Volksbank Raiffeisenbank Niederschlesien eG

What Volksbank Raiffeisenbank Niederschlesien eG does

Volksbank Raiffeisenbank Niederschlesien eG is a German cooperative bank (eingetragene Genossenschaft) founded in 1859 and headquartered at Elisabethstraße 42/43 in Görlitz, Saxony. The bank serves the Niederschlesien (Lower Silesia) region of eastern Germany, providing retail and commercial banking services to private customers (Privatkunden) and small-to-medium-sized enterprises (Firmenkunden). Its retail product set spans Girokonto current accounts, Mastercard debit and credit cards, easyCredit installment loans (via TeamBank), Festgeld fixed-term deposits, savings and investment products, and insurance brokerage. For business clients, it offers the VR Business account, Unternehmerkredit up to €100,000, international payment services (Auslandszahlungsverkehr), BankingManager payment optimization software, and Unternehmensnachfolge succession advisory.

The bank operates a hybrid digital-physical platform: the VR Banking App (integrating the Wero European payment solution for IBAN-free peer-to-peer transfers) and a cloud-based OnlineBanking portal for self-service, alongside a regional branch network for advisory-led relationship banking. All core technology assets — including the app, portal, BankingManager, and Wero integration — are sourced through the cooperative banking sector's shared infrastructure, anchored by DZ Bank and the genossenschaftliche FinanzGruppe. Product factories within the network provide manufacturing for credit (TeamBank), insurance (R+V Versicherung), asset management (Union Investment), and building society products (Bausparkasse Schwäbisch Hall).

The institution makes money through standard banking revenue mechanics: net interest income on lending and deposit spreads, fee income on account services, payment transaction processing, and commissions on distributed insurance and investment products. As a cooperative, it is owned by its members (depositors/customers) rather than external shareholders, with profits reinvested or distributed to members. The bank is privately held with no parent company, has no disclosed revenue figures, and operates within the legal and supervisory perimeter of German cooperative banking (GDPR-compliant, BFSG/WCAG accessibility-compliant). The 11-employee figure in the source data appears inconsistent with the operational footprint of an active regional bank and is flagged as a potential data capture artifact rather than a verified headcount.

Name

Volksbank Raiffeisenbank Niederschlesien eG

Legal name

Volksbank Raiffeisenbank Niederschlesien eG

Website

https://vrb-niederschlesien.de

Company type

Private

Founded year

1859

Operating status

Operating

Headcount range

11–50 employees

Short description

Volksbank Raiffeisenbank Niederschlesien eG is a member-owned German cooperative bank founded in 1859, headquartered in Görlitz, serving retail and SME customers across Lower Silesia with current accounts, lending, payments, insurance, and investment products delivered through branches and digital channels.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Commercial Banking (522110)

SIC

National Commercial Banks (6021)

akta.pro primary industry

Digital Banking & Neobank Platforms (BPAMAFAD)

akta.pro secondary industries

SME Banking Suite (Business Accounts, Invoicing, Payroll Integrations) (FSAGAAAI), Multi-Currency Accounts, Wallets & IBAN Services (FSAMAIAG)

Keywords

• Retail banking services
• Cooperative banking
• Consumer lending
• Business banking
• Digital payments

Headquarters

HQ city

Görlitz , Sachsen

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

Distribution channels3 records

Marketing channels5 records

Core offering

Volksbank Raiffeisenbank Niederschlesien eG is a German cooperative bank (eingetragene Genossenschaft) founded in 1859 that provides retail and business banking services in the Lower Silesia (Niederschlesien) region. Its offerings include current accounts, Mastercard debit and credit cards, personal loans (easyCredit via TeamBank), fixed-term deposits (Festgeld), mortgages, business accounts, business credit up to 100,000 euros, international payments, and business succession consulting. Digital delivery is centered on the VR Banking App (with integrated Wero payment solution) and OnlineBanking portal, complemented by a regional branch network.

Product overview

Volksbank Raiffeisenbank Niederschlesien eG is a German cooperative bank offering a unified banking platform centered on its OnlineBanking portal and VR Banking App. The core consumer offerings include Girokonto (current account), Debit- und Kreditkarten (Mastercard debit/credit cards), easyCredit instant loans, and Festgeld fixed deposits. For business customers, VR Business accounts, Unternehmerkredit business credit, Auslandszahlungsverkehr international payments, and BankingManager payment management software are provided. The VR Banking App integrates Wero, the European payment solution, enabling IBAN-free transfers and online payments. Additional services span insurance (via R+V), real estate, investment products (VR WachstumsGeld 2.0), and business succession consulting. The bank also offers digital services including online account management, contract revocation tools, and branch appointment scheduling.

Differentiator

Problem solved

Functional benefit

Brands

• VR Banking App: Mobile banking application for customers to manage their finances, payments, and banking services on smartphones and tablets.
• Wero
• VR WachstumsGeld 2.0
• VR Business
• BankingManager
• Unternehmerkredit
• easyCredit

Products and services

• VR Banking App

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature4 records

Partnerships

Seven partnerships are on record, tiered core.

• WerocoreTechnology or IntegrationWero is the European payment solution integrated into the VR Banking App. It enables money transfers without IBAN between friends and family, and Wero-PRO for small business operators. The bank promotes Wero as a key digital payment capability alongside traditional banking services.
• Bausparkasse Schwäbisch HallcoreStrategic or Co-development PartnerBuilding society (Bausparkasse) partner providing building savings contracts (Bausparverträge) for home financing. Customers can exercise their right of withdrawal for contracts with this partner through the partner's website directly.
• R+V VersicherungcoreStrategic or Co-development PartnerInsurance partner (R+V Versicherung) offering insurance products including moped/scooter insurance (Mopedversicherung). Part of the cooperative banking insurance offering. Withdrawal rights exercised through the partner's portal.
• TeamBank (easyCredit)coreStrategic or Co-development PartnerConsumer lending partner offering instant credit products (easyCredit) through the bank's distribution. The bank facilitates access to installment loans and consumer credit with the easyCredit brand, with withdrawal processed through the partner's website.
• Union InvestmentcoreStrategic or Co-development PartnerAsset management and investment partner (Union Investment) providing investment fund products and asset management services. Investment fund transactions and related withdrawal requests are processed through the partner's platform.
• MastercardcoreTechnology or IntegrationCard network partner providing debit and credit card services. The bank offers Mastercard-branded cards including virtual cards for Apple Pay integration, enabling contactless and digital payment capabilities.
• DZ Bank / genossenschaftliche FinanzGruppecoreStrategic or Co-development PartnerCentral institution and umbrella organization for the German cooperative banking sector (Volksbanken Raiffeisenbanken). Provides technology platforms including BankingManager software, payment processing infrastructure, and shared services to member banks like this institution.

Recent moves6 records

Expansion highlights5 records

Emerging players

• ING-DiBa AG: German direct bank with a strong retail deposit and consumer lending franchise. Competes for digitally native retail customers and SME banking relationships through low-cost Girokonto and lending products.
• N26 Bank GmbH: Berlin-based German neobank offering mobile-first retail banking, cards, and increasingly SME/business accounts. Represents the digital-native competitive threat to the subject bank's traditional retail deposit and card franchise.

Direct peers

• Sparda-Bank Berlin eG: Cooperative-style bank (eingetragene Genossenschaft) focused on retail customers in Germany. Comparable cooperative ownership and retail-banking model, with similar product range across accounts, cards, and consumer credit.
• Volksbank Chemnitz eG: German cooperative bank (Volksbanken Raiffeisenbanken) serving the Chemnitz region in Saxony. Same cooperative ownership model, same DZ Bank-affiliated product factory (easyCredit, Union Investment, R+V), and same retail-plus-SME customer focus.
• Sparkasse Oberlausitz-Niederschlesien: Public-sector savings bank (Sparkasse) operating in the same Lower Silesia / Upper Lusatia region as the subject bank. Directly competes for retail and SME customers with overlapping giro account, card, and SME lending products.
• Volksbank Bigge-Lenne eG: Mid-sized German cooperative bank in the Bigge-Lenne region. Comparable cooperative-bank structure, retail and SME customer mix, and reliance on the same DZ Bank cooperative product factory.
• Volksbank Dresden-Bautzen eG: Neighboring cooperative bank in the Dresden–Bautzen area of Saxony. Same cooperative model, shared DZ Bank technology stack, comparable retail/SME product set including VR Banking App and Wero.

Broad incumbents

• DZ Bank AG: Central institution of the German cooperative banking sector. Provides shared technology (BankingManager), payment processing, and product partnerships to the subject bank; functions as the umbrella / wholesale bank for the entire Volksbanken Raiffeisenbanken group.
• Sparkasse (DSGV savings institution network): Network of public-law savings banks (Sparkassen) across Germany. The dominant regional retail/SME banking competitor to the cooperative Volksbanken Raiffeisenbanken sector, with extensive branch coverage and similar municipal/community remit.
• Commerzbank AG: Major German universal bank with full retail, SME, and corporate banking capability. Competes for the same Firmenkunden SME relationships and Privatkunden retail deposits, but at significantly larger scale.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/channel/UCUByPGAIS2k8guqKFKMmbrg
• LinkedInlinkedin.com/company/volksbank-raiffeisenbank-niederschlesien

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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M&A

Investments

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Frequently asked questions about Volksbank Raiffeisenbank Niederschlesien eG