Raiffeisenbank Munich-Nord: Record year 2024 despite crises!

Raiffeisenbank Munich-Nord: Record year 2024 despite crises!

Raiffeisenbank Munich-Nord recently presented its annual report for 2024 and can look back on a thoroughly successful year. During the presentation, CEO Peter Reischmann and board member Jürgen Kaltenbacher praised the bank's positive development in a challenging economic environment. Reischmann himself even ranked 2024 in the top five of his 25-year career. Despite the generally crisis-ridden times, the balance sheets for the anniversary year show consistently solid results Mercury reported.

The bank was able to close the year 2023 with total assets of 893 million euros and received the trust of its members to the tune of 1.2 billion euros. According to information from Raiffeisenbank Munich-Nord This year, loans totaling 411 million euros were issued, while the inventory values ​​of customer deposits rose to 244 million euros. The equity ratio also improved to 15.82 percent. A notable step was the opening of the customer service center to further improve customer proximity.

Commitment to the community

Another plus for Raiffeisenbank Munich-Nord is its social commitment. Last year, around 125,000 euros were invested in the region through donations and sponsorship. Associations, charitable institutions and social projects received support, with the bank providing 140,000 euros for these purposes alone in 2024.

Particularly noteworthy is the long-term support from the Raiffeisenbank Foundation, which has been supporting social projects for over 15 years. In this way, the bank ensures that it acts in an exemplary manner not only in financial terms, but also in terms of social responsibility.

Digital innovation and challenges

While Raiffeisenbank can look back on a positive balance sheet, there are also challenges ahead. Digitalization is considered a “mega-trend” that not only affects the banking world, but also society as a whole. In this context, banks have to adapt in order to remain competitive Bundesbank explained. The expansion of the video service in numerous branches is a step in this direction. Moosach will be the next branch to receive this innovation, followed by Feldmoching.

However, there are still concerns about the Feldmoching branch. Ongoing construction brings challenges, and Reischmann announced the store may need to close for four to six weeks to complete construction. Three new medical practices, including a pediatrician, are also planned to open on the first floor of the branch, which will further enhance the location.

In conclusion, it can be said that Raiffeisenbank Munich-Nord is well positioned and is remarkably committed to both financial and social aspects. With targeted measures in digitalization and a clear focus on the community, it will continue to make an important contribution to the region in the future.