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Bundesverband Der Deutschen Volksbanken Und Raiffeisenbanken
The National Association of German Cooperative Banks (german: Bundesverband der Deutschen Volksbanken und Raiffeisenbanken, BVR) is the umbrella association for the German Cooperative Financial Group. Its origins go back to 1864 as . As of 2015 it had 1,021 members, which represents all the cooperative banks in Germany, including local cooperative banks, PSD banks, Sparda banks, Church banks and Cooperative financial institutions. The BVR represents the interests of the German Cooperative Financial Institutions at both national and international levels and coordinates and develops the joint strategy within the Network. The BVR advises and supports his members on legal, taxation, and business management issues. The Cooperative Financial Group's institutional protection scheme is Germany's oldest deposit guarantee scheme for banks and is run by the BVR. The BVR informs its member banks on economic and political developments and publishes the “Bank-Information” newsletter. Eu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
BVR Logo
A beyond-visual-range missile (BVR) is an air-to-air missile (BVRAAM) that is capable of engaging at ranges of or beyond. This range has been achieved using dual pulse rocket motors or booster rocket motor and ramjet sustainer motor. In addition to the range capability, the missile must also be capable of tracking its target at this range or of acquiring the target in flight. Systems in which a mid-course correction is transmitted to the missile have been used. History Early air-to-air missiles used semi-active radar homing guidance, that is the missile used the radiation produced by the launching aircraft to guide it to the target. The latest generation of BVR missiles use a combination of semi-active and active radar. The first such missiles were relatively simple beam riding designs. The Sparrow 1 mounted on the US Navy's Skyknight became the first operational BVR missile in 1954. These primitive BVR missiles were soon replaced by missiles using semi-active radar homi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
German Cooperative Financial Group
The German Cooperative Financial Group, german: Genossenschaftliche FinanzGruppe Volksbanken Raiffeisenbanken, sometimes referred to in English as "Volksbanken Raiffeisenbanken Cooperative Financial Network", is a major cooperative banking network in Germany that includes local banks named Volksbanken ("people's banks") and Raiffeisenbanken ("Raiffeisen banks"), the latter in tribute to 19th-century cooperative movement pioneer Friedrich Wilhelm Raiffeisen. The Cooperative Group represents one of the three "pillars" of Germany's banking sector, the other two being, respectively, the of public banks, and the commercial banking sector represented by the Association of German Banks. The Bundesverband der Deutschen Volksbanken und Raiffeisenbanken (BVR) is the nationwide representative body of the Cooperative Financial Group. It operates under the Deutscher Genossenschafts- und Raiffeisenverband, the umbrella organization of the German cooperative movement. History Founders' era ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Deposit Guarantee Scheme
Deposit insurance or deposit protection is a measure implemented in many countries to protect bank depositors, in full or in part, from losses caused by a bank's inability to pay its debts when due. Deposit insurance systems are one component of a financial system safety net that promotes financial stability. Overview Banks are allowed (and usually encouraged) to lend or invest most of the money deposited with them instead of safe-keeping the full amounts (see fractional-reserve banking). If many of a bank's borrowers fail to repay their loans when due, the bank's creditors, including its depositors, risk loss. Because they rely on customer deposits that can be withdrawn on little or no notice, banks in financial trouble are prone to bank runs, where depositors seek to withdraw funds quickly ahead of a possible bank insolvency. Because banking institution failures have the potential to trigger a broad spectrum of harmful events, including economic recessions, policy makers maintain ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Association Of Co-operative Banks
The European Association of Co-operative Banks (EACB) (GEBC in French) is the leading trade association for the co-operative banking sector with 27 member institutions and co-operative banks located in 22 countries worldwide. As the representative of the world's largest cooperative banking cluster, the EACB promotes the interests co-operative banks, or banks that provide access to finance at the local level with a relatively small investment. As an international non-profit Association based in Brussels, the EACB is recognised as a key interlocutor for cooperative banks by the regulators and supervisors at EU and International levels. The EACB works together with more than 200 experts from its member organizations. The association represents, promotes and defends the values of the co-operative banking Cooperative banking is retail and commercial banking organized on a cooperative basis. Cooperative banking institutions take deposits and lend money in most parts of the world. C ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Commission
The European Commission (EC) is the executive of the European Union (EU). It operates as a cabinet government, with 27 members of the Commission (informally known as "Commissioners") headed by a President. It includes an administrative body of about 32,000 European civil servants. The Commission is divided into departments known as Directorates-General (DGs) that can be likened to departments or ministries each headed by a Director-General who is responsible to a Commissioner. There is one member per member state, but members are bound by their oath of office to represent the general interest of the EU as a whole rather than their home state. The Commission President (currently Ursula von der Leyen) is proposed by the European Council (the 27 heads of state/governments) and elected by the European Parliament. The Council of the European Union then nominates the other members of the Commission in agreement with the nominated President, and the 27 members as a team are then ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bankcard-Servicenetz
The Bankcard-Servicenetz () is a German ATM card interbank network group provided by the Volksbanken und Raiffeisenbanken services group. Technically it is not an interbank network but uses the pre-existing girocard network. Member banks of this cash credit group charge ATM usage fees at a low level and most customers of the co-operative banks enjoy free withdrawal from their accounts. With 19,200 ATMs the Bankcard-Servicenetz group is the second largest ATM group in Germany (after the savings banks network). In March 2012 more than 99% of the co-operative banks associated in the Federal Association of German 'Volksbanken und Raiffeisenbanken' Co-operative Banks participated in the Bankcard-Servicenetz network. The federal association publishes a list of banks that are ''not'' offering this service. Unlike other ATM groups like the Cash Group and CashPool, the ATM service network of Bankcard-Servicenetz is not free of charge – the service fee is not waived but the compact rest ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Credit Union
A credit union, a type of financial institution similar to a commercial bank, is a member-owned nonprofit organization, nonprofit financial cooperative. Credit unions generally provide services to members similar to retail banks, including deposit accounts, provision of Credit (finance), credit, and other financial services. In several African countries, credit unions are commonly referred to as SACCOs (Savings and Credit Co-Operative Societies). Worldwide, credit union systems vary significantly in their total assets and average institution asset size, ranging from volunteer operations with a handful of members to institutions with hundreds of thousands of members and assets worth billions of US dollars. In 2018, the number of members in credit unions worldwide was 274 million, with nearly 40 million members having been added since 2016. Leading up to the financial crisis of 2007–2008, commercial banks engaged in approximately five times more subprime lending relative t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Volksbanken Und Raiffeisenbanken
The German Cooperative Financial Group, german: Genossenschaftliche FinanzGruppe Volksbanken Raiffeisenbanken, sometimes referred to in English as "Volksbanken Raiffeisenbanken Cooperative Financial Network", is a major cooperative banking network in Germany that includes local banks named Volksbanken ("people's banks") and Raiffeisenbanken ("Raiffeisen banks"), the latter in tribute to 19th-century cooperative movement pioneer Friedrich Wilhelm Raiffeisen. The Cooperative Group represents one of the three "pillars" of Germany's banking sector, the other two being, respectively, the of public banks, and the commercial banking sector represented by the Association of German Banks. The Bundesverband der Deutschen Volksbanken und Raiffeisenbanken (BVR) is the nationwide representative body of the Cooperative Financial Group. It operates under the Deutscher Genossenschafts- und Raiffeisenverband, the umbrella organization of the German cooperative movement. History Founders' era ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Volksbank
There are several banks that operate under the name "Volksbank" (Afrikaans, Dutch and German for "people's bank"). There are also 1,099 independent local Volksbanken in Germany. They are completely separate from the Austrian Association of Volksbanks. Volksbanken are also known as VB (Volk is the German word for people) or as VR (Volksbanken Raiffeisenbanken). Germany - Volksbanken Raiffeisenbanken The "Bundesverband der Deutschen Volksbanken und Raiffeisenbanken" ''(Federal Association of Volksbanken and Raiffeisenbanken)'' is a consortium of 1,099 independent credit unions, which represents the banks as Germany's largest banking group in several marketing affairs and as service partner Genossenschaftliche Finanzgruppe Volksbanken Raiffeisenbanken - ''Cooperative Financial Group''. The Genossenschaftliche Finanzgruppe is the only banking group which survived the financial crisis of 2007-08 without any state intervention. Former subsidiaries of Volksbank, have been sold to Sbe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cooperative Banks Of Germany
A cooperative (also known as co-operative, co-op, or coop) is "an autonomous association of persons united voluntarily to meet their common economic, social and cultural needs and aspirations through a jointly owned and democratically-controlled enterprise".Statement on the Cooperative Identity. ''.'' Cooperatives are democratically controlled by their members, with each member having one vote in electing the board of directors. Cooperatives may include: * es owned and man ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
