Volksbank Lübeck: Successful year despite global crises!

Volksbank Lübeck: Successful year despite global crises!

Lübeck, Deutschland - In the middle of a challenging economic landscape, the Volksbank Lübeck at its 54th Ordinary representative assembly presented as remarkably stable and successfully presented. The event took place in the Media Docks, where the chairman of the supervisory board Lutz Kleinfeldt and the board members Christian Mehrens and Bernhard Rogge presented the positive developments in the 2024 financial year on Wednesday evening. Those responsible made it clear that the geopolitical tensions and the fluctuations on the markets are challenging, but the bank is well positioned in order to offer customers the necessary support.

The customer business shows a considerable upward trend. In this way, customer claims increased by 39 million euros to 742 million euros. Customer deposits also increased by 34 million euros to a total of 843 million euros. The interest surplus grew from 20.4 million euros in the previous year to 24.2 million euros. The commission surplus remained stable at 8.5 million euros, which underlines the continued demand for personal consulting services, despite the mechanized services that many banks offer.

gratifying numbers and a look into the future

The operating result before evaluation is also impressive: it increased to 13.2 million euros, a significant leap compared to 9.7 million euros in 2023. The total assets reached 1,101 million euros at the end of the year, which illustrates the solid basis of Volksbank Lübeck. The members of the cooperative can look forward to their business credit via a dividend of 3 percent.

The number of members remained stable at 14,292 - a good sign of the loyalty of customers to the bank. In order to make the Klingenberg location sustainable, a renovation is planned, the completion of which is targeted for 2027. As part of these measures, the focus is also on sustainability, which is of enormous importance in today's world.

social responsibility and personal transfer

Volksbank is also socially committed: over 66,000 euros were donated to 24 clubs and organizations from the region. Bernhard Rogge, who was awarded the golden badge of honor for his extraordinary commitment, will retire at the end of the year. His successor Markus Baumann will be active on the board from January 1, 2026. It will be interesting for the bank how this generation change affects the future direction.

In addition, Lars Bretschneider was newly included in the Supervisory Board, while Boris Stomprowski left the committee at his own request. Dr. Muriel Helbig and Friedemann Kirschstein were re -elected, which underlines the trust of the members in the continuity of the Supervisory Board.

Overall, Volksbank Lübeck is on a successful course, confirms the positive development of the cooperative banks in Germany, which recorded a good result in the 2024 financial year. According to the Handwerkblatt , the market share of the cooperative banks even rose by 0.6 percentage points. This shows how important personal support and reliability are in an economic environment characterized by uncertainties.