retail and business banking services in the Jerichower Land region of Saxony-Anhalt. It provides current accounts, credit and loans, savings and investment products, cashless payment solutions, international payments, and insurance distribution through partner networks. Services are delivered via physical branches, an online branch (Online-Geschäftsstelle), and the VR Banking App.

Product overview

Volksbank Jerichower Land eG operates as a cooperative bank offering a unified digital banking platform with multiple integrated products for both retail (Privatkunden) and business (Firmenkunden) customers. The core digital infrastructure consists of OnlineBanking (web portal), the Online-Geschäftsstelle (online business office for product subscriptions and service requests), and the VR Banking App for mobile access. Retail products include VR-Direkt (digital-only account at €3.95/month), VR-MeinKonto (free entry-level account), and easyCredit instant loans via TeamBank. Business offerings include Bargeldlos kassieren card payment processing, Geschäftskonto business accounts, Unternehmerkredit business credit up to €100,000, and Auslandszahlungsverkehr international payment services. The bank also distributes insurance products including Berufshaftpflicht-Versicherung through R+V Versicherung and building society products through Schwäbisch Hall.

Differentiator

Problem solved

Functional benefit

Brands

• VR-Direkt: Digital-only bank account product for fully digital banking.
• VR-MeinKonto
• easyCredit

Products and services

• VR-Direkt
• VR-MeinKonto
• easyCredit
• Online-Geschäftsstelle (Online Branch)
• OnlineBanking
• Bargeldlos kassieren (VR Payment)
• Geschäftskonto
• Unternehmerkredit
• Auslandszahlungsverkehr
• Berufshaftpflicht-Versicherung

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered core and minor.

• Bausparkasse Schwäbisch HallcoreChannel Partner/ Reseller/ DistributorPartnership for building savings products (Bausparen) - offers savings schemes for home modernization and property purchase through the bank's distribution channels
• TeamBankcoreChannel Partner/ Reseller/ DistributorProvider of easyCredit instant loan product - offers instant credit with financial flexibility, distributed through the bank's platform
• R+V VersicherungcoreChannel Partner/ Reseller/ DistributorInsurance partner providing R+V insurance products including professional liability insurance and other coverage products
• Union InvestmentminorChannel Partner/ Reseller/ DistributorInvestment products partner for securities and investment fund services
• GENO BrokerminorChannel Partner/ Reseller/ DistributorBroker platform partner for financial product distribution

Recent moves6 records

Expansion highlights3 records

Emerging players

• N26 Bank GmbH: Germany-headquartered digital-only challenger bank serving retail and SME customers across Germany with a mobile-first account experience, representing the digital-native competitive frontier for local cooperative banks.

Broad incumbents

• DKB (Deutsche Kreditbank AG): Direct bank owned by BayernLB offering retail and SME accounts, payments, and lending through digital channels; targets the same customer base as Volksbank Jerichower Land with a stronger digital product set.
• ING-DiBa AG: Germany's largest direct bank; competes for the same retail and SME primary-banking relationships nationwide with a lower-cost digital-only account model that pressures margins at regional cooperative banks.

Direct peers

• Volksbank Halle (Saale) eG: A larger Volksbank cooperative in Saxony-Anhalt with overlapping product set (accounts, loans, partner-distributed insurance and investment), serving as a comparable reference for cooperative banking economics in the region.
• VR-Bank NordRhône: Volksbank cooperative in the same northern Saxony-Anhalt / Lower Saxony belt; comparable scale, branch-plus-digital model, and partner-product distribution through the BVR network.
• Volksbank Magdeburg eG: Another Volksbank cooperative bank operating in Saxony-Anhalt with comparable retail and SME product portfolio, partner-distributed credit/insurance/investment products, and similar reliance on the BVR cooperative network.
• Kreissparkasse Jerichower Land: The local savings bank (Sparkasse) operating in the exact same Jerichower Land district — directly competing for retail deposits, SME loans, and primary banking relationships in the bank's home market.

Regional players

• Sparkasse MagdeBurg: Public-sector savings bank headquartered in Magdeburg covering the broader Saxony-Anhalt region; competes for the same retail and SME customers via a parallel mix of branches and digital channels.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/volksbank-jerichower-land-eg

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 Jerichower Land eG