“The corona pandemic is and will remain a health and economic challenge for our bank.” That said, bank board member Karl Seibold at the general assembly of Raiffeisenbank Steinheim in the Albuchhalle. It was one of the first face-to-face events in the pandemic. Since the traditional bank vespers could not otherwise be served at such meetings, the number of members who appeared was more than manageable. 2020 was a good year despite the pandemic, said Seibold, who also had worry lines on his forehead.
People wanted to continue building a house, but are now faced with the problem of borrowing, for example, that the prices of timber alone have risen by 86 percent. In view of the national debt, the pandemic and the current catastrophic floods, Seibold does not expect an improvement in the interest rate front “in the next three to five years”: “We all have to come to terms with the low interest rate environment for better or worse.” For the 2021 financial year, there is already an increase of eight percent in loan loans: “The demand for private housing loans is unbroken.”
But there were also negative things to be heard: Online banking, the obligation to wear a mask to protect against Corona and a few other factors led to a significant decrease in the number of customers who used the services of the Zang branch. It was closed at the end of June. The Raiba, according to Seibold, reached an agreement with the Volksbank Heidenheim that the Zanger members can get cash free of charge at the cash dispenser of the “Zaster-Vaster” vehicle.
Total assets continued to grow
Over the past ten years, the balance sheet total has increased from around 100 million to 162.4 million euros. The balance sheet total grew by around 11.6 million euros in 2020, which corresponds to 7.7 percent.
That is over 60 percent, said bank board member Eduard Reisenauer. Looking at the 2020 financial year, he came to the conclusion: “The Raiffeisenbank has developed steadily.” Customer deposits – from current accounts to savings accounts – grew by around nine million to 133.7 million euros. The off-balance sheet deposits (e.g. at building societies) increased by 4.4 million to 59.3 million euros. Overall, there are 7.7 percent more customer investment volume, which climbed to 193 million euros.
The customer loan volume managed increased by as much as 15 percent to 136 million euros. True to the bank motto “love of home”, most of the loans remained in Steinheim and ended up as contracts with local craftsmen or house builders. 2855 members hold the shares. That is 47 more than in the previous year. Because of the low interest rates, net interest income fell by 48,000 to 2.455 million euros. Administrative expenses, on the other hand, rose by 176,000 euros to 2.513 million. The commission income increased slightly by 76,000 to 802,000 euros.
The outgoing chairman of the supervisory board, Hannelore Eberhardt, highlighted the trusting relationship with the bank’s board members and praised the very committed staff at the Steinheim and Söhnstetten banking centers.
Use of the profit
There were no requests to speak on the reports, so that all resolutions were passed unanimously and quickly. Of the net profit of 124,426 euros, 45,000 euros flow into the statutory and 45,390 euros into the earnings reserve. 34,036 euros remain to transfer a 2.5 percent dividend.
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The test report of the cooperative association did not contain any complaints worth mentioning.
The elections to the supervisory board
Werner Kieser was re-elected to the Supervisory Board of Raiffeisenbank Steinheim. Philipp Junginger (Sontheim / Stubental) takes the previous place of the farewell chairwoman Hannelore Eberhardt in the committee.
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