What Eckernförder Bank eG does

Eckernförder Bank eG is a regional cooperative bank (eingetragene Genossenschaft) headquartered in Eckernförde, Schleswig-Holstein, Germany, operating as an independent member-owned institution within the nationwide Genossenschaftliche FinanzGruppe Volksbanken Raiffeisenbanken network. The bank serves three customer segments: Privatkunden (retail), Firmenkunden (SMB and larger businesses), and Private Banking (HNW individuals), via three physical branches in Eckernförde, Gettorf, and Dänischenhagen. Core retail products include the tiered Baltic account family (Exklusiv, Komfort, Direkt), Girokonto, Baufinanzierung, easyCredit instant loans, Investmentfonds, Tagesgeldkonto, Aktien, ETFs, and insurance products. Business banking covers Geschäftskonto, Firmenkreditkarte, Betriebsmittelkredit, Warenkreditversicherung, VR Smart Guide accounting integration, and Kartenterminals. Private Banking offers Vermögensverwaltung, Anlageberatung, Immobilienmanagement, Absicherung & Vorsorge, Generationenmanagement, and alternative investments via DZ PRIVATBANK.

The bank's technology stack is the standard cooperative network infrastructure provided by Fiducia GAD: OnlineBanking web portal, VR Banking App (iOS/Android), VR SecureGo plus authentication app, and an Online-Geschäftsstelle (online branch) for digital product applications. No proprietary technology or AI/ML capabilities are disclosed.

Revenue is generated through three primary mechanics: (1) interest income on loans and mortgages (Baufinanzierung, Betriebsmittelkredit, easyCredit); (2) recurring account fees from the Baltic tiered account family ranging from €1.90 to €14.90 per month, with the Baltic Direkt digital account free for customers under 27; and (3) commission-based distribution of partner products from the cooperative network — R+V Versicherung for insurance, Union Investment for funds, TeamBank for easyCredit, Bausparkasse Schwäbisch Hall for Bauspar contracts, and DZ PRIVATBANK for wealth management. The bank does not raise external funding, has no PE/VC ownership, and operates as a member-owned cooperative with profits reinvested locally.

Name

Eckernförder Bank eG

Legal name

Eckernförder Bank eG

Website

https://www.eckernfoerder-bank.de

Company type

Private

Founded year

1874

Operating status

Operating

Headcount range

51–100 employees

Short description

Eckernförder Bank eG is a regional member-owned cooperative bank in Schleswig-Holstein, Germany, serving retail, SMB, and private banking customers through branches in Eckernförde, Gettorf, and Dänischenhagen, plus digital channels and the Volksbanken Raiffeisenbanken partner network.

Ownership category

akta.pro rank

Headquarters

HQ city

Eckernförde

HQ country

Germany

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income: Traditional banking revenue from interest spreads on loans and mortgages provided to retail and business customers. The bank offers Baufinanzierung (property financing), Betriebsmittelkredit (working capital loans), and easyCredit instant loans.
2. Account Fees and Subscription Charges: Monthly account management fees from various checking account tiers (Baltic Exklusiv at €14.90/month, Baltic Komfort at €8.90/month, Baltic Direkt starting at €1.90/month), contributing to recurring revenue stream.
3. Wealth Management and Investment Products: Revenue from Private Banking services, investment fund distribution (Union Investment), and asset management advisory through partnership with DZ PRIVATBANK, generating advisory fees and product commissions.
4. Insurance and Financial Product Distribution: Commission revenue from distributing insurance products (R+V Versicherung), building savings contracts (Bausparkasse Schwäbisch Hall), and other financial products through the genossenschaftliche FinanzGruppe network.

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels4 records

Core offering

Eckernförder Bank eG is a regional cooperative bank (Volksbank-Raiffeisenbank) offering current accounts, mortgages, consumer and business loans, investment funds, private banking, and insurance distribution to retail, business, and high-net-worth customers in the Eckernförde region of Schleswig-Holstein, Germany. The bank delivers its services through a combination of physical branches, digital channels (online banking and mobile apps), and advisory relationships.

Product overview

Eckernförder Bank eG is a cooperative bank (Volksbank-Raiffeisenbank) offering a comprehensive banking platform organized around three customer segments: Privatkunden (private customers), Firmenkunden (business customers), and Private Banking (wealth management). For private customers, the core products include the Baltic account family (Baltic Exklusiv, Baltic Komfort, Baltic Direkt at different price tiers), Girokonto, Baufinanzierung, easyCredit instant loans, Investmentfonds, Tagesgeldkonto, Aktien, ETFs, and insurance products like private liability and fund-linked pension insurance. The digital banking infrastructure comprises OnlineBanking, the VR Banking App, and VR SecureGo plus authentication app. For business customers, key offerings include Geschäftskonto, Firmenkreditkarte, Betriebsmittelkredit, Warenkreditversicherung, Berufshaftpflicht-Versicherung, IT-Sicherheit insurance, VR Smart Guide accounting software, and Kartenterminals. The Private Banking division provides Vermögensverwaltung, Anlageberatung, Immobilienmanagement, Absicherung & Vorsorge, Generationenmanagement, and Sachwerte investments (private equity, venture capital, infrastructure, art, commodities). The bank operates an Online-Geschäftsstelle for digital product applications. Partnerships include Reisebank (currency exchange), DZ PRIVATBANK (private banking), R+V Versicherung (insurance), TeamBank (easyCredit), Union Investment (funds), and VR Smart Guide (accounting).

Differentiator

Problem solved

Functional benefit

Products and services

• Girokonto (Checking Account)

Quantifiable outcome

• Online Nachhilfe (Online Tutoring) valued at €1,780 per year offered free to customers through ubiMaster partnership

Segments3 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration11 records

Feature3 records

Partnerships

Eight partnerships are on record, tiered minor and core.

• ReisebankminorGTM or Marketing PartnerReisebank partnership enables Eckernförder Bank eG to offer currency exchange services to customers. The bank directs customers to Reisebank's online shop for ordering foreign currency, which is then delivered to a desired address. This partnership extends the bank's service portfolio without requiring internal currency exchange infrastructure.
• DZ PRIVATBANKcoreStrategic or Co-development PartnerDZ PRIVATBANK serves as the competence center for Private Banking within the Genossenschaftliche FinanzGruppe. The partnership provides access to sophisticated wealth management services including portfolio management, estate structuring, and foundation advisory. DZ PRIVATBANK has headquarters in Frankfurt with 7 additional German locations plus Luxembourg and Switzerland, enabling international expertise delivery through the local bank relationship.
• R+V VersicherungcoreChannel Partner/ Reseller/ DistributorR+V Versicherung is a core insurance distribution partner offering property insurance, liability coverage, and other insurance products through the bank's distribution channels. The bank offers R+V products including private liability insurance, merchandise credit insurance, and professional liability insurance to its customer base.
• Bausparkasse Schwäbisch HallcoreChannel Partner/ Reseller/ DistributorBuilding savings contract (Bauspar) products are distributed through the bank, helping customers save for property purchases with state subsidies and favorable interest rates. The partnership provides an important home ownership planning tool within the bank's product portfolio.
• TeamBank (easyCredit)coreChannel Partner/ Reseller/ DistributorTeamBank provides the easyCredit instant loan product which the bank offers to customers. The partnership allows the bank to offer competitive instant loans without maintaining own lending infrastructure, with customers able to calculate and conclude loans digitally.
• Union InvestmentcoreChannel Partner/ Reseller/ DistributorUnion Investment is the investment fund partner within the Genossenschaftliche FinanzGruppe, providing access to a wide range of investment funds for customer portfolios. The partnership enables the bank to offer professionally managed investment products to retail and private banking customers.
• Fiducia GAD (VR Banking Systems)Technology or IntegrationFiducia GAD provides the core banking technology platform powering the VR Banking App, OnlineBanking, and VR SecureGo plus authentication app. This is the standard technology provider for the Volksbanken Raiffeisenbanken cooperative banking network.
• ubiMasterminorGTM or Marketing PartnerubiMaster partnership provides online tutoring services valued at €1,780 per year, offered free to bank customers as a member benefit. This digital service adds value to the customer relationship and differentiates the bank from competitors.

Scale indicators1 record

Recent moves6 records

Expansion highlights6 records

Direct peers

• Volksbank Kiel: Volksbank Kiel is another Volksbanken Raiffeisenbanken cooperative bank operating in the same Schleswig-Holstein region, offering the same shared VR product stack to retail, SME, and private banking customers. It is the most direct competitive peer given overlapping geography and identical cooperative-network infrastructure.
• Nord-Ostsee Sparkasse: Nord-Ostsee Sparkasse is a regional savings bank (Sparkasse) serving the Schleswig-Holstein coast including Eckernförde, offering a comparable suite of retail, business, and private banking products through physical branches. It is a direct competitor for the same regional deposit and SME lending customers from a parallel public-sector banking model.
• Sparkasse Eckernförde: Sparkasse Eckernförde is the local savings-bank competitor in the same primary city, competing head-to-head for retail checking accounts, mortgages, and SME financing. It is the closest geographic peer and a direct substitute for many of Eckernförder Bank's core products.
• Hamburger Volksbank: Hamburger Volksbank is a Volksbank Raiffeisenbank cooperative bank in the adjacent Hamburg metropolitan area, using the same VR product stack and partner network (DZ PRIVATBANK, R+V, Union Investment). It is a close model peer for benchmarking member-owned retail/SME/private banking economics in northern Germany.
• Sparda-Bank Hamburg: Sparda-Bank Hamburg is a cooperative direct bank serving northern Germany with a digital-first retail banking proposition, comparable to Eckernförder Bank's Baltic Direkt tier. It competes for price-sensitive regional retail customers who are willing to bank without a physical branch.
• PSD Bank Nord: PSD Bank Nord is a member-owned cooperative direct bank covering northern German states, offering retail banking products on a digital platform. It is a structural peer in cooperative ownership and northern German geography, competing for digitally active retail customers.
• VR Bank Nord eG: VR Bank Nord is a merged Volksbank Raiffeisenbank cooperative operating in the Schleswig-Holstein/Hamburg area, illustrating the scale and consolidation pathway available within the cooperative network. It is comparable as a regional VR cooperative peer with overlapping customer segments.

Broad incumbents

• Commerzbank AG: Commerzbank is a major German commercial bank offering retail, SME, and wealth management products nationally, including in Schleswig-Holstein. It is a broad incumbent competing for the same SME and private banking customers but with national scale and a different ownership structure.
• Deutsche Bank AG: Deutsche Bank is Germany's largest universal bank, serving retail, SME, and wealth/private banking customers nationwide with a broader product set and proprietary technology. It is a broad incumbent competing for Private Banking and SME customers in the same region.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/EckernfoerderBank
• LinkedInlinkedin.com/company/eckernfoerderbank

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 Eckernförder Bank eG