Vreg - Volksbank Raiffeisenbank Eg

What Vreg - Volksbank Raiffeisenbank Eg does

Volksbank Raiffeisenbank eG (VReG) is a German cooperative bank (eingetragene Genossenschaft) headquartered at Breite Straße 7, 25524 Itzehoe, Schleswig-Holstein, operating since 1868 within the Genossenschaftliche FinanzGruppe Volksbanken Raiffeisenbanken network. The bank serves retail customers (Privatkunden), business customers (Firmenkunden - primarily SMEs), and a private-banking/wealth-advisory segment (Vermögensberatung) through a hybrid model combining a regional branch network with the VR Banking App and OnlineBanking portal. The core technology stack consists of the cooperative-shared digital banking platform (delivered via Atruvia), the VR Banking App, and OnlineBanking with multibanking aggregation; payments infrastructure supports Apple Pay (virtual Mastercard/Visa), Wero instant euro transfers, and the digital girocard with individualized authentication.

The product portfolio spans current accounts (Girokonto, Geschäftskonto), lending (Unternehmerkredit up to EUR 100,000, easyCredit via TeamBank), cards (Mastercard and Visa debit and credit), savings and investments (Festgeld, Wertpapierdepot, Online-Brokerage, VermögenPlus index/ETF/active funds via Union Investment), insurance (Auslandsreise-Krankenversicherung and Direktversicherung via R+V), building society products (Bausparkasse Schwäbisch Hall), mortgages (Münchener Hypothekenbank), foreign payments (Auslandszahlungsverkehr via DZ BANK), and advisory services (Unternehmensnachfolge, DZ PRIVATBANK for affluent clients). Revenue is generated from net interest income on loans and deposits, transaction fees and account service charges, and commission-sharing from partner-product distribution (insurance, investment funds, building savings, credit). Distribution combines relationship-led advisory through physical branches with self-service digital channels and is supplemented by an active social-media presence (Instagram, Facebook, LinkedIn, Xing, Kununu) and a digital annual report. The cooperative ownership model means customers are members with voting rights rather than external shareholders, and the bank is privately held with no public ticker, no parent company, no subsidiaries, no disclosed funding rounds, and no disclosed revenue.

Name

Vreg - Volksbank Raiffeisenbank Eg

Legal name

Volksbank Raiffeisenbank eG

Website

https://vreg.de

Company type

Private

Founded year

1868

Operating status

Operating

Headcount range

1–10 employees

Short description

Volksbank Raiffeisenbank eG (VReG) is a German cooperative bank headquartered in Itzehoe serving retail, SME, and affluent customers with current accounts, lending, payments, wealth management, and insurance products via its branch network and the VR Banking App.

Ownership category

akta.pro rank

Headquarters

HQ city

Itzehoe

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, Supply Chain

Revenue model

1. Interest Income: Primary revenue from interest differentials on loans, mortgages, and credit products extended to retail and business customers.
2. Commission and Fee Income: Fees from account management, payment transactions, card services, brokerage services, and insurance product distribution through partnerships.
3. Investment Product Distribution: Revenue from distributing third-party investment products including Union Investment funds, DZ BANK services, and wealth management solutions with commission sharing arrangements.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

VReG is a cooperative bank that provides retail and business banking services to customers in the Itzehoe region of Schleswig-Holstein, Germany. Its core offering covers current accounts (Girokonto and Geschäftskonto), lending products (Unternehmerkredit up to EUR 100,000 for businesses and easyCredit consumer loans), debit and credit cards (Mastercard, Visa, digital girocard), savings and investment products (Festgeld, Wertpapierdepot, VermögenPlus wealth management, online brokerage), insurance brokerage (R+V travel health insurance, Direktversicherung company pensions), and advisory services (business succession planning), delivered through physical branches and digital channels (VR Banking App and OnlineBanking portal).

Product overview

VReG operates as a cooperative bank (Volksbank Raiffeisenbank eG) offering a comprehensive portfolio of banking products and services for both private and business customers. The product range spans core banking services (Girokonto, Geschäftskonto), lending products (Unternehmerkredit up to €100,000, easyCredit instant credit), card services (Mastercard and Visa debit/credit cards, digital girocard), digital banking (VR Banking App, Online-Brokerage), savings and investment products (Festgeld, Wertpapierdepot, VermögenPlus), insurance offerings (Auslandsreise-Krankenversicherung via R+V partnership, Direktversicherung), and advisory services (Unternehmensnachfolge). The bank also provides international payment services (Auslandszahlungsverkehr) and integrates with the Genossenschaftliche FinanzGruppe ecosystem including DZ BANK, Union Investment, TeamBank, Bausparkasse Schwäbisch Hall, and other partner institutions. Digital payment capabilities include Wero instant transfers and Apple Pay integration.

Differentiator

Problem solved

Functional benefit

Products and services

• Girokonto Current account for private customers to manage daily banking transactions and finances, with multiple account models (Girokontomodelle) and bundled services.
• Debit- und Kreditkarten Mastercard and Visa debit and credit cards providing payment capabilities domestically and internationally, with secure authentication for internet payments and support for Apple Pay and digital girocard.
• VR Banking App Mobile banking application enabling private and business customers to manage finances on-the-go, access accounts, make payments, and use digital banking services from smartphones.
• Festgeld Fixed-term deposit for private customers offering guaranteed interest rates over the chosen term with no interest rate fluctuations.
• easyCredit Instant consumer credit with financial flexibility, available online for calculation and conclusion, distributed in partnership with TeamBank.
• Online-Brokerage Online securities trading platform enabling private customers to trade quickly and simply on the stock exchange, supported by DZ BANK infrastructure.
• Geschäftskonto Business account for corporate customers to handle payment transactions simply and efficiently.
• Unternehmerkredit Business credit for SMEs available up to EUR 100,000 for new plans or deferred projects, with competitive rates for SME financing.
• Auslandszahlungsverkehr International payment services for processing payment orders across national borders safely and quickly for business customers.
• Direktversicherung Company pension scheme (betriebliche Altersvorsorge / bAV) offered as a direct insurance solution for employees, distributed in partnership with R+V Versicherung.
• Unternehmensnachfolge Advisory service for business succession addressing financial and asset-related questions for SME owners and family businesses.
• VermögenPlus Wealth management solution enabling investment in actively managed funds, index funds, and ETFs, with professional advisory and Union Investment fund access.
• Wertpapierdepot Securities depot enabling private customers to invest in securities with easy online account opening, supported by DZ BANK infrastructure.
• Auslandsreise-Krankenversicherung Travel health insurance protecting against high treatment costs abroad, provided in partnership with R+V Versicherung.

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration12 records

Feature4 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• R+V VersicherungcoreChannel Partner/ Reseller/ DistributorPrimary insurance partner offering R+V insurance products through VReG branches. Products include travel health insurance and comprehensive insurance solutions. Customers can process policy changes and cancellations through R+V's dedicated portal.
• TeamBankcoreChannel Partner/ Reseller/ DistributorDistribution partner for easyCredit instant credit product, offering flexible consumer loans with financial leeway. TeamBank provides the underlying lending product while VReG offers it as part of its product portfolio.
• Union InvestmentcoreChannel Partner/ Reseller/ DistributorInvestment fund partner providing access to managed investment funds distributed through VReG's wealth management and brokerage services.
• Bausparkasse Schwäbisch HallcoreChannel Partner/ Reseller/ DistributorBuilding society partner for home savings and construction financing products, integrated into VReG's real estate and mortgage service offerings.
• Münchener HypothekenbankcoreChannel Partner/ Reseller/ DistributorMortgage bank partner specializing in mortgage lending and Pfandbrief financing, supporting VReG's real estate finance capabilities.
• DZ PRIVATBANKcoreChannel Partner/ Reseller/ DistributorPrivate banking partner within the DZ BANK Group, providing enhanced private banking and wealth management services for affluent VReG customers.
• ReisebankminorChannel Partner/ Reseller/ DistributorCurrency exchange and travel finance services partner for international travel banking needs, including foreign currency and travel money products.
• DZ BANKcoreStrategic or Co-development PartnerCentral institution of the cooperative banking network (Genossenschaftliche FinanzGruppe). Provides capital markets services, financial market information, and webconferences for customers. Part of the core infrastructure supporting VReG's operations and product development.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Emerging players

• N26 GmbH: Berlin-headquartered digital-only challenger bank offering German retail current accounts, payments, and consumer credit via mobile app. Represents the digital-native competitive threat targeting younger customers from traditional branch-based cooperative banks like VReG.

Broad incumbents

• Deutsche Bank AG: Germany's largest universal bank with retail, corporate, wealth management, and investment banking divisions. Overlaps with VReG on retail current accounts, brokerage, and SMB lending, but operates on a vastly larger scale and broader product mandate.
• Commerzbank AG: Major German universal bank with retail/SMB banking (Commerzbank and subsidiary Targobank), corporate banking, and capital markets. Significant overlap with VReG's retail and SMB product set, but with materially larger balance sheet and product breadth.

Direct peers

• Targobank: Privately held German retail bank (Crédit Mutuel subsidiary) offering current accounts, consumer credit, and investment products across digital and physical channels. Competes head-to-head with VReG for retail mass-market and SMB banking relationships in Germany.
• ING-DiBa (ING Germany): Germany's largest direct/online bank, targeting retail customers nationwide with Girokonto, savings, brokerage, and consumer lending. A direct competitor for primary banking relationships and deposits that VReG currently captures through branch relationships.
• DKB (Deutsche Kreditbank AG): Major German direct bank (subsidiary of BayernLB) offering retail current accounts, deposits, consumer lending, and brokerage products as a digital-first alternative to traditional branch banks, pulling customers away from regional cooperative banks like VReG.
• Sparkasse Itzehoe: Local Sparkasse (public-law savings bank) operating in the same Itzehoe geography with the same retail and SMB customer base. Offers an overlapping product set (Girokonto, lending, brokerage, insurance distribution) and competes head-to-head for primary banking relationships in Schleswig-Holstein.

Regional players

• PSD Bank Nord eG: PSD cooperative bank in northern Germany focused on postal/telecoms employee membership but open to retail customers. Offers retail banking, deposits, and lending under a cooperative structure similar to VReG, primarily outside Schleswig-Holstein.
• Sparda-Bank Hamburg: Cooperative bank in northern Germany with a comparable member-owned model and full retail/SMB product range. Operates in a different territory (Hamburg metro) and historically focused on public-sector employee membership, but increasingly competes across the broader cooperative customer pool.
• Volksbank Köln Bonn eG: Volksbank Raiffeisenbank cooperative bank serving the Köln-Bonn region with the same Genossenschaftliche FinanzGruppe affiliation and full banking/products, insurance distribution, and wealth management lineup. Comparable model and offerings, but in a different German region.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/VolksbankRaiffeisenbankeG
• LinkedInlinkedin.com/company/vreg-de
• Instagraminstagram.com/vreg.de

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 Vreg - Volksbank Raiffeisenbank Eg