Bundesverband Öffentlicher Banken Deutschlands (VÖB)

The Association of German Public Banks (German: Bundesverband Öffentlicher Banken Deutschlands, VÖB) is a leading association within the German banking sector. It represents the interests of 63 banks, including Landesbanks which are the head institutions of the German Savings Banks Finance Group (German: Sparkassen-Finanzgruppe) (and thus also members of the Deutscher Sparkassen- und Giroverband (DSGV, self-translated as "German Savings Banks Association")), as well as the promotional and development banks (German: Förderbanken) owned by the Federal Republic of Germany or the individual German federal states.

Membership

With total assets of some 3,029 billion euros, VÖB's member institutions cover approximately one quarter of the German banking market. Public-sector banks honour their responsibility towards SMEs, other enterprises, the public sector, and retail customers; they are deeply rooted in their respective home regions, all over Germany.

With a 59 percent market share, ordinary VÖB member banks are market leaders in local authority financing; in addition, they provide some 22 percent of all corporate lending in Germany. In 2022, development and promotional banks at federal and state level provided 72 billion euros in new development and promotional loans. VÖB is the only German banking association exercising the functions of an employer association for its member institutions: the Public-Sector Banks’ Employer Association (Tarifgemeinschaft Öffentlicher Banken), which comprises VÖB member institutions with a total of 60,000 employees (as at financial year 2022) and which performs collective bargaining duties.

As of mid-2022, the VÖB's ordinary membership included:[1]

In addition, the VÖB has extraordinary members, which as of mid-2022 included Aareal Bank, Deutsche WertpapierService Bank, several Sparkassen, Landesbausparkassen and cooperative banks, several German stock exchanges, several Swiss cantonal banks, and other miscellaneous institutions such as Land Brandenburg Lotto, Lotto Sachsen-Anhalt, and an Austrian association of building societies.[1]

Deposit insurance

Until end-September 2021, the VÖB operated a mandatory deposit insurance system, the Entschädigungseinrichtung des Bundesverbandes Öffentlicher Banken Deutschlands GmbH, or "VÖB EdÖ". This became largely redundant and was phased out after the regional development banks were removed from the scope of EU banking and deposit insurance law in a revision of the EU Capital Requirements Regulation (CRR). The Landesbanken and DekaBank are affiliated with the deposit insurance and institutional protection scheme of the Sparkassen-Finanzgruppe. The other CRR members of VÖB (including DKB, despite it being a fully-owned subsidiary of BayernLB) have opted to join the Entschädigungseinrichtung deutscher Banken, the mandatory deposit insurance scheme of the Bundesverband deutscher Banken.

The VÖB retains a residual additional (voluntary) deposit insurance scheme, the Einlagensicherungsfonds des Bundesverbandes Öffentlicher Banken Deutschlands e. V., or "VÖB ESF". Its only five members are Calenberger Kreditverein, Deutsche Kreditbank (DKB), Internationales Bankenhaus Bodensee, Landwirtschaftliche Rentenbank, and Ritterschaftliches Kreditinstitut Stade.[2]

Presidents

President (German: Präsident) chairs the executive board (German: Vorstand) of the VÖB.

  • 1970–1976: Kurt Hähnel
  • 1976–1987: Hans Fahning
  • 1987–2001: Friedel Neuber
  • 2001–2004: Hans Dietmar Sauer
  • 2004–2007: Thomas R. Fischer
  • 2007–2009: Siegfried Jaschinski
  • 2009–2013: Christian Brand
  • 2013–2016: Gunter Dunkel
  • 2016–2018: Johannes-Jörg Riegler
  • 2019–present: Eckhard Forst

History
This section is about the formation of today's regional promotional banks and the VÖB itself. For the consolidation that led to today's Landesbanken, see Landesbank.
  • 1916: Verband deutscher öffentlich-rechtlicher Kreditanstalten established in Berlin
  • 1924: Wohnungsfürsorgegesellschaft Berlin established, renamed Wohnungsbau-Kreditanstalt der Reichshauptstadt Berlin in 1937
    • Württembergische Wohnungskreditanstalt established in Stuttgart; renamed Württembergische Landeskreditanstalt in 1932
  • 1934: Badische Wohnungsfürsorgekassen and Badische Landeswohnungsfürsorgeanstalt merged into entity based in Karlsruhe and named Badische Landeskreditanstalt für Wohnungsbau in 1935
  • 1946: Hamburgische Wiederaubaukasse established in Hamburg, renamed Hamburgische Wohnungsbaukasse in 1953, Hamburgische Wohnungsbaukreditanstalt in 1973, and Hamburgische Investitions- und Förderbank in 2013
  • 1950: Landestreuhandstelle Hessen (LTH) established in Frankfurt by agreement of the state of Hesse and Hessische Landesbank Darmstadt
  • 1951: Investitionsbank Hessen established in Frankfurt
    • Saarländische Investitionskreditbank established in Saarbrücken
    • LfA Förderbank Bayern established in Munich
  • 1972: Württembergische Landeskreditanstalt and Badische Landeskreditanstalt für Wohnungsbau merged into Landeskreditbank Baden-Württemberg
  • 1974: Verband deutscher öffentlich-rechtlicher Kreditanstalten renamed Verband Öffentlicher Banken
  • 1991: Sächsische Aufbaubank established in Leipzig by Landeskreditbank Baden-Württemberg
  • 1992: Investitionsbank des Landes Brandenburg established in Potsdam
  • 1993: Landesförderinstitut Sachsen-Anhalt established in Magdeburg
  • 1994: Landesförderinstitut Mecklenburg-Vorpommern established in Schwerin
  • 1998: L-Bank formed from the development finance activities of Landeskreditbank Baden-Württemberg
  • 2002: NRW.Bank spun off from WestLB
  • 2004: NBank established in Hanover
    • Landesförderinstitut Sachsen-Anhalt transformed into Investitionsbank Sachsen-Anhalt
    • Investitionsbank Berlin spun off from Landesbank Berlin
  • 2009: LTH and Investitionsbank Hessen merged into Wirtschafts- und Infrastrukturbank Hessen

See also

References
  1. "Der Verband: Mitglieder". voeb.de.
  2. "Der Einlagensicherungsfonds des Bundesverbandes Öffentlicher Banken Deutschlands e.V. (freiwillige Einlagensicherung)". voeb-es.de.
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