VR Bank Starnberg-Herrsching-Landsberg is currently not planning any further changes to its branch network. In 2023, VR Bank invested a large amount of customer money in fixed-interest securities for the first time in years.
The board also expects the real estate business to pick up this year. The bank currently has around 80,000 customers, 28,500 of whom are also members. The goal is to increase the number of members to 40,000, explained board members Cyrus Ahari and Thomas Vogl. The cooperative principle distinguishes VR Bank from other credit institutions. “We belong to our members,” emphasized Vogl, explaining that the days when the dividend to be paid was viewed as a cost trap are long gone.“The construction industry experienced a crash last year. Investors and home builders have backed down in droves.” The bank's own real estate company's portfolio increased by almost 20 percent last year because there were sellers but no buyers.