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BUDENHEIM – Corona made it compulsory: The general assembly of the Budenheimer Volksbank had to take place this year virtually, i.e. via an online telephone connection. Board spokesman Bernhard Kurz and Wolfgang Klein, chairman of the supervisory board, sat in the Budenheimer Volksbank and gave their reports. Members who wanted to attend the meeting had to register beforehand. They followed everything on their home PC or overheard over the phone.
Board spokesman Kurz reported a balance sheet volume of 198.8 million euros at the end of last year. This corresponds to an increase of 15 million euros. The balance sheet profit is around 189,000 euros. Members can look forward to a dividend of eight percent on their business assets. Budenheimer Volksbank currently has more than 2230 members.
Other important key figures: At around 112 million euros, the demands on customers represent the largest item on the assets side. “We implemented all reasonable customer requests,” continued the board spokesman. In total, loans totaling around 21 million euros were approved. The equity is around 25 million euros, which means that the target of ten percent of the balance sheet total has almost been achieved.
“Due to our structure, since we only have one branch, we are a very cost-conscious bank,” Bernhard Kurz continued in his report. These cost advantages are passed on to customers and members. In addition, the Budenheimer Volksbank is also an important economic factor for the municipality and the region: This is illustrated, among other things, by the around 170,000 euros in VAT and the around 1.41 million euros in taxes and duties that the bank has paid. Not to forget the around 50,000 euros in dividends that Budenheimer Volksbank made through its foundation in the past financial year.
Overall, Executive Board spokesman Kurz described the past financial year as very satisfactory. The bank coped with the corona crisis, which hit in full in mid-March, and counter closings were avoided. In general, Budenheimer Volksbank is the only bank in Budenheim that still has employees on site.
For the Chairman of the Supervisory Board, Wolfgang Klein, the special general meeting was also the last. Because he no longer stood for the scheduled re-election. He was a member of the committee for 26 years. At his departure, Executive Board spokesman Kurz recalled that Budenheimer Volksbank had total assets equivalent to 67 million euros at the time.
“In 2007 you took over the chairmanship,” Bernhard Kurz continued. During the term of office of Wolfgang Klein, among other things, the establishment of the Budenheimer Volksbank Foundation in 2011, of which he was first chairman, also the renovation of the counter hall in 2015/2016 and the 125th anniversary of the Budenheimer Volksbank in summer 2017. Christian Wiesner was re-elected to the Supervisory Board last year, so that after Wolfgang Klein left the Supervisory Board, together with Dieter Korfmann and Dr. Gerd Simsch, consists of three people.
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