Menden. Credit institution pays its members a five percent dividend again. Rainer Scholand reappointed to the supervisory board.
Board member Florian Steuer once again discussed the preparation and implementation as well as the key data and results of the merger with Volksbank Wickede (Ruhr) that took place in May of last year: “The completed merger in a common economic area has created a size that allows us to strengthen both the market position and the future viability of our bank. Generating adequate contribution margins remains our mission, even in times of dynamic challenges.”
Mendener Bank in numbers
Total customer volume managed: 1.26 billion euros
Total assets: 611.3 million euros
Customer deposits: 456 million euros
Loans to customers: 399.5 million euros
Equity according to balance sheet: 53.1 million euros
Members: 9.423
Employees: 87 (plus seven trainees)
Donations and sponsorship: 99 initiatives, kindergartens and schools, sports and support clubs as well as social, non-profit and cultural institutions benefited from a total of 158,500 euros in 2023
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In terms of lending, the bank was below target with a slight decline of one percent to EUR 399.5 million. The reason for the decline in customer receivables was the scheduled repayment of some major commitments in the commercial real estate sector. Hackl also noted that deposits were still at a high level.
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One solid equity base is not only extremely important for meeting European capital requirements and the basis for trust in banks, but also an essential prerequisite for future growth, especially in the lending business. Hackl: “We are all the more pleased that we were able to increase equity again in the past financial year. Total equity now amounts to 53.1 million euros, making up 8.7 percent of the balance sheet total.” In the important Interest business Mendener Bank achieved a surplus of 13.56 million euros compared to the previous year. Income from commission business increased to around 4.47 million euros.
The Mendener Bank has a Annual surplus after taxes of 743,917 euros. This result is significantly higher than the previous year’s level. It will pay its members a dividend of five percent on their shares. The meeting passed a corresponding resolution unanimously.
Rainer Scholand confirmed by re-election to the Supervisory Board
At the end of the election period, the Chairman of the Supervisory Board resigned Rainer Scholand Scholand was elected to the bank’s supervisory board in 1988 and has been a member for 36 years – 22 of which he has been chairman. He was then unanimously elected to the board of directors for a further term of office by the general meeting of representatives. Supervisory Board appointed.
