Volksbank Ettlingen Eg

What Volksbank Ettlingen Eg does

Volksbank Ettlingen eG is a German cooperative bank (eingetragene Genossenschaft) headquartered in Ettlingen, Baden-Württemberg, founded in 1875. It operates as part of the Genossenschaftliche FinanzGruppe Volksbanken Raiffeisenbanken, a network of approximately 750 cooperative banks in Germany that share IT infrastructure through Atruvia AG and product partnerships with R+V Versicherung (insurance) and Union Investment (asset management). The bank serves three primary segments: retail customers (Privatkunden) seeking giro accounts, savings, mortgages, and digital banking; SME/mid-market business customers (Firmenkunden) requiring working capital credit, foreign-trade services, succession planning, and employee benefits; and cooperative members (Mitglieder) who hold membership shares and gain voting rights, dividend participation, and access to the MeinPlus benefits program.

The bank's product stack centers on the VR Banking App (iOS/Android), OnlineBanking web portal, VR SecureGo plus two-factor authentication app, Wero instant payment (EPI Company consortium), and Video-Identifikation via IDnow for remote onboarding, supplemented by UnionDepot and Online-Brokerage for investment services. Insurance products are distributed under the R+V brand spanning retail (property, liability, accident, health, life) and business lines (D&O, Betriebshaftpflicht, Rechtsschutz, Warenkreditversicherung, Kautionsversicherung, bAV, Zeitwertkonto, Betriebliche Krankenversicherung). Two wholly-owned subsidiaries extend the ecosystem: Volksbank Immobilien AG (real estate brokerage) and Volksbank Reisen GmbH (travel agency).

Revenue is generated primarily through interest margins on lending (consumer, mortgage, business), account and transaction fees, brokerage commissions on Union Investment products, and insurance distribution commissions from R+V. As a cooperative, profits are partially distributed to members rather than external shareholders. The go-to-market combines physical branch advisory for complex products with self-service digital channels for routine banking, using a genossenschaftliche Beratung (cooperative consulting) philosophy that emphasizes listening before advising. Marketing leverages the cooperative network's shared HausbankWelt Journal, social media (including TikTok), local event sponsorship (notably the Ettlinger Altstadtlauf), and the bank's own Stiftung (foundation) for community engagement.

Name

Volksbank Ettlingen Eg

Legal name

Volksbank Ettlingen eG

Website

https://volksbank-ettlingen.de

Company type

Private

Founded year

1875

Operating status

Operating

Short description

Volksbank Ettlingen eG is a regional German cooperative bank founded in 1875, serving retail customers, SMEs, and cooperative members in Ettlingen through a hybrid digital-and-branch model built on the Genossenschaftliche FinanzGruppe network infrastructure.

Ownership category

akta.pro rank

Product category

Cooperative Retail Banking

NAICS

Depository Credit Intermediation (5221)

SIC

Savings Institutions, Not Federally Chartered (6036)

akta.pro primary industry

Agricultural & Rural Development Banks (FSABAKAE)

akta.pro secondary industries

Mutual Savings Banks & Mutual Thrifts (FSABAEAD), Identity Verification & Digital ID (IDV, eIDAS, biometrics) (FSAGAFAA)

Keywords

• Cooperative banking
• Retail banking services
• Business lending
• Insurance distribution
• Digital banking

Headquarters

HQ city

Ettlingen

HQ country

Germany

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income: Traditional cooperative bank generating revenue primarily from interest margins on lending (consumer loans, mortgages, business financing) and interest on deposits. As a Genossenschaftsbank, profits are distributed partially to members.
2. Commission and Fee Income: Account maintenance fees, transaction fees, card fees, brokerage commissions (via Union Investment), insurance product commissions (via R+V partnership), and foreign exchange/services fees for business customers.
3. Insurance Product Distribution: Commission revenue from distribution of R+V insurance products (property, liability, accident, health, life, D&O, key-person insurance) and R+V Betriebliche Altersvorsorge (company pension schemes).
4. Asset Management and Investment Products: Revenue from investment product distribution including Union Investment funds and UnionDepot management, with commissions on product sales.

Pricing tiers

Go-to-market motion2 records

Distribution channels9 records

Marketing channels6 records

Core offering

Volksbank Ettlingen eG is a cooperative bank (eingetragene Genossenschaft) offering retail and corporate banking services, including giro accounts, savings products, consumer and mortgage lending, business financing, digital banking via the VR Banking App and OnlineBanking, investment products distributed through Union Investment, and insurance products distributed in partnership with R+V Versicherung. The bank also operates two wholly owned subsidiaries: Volksbank Immobilien AG (real estate brokerage) and Volksbank Reisen GmbH (travel agency).

Product overview

Volksbank Ettlingen eG is a cooperative bank providing a platform-based digital banking offering built around the VR Banking App and OnlineBanking as the primary customer-facing products. The core banking stack includes the VR SecureGo plus App for two-factor authentication, the Wero instant payment service for P2P transfers and online payments, Video-Identifikation via IDnow for remote onboarding, and UnionDepot/Online-Brokerage for investment management. For corporate clients, the bank offers business accounts, working capital credits, and international payment services. Insurance products are distributed exclusively under the R+V brand, including Direktversicherung, Gruppen-Unfallversicherung, Betriebliche Krankenversicherung, D&O-Versicherung, Betriebs- und Berufshaftpflichtversicherung, Firmenrechtsschutzversicherung, Warenkreditversicherung, Kautionsversicherung, Zeitwertkonto, R+V-UnternehmensPolice, and Natur- und Elementargefahren coverage. The bank also operates ancillary businesses through the Volksbank Immobilien AG subsidiary and the Volksbank Reisen GmbH travel agency.

Differentiator

Problem solved

Functional benefit

Brands

• Volksbank Immobilien AG: Real estate services subsidiary offering property sales and search services.
• Volksbank Reisen GmbH

Products and services

• VR Banking App Mobile banking application for retail and business customers on iOS and Android enabling account management, transfers, mobile contactless payments, Wero peer-to-peer payments, card management, and brokerage access with multi-bank support.
• VR SecureGo plus App Two-factor authentication and transaction authorization app for iOS and Android, supporting push-based Direct Release (Direktfreigabe) and classic TAN generation, with biometric login via Touch ID, Face ID, and fingerprint. Allows up to three registered devices per user.
• OnlineBanking Web-based digital banking platform for managing accounts, conducting transfers, setting up standing orders, TAN management, card controls, brokerage, and UnionDepot investment management.
• Wero Instant Payment European instant payment digital wallet integrated into the VR Banking App, enabling real-time P2P money transfers using phone numbers or email addresses, and online merchant payments across Germany, France, Belgium, and the Netherlands.
• Video-Identifikation (IDnow) Remote identity verification service via live video chat or smartphone app with SecureGo plus integration, enabling new customers to open accounts and activate financial products without visiting a branch, in compliance with German anti-money laundering law.
• UnionDepot Online investment portfolio management platform for managing money market investments administered by Union Investment, accessible via OnlineBanking.
• Online-Brokerage Online securities trading platform enabling customers to buy and sell stocks and other financial instruments via the internet.
• Geschäftskonto (Business Checking Account) Business current account for firms to manage payment transactions and cash flow, targeted at SMEs and Mittelstand businesses.
• Betriebsmittelkredit (Working Capital Loan) Working capital loan for businesses to finance goods, inventory, raw materials, take advantage of supplier discounts, and maintain liquidity.
• Firmentagesgeld (Business Term Deposit) Business term deposit product for secure short- to medium-term investment of corporate funds.
• Auslandszahlungsverkehr (International Payment Services) International payment services enabling businesses to execute cross-border payment orders quickly and securely, including foreign exchange services.
• MeinPlus Member Benefits Program Membership benefits program offering discounts and exclusive offers from partner merchants to cooperative members with the gold debit card (girocard), including partner discounts across travel, insurance, and retail categories.
• Direktversicherung (R+V) Group life insurance product underwritten by R+V for company-funded employee retirement savings via salary conversion, part of occupational pension scheme (bAV) offerings for businesses.
• D&O-Versicherung (R+V) Directors & Officers liability insurance from R+V protecting managers and board members from personal asset exposure to compensation claims, including unlimited post-contract reporting period.
• Gruppen-Unfallversicherung (R+V) Group accident insurance from R+V providing worldwide 24/7 coverage for work and optional leisure accidents, paying benefits from 1% disability grade with rehabilitation and nursing support services.
• Betriebliche Krankenversicherung (R+V) Corporate health insurance from R+V providing supplementary medical benefits beyond statutory coverage, available for groups as small as 5 employees with configurable annual budgets from 300 to 1,500 EUR per person.
• Betriebs- und Berufshaftpflichtversicherung (R+V) Business and professional liability insurance from R+V protecting companies against financial consequences of errors, accidents, and third-party claims including person, property, environmental, and financial damage.
• Firmenrechtsschutzversicherung (R+V) Business legal expense insurance from R+V covering lawyer fees, court costs, witness expenses, and mediation up to 1,500 EUR per case, with multiple coverage variants including specialized criminal defense Strafrechtsschutz.
• Zeitwertkonto (R+V) Working-time account (time-value account) from R+V Lebensversicherung allowing employees to save salary components, overtime, and vacation for pre-financing sabbaticals, early retirement, or caregiving periods.
• R+V Firmenkunden-Versicherungspakete (Corporate Insurance Packages) Comprehensive corporate insurance offerings from R+V including Warenkreditversicherung (trade credit insurance), Kautionsversicherung (surety bond insurance), R+V-UnternehmensPolice (comprehensive multi-risk package), and Natur- und Elementargefahren (natural hazard/weather insurance) for businesses.
• Volksbank Immobilien AG (Real Estate Brokerage) Subsidiary real estate brokerage service offering property sales and search services for bank customers looking to buy or sell property in the Ettlingen region.
• Volksbank Reisen GmbH (Travel Agency) Subsidiary travel agency offering leisure and business travel services, including wellness trips, city breaks, and long-distance travel bookings accessible via meinreisebuero24.com.

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature5 records

Partnerships

Ten partnerships are on record, tiered core and minor.

• R+V VersicherungcoreGTM or Marketing PartnerR+V Versicherung is the primary insurance partner of the Genossenschaftliche FinanzGruppe. Volksbank Ettlingen distributes a comprehensive range of R+V products including property, liability, accident, health, D&O, legal protection, business interruption, cargo, guarantee insurance, and company pension (bAV) products. The bank offers R+V products for both retail and business customers. The partnership is described as a 'starker Partner' (strong partner) with R+V serving over 9 million customers, 18,400 employees, and 26 million insured risks.
• Union InvestmentcoreGTM or Marketing PartnerUnion Investment is the investment fund and asset management partner of the Genossenschaftliche FinanzGruppe. Volksbank Ettlingen distributes Union Investment products through the UnionDepot platform and Online-Brokerage. Products include investment funds, systematic investment plans, and depot management.
• TeamBankminorGTM or Marketing PartnerTeamBank (easyCredit) is a partner for consumer lending products. The bank refers customers to TeamBank for certain credit products and manages contract-related communications including withdrawal processes.
• GENO EnergieminorGTM or Marketing PartnerGENO Energie is an energy provider partner offering green energy contracts to bank customers. The bank manages contract-related communications including withdrawal processes.
• IDnow GmbHcoreTechnology or IntegrationIDnow is the bank's video identification partner, providing secure real-time identity verification via video chat or smartphone NFC. The service complies with German anti-money laundering law (Geldwäschegesetz) and enables fully remote account opening and product activation without branch visits.
• Atruvia AGcoreTechnology or IntegrationAtruvia AG is the central IT service provider for the Genossenschaftliche FinanzGruppe Volksbanken Raiffeisenbanken. All digital banking services (VR Banking App, OnlineBanking, VR SecureGo plus, Wero) are powered by Atruvia infrastructure. The company serves approximately 750 cooperative banks and Raiffeisenbanken in Germany.
• EPI Company (European Payments Initiative)coreTechnology or IntegrationThe EPI Company is a consortium of European payment service providers and banks behind the Wero instant payment solution. Wero enables real-time payments across participating banks in Germany, France, Belgium, and the Netherlands, with further European expansion planned.
• VR Equity PartnerminorStrategic or Co-development PartnerVR Equity Partner provides advisory services for business succession (Unternehmensnachfolge), helping SME owners transfer their businesses. The bank partners with VR Equity Partner to address the succession planning needs of its business customers.
• Volksbank Immobilien AGminorChannel Partner/ Reseller/ DistributorA subsidiary real estate company offering property brokerage services. The bank's real estate experts assist customers with buying and selling property. The team is represented as part of the bank's ancillary services ecosystem.
• Volksbank Reisen GmbHminorChannel Partner/ Reseller/ DistributorA subsidiary travel agency offering leisure and business travel services. The bank's travel experts assist customers with booking trips. The service is accessible via meinreisebuero24.com and is part of the bank's member benefit ecosystem.

Scale indicators2 records

Recent moves6 records

Expansion highlights6 records

Emerging players

• N26 GmbH: Berlin-based digital neobank targeting the same German retail customers as Volksbank Ettlingen with a mobile-first account, cards, and increasingly lending products. Represents the emerging digital-native competition for primary banking relationships.
• Revolut Ltd (Germany operations): UK-headquartered digital financial super-app with a growing German customer base. Targets retail deposits, payments, and increasingly wealth and lending — competing for the same digitally-engaged retail customers in the Ettlingen catchment.

Broad incumbents

• DZ Bank AG: Central institution of the Volksbanken Raiffeisenbanken cooperative network and wholesale/FIMA bank. Operates broadly across the same ecosystem as Volksbank Ettlingen but at a vastly larger scale, serving as the network's corporate, capital markets, and treasury hub.
• Deutsche Bank AG: Germany's largest full-service bank with overlapping retail, SME, wealth, and payments offerings. Competes with Volksbank Ettlingen on the same Mittelstand customers but operates at national scale and offers a much broader product suite.
• ING-DiBa AG (ING Deutschland): Germany's largest direct bank offering retail and SME banking primarily through digital channels. Competes with Volksbank Ettlingen on the same retail deposit, savings, and mortgage customers with a low-cost, branchless model.
• Commerzbank AG: Major German commercial bank with strong Mittelstand and retail banking franchises. Comparable in product mix to Volksbank Ettlingen but serves a national footprint and offers more sophisticated treasury and capital markets services.

Direct peers

• Volksbank Freiburg eG: Another Baden-Württemberg Volksbank with the same cooperative charter, retail/Firmenkunden segmentation, and shared Genossenschaftliche FinanzGruppe infrastructure. Directly comparable in scale, customer mix, and product offerings.
• Sparda-Bank Baden-Württemberg eG: Cooperative-style retail bank targeting specific employee groups in Baden-Württemberg. Similar member-centric retail banking focus, similar digital and branch distribution, comparable regulatory and tax treatment — a directly comparable cooperative bank in the same geography.
• Volksbank Karlsruhe eG: Regional cooperative bank in nearby Karlsruhe operating under the identical Genossenschaftliche FinanzGruppe model. Same retail + Mittelstand focus, same shared IT and partner ecosystem, same member-owned structure — making it the closest functional peer for Volksbank Ettlingen.
• Sparkasse Karlsruhe Ettlingen: Public-sector savings bank serving literally the same city (Ettlingen) as Volksbank Ettlingen. Directly comparable on regional retail and SME banking, branch footprint, and customer demographics — the natural local competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• TikToktiktok.com/@volksbank.ettlingen?_r=1&_t=ZG-95PsxjeXDDl
• Facebookfacebook.com/691546834379170
• LinkedInlinkedin.com/company/volksbank-ettlingen-eg

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries2 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 Volksbank Ettlingen Eg