Stammbach / Oberkotzau The merger of Raiffeisenbank Hochfranken West eG with Raiffeisenbank Gefrees eG is a done deal. At the meeting of representatives of Raiffeisenbank Hochfranken West there were no opposing votes; The representatives of Raiffeisenbank Gefrees unanimously approved the merger two days in advance. A press release from Raiffeisenbank Hochfranken West provides information on this.
Board member Jürgen Wiesel drew a summary of the economic development in Germany. Corona had the year 2020 firmly under control. Raiffeisenbank Hochfranken West eG noticed an increased volume of credit and loan inquiries in the second quarter. “The customers were supported with additional credit funds as well as with suspension of installments and their liquidity was ensured in this difficult phase,” explained Wiesel. He thanked all employees for their above-average commitment. Board member Andreas Schlick reported on the 2020 annual financial statements. According to this, 2020 was very successful for Bank Hochfranken West: “The balance sheet total increased to 297.1 million euros. The increase in the lending business by 8.3 million euros to 150.0 million euros was again very good in the past financial year. There was also great demand for private real estate loans. Customer deposits on the balance sheet amounted to EUR 220 million. Above-average growth was seen in the off-balance sheet deposit business. The increase of 10.3 percent was above the average for the Bavarian cooperative banks. The total customer volume served grew by 29.8 million euros to 621.0 million euros. The previous year’s result was exceeded.
The operating result was above the average of the cooperative association; more than two million euros were added to equity.
The chairman of the supervisory board, Ronald Weber, reported on the work of the supervisory board and discussed the many statutory audits. The members approved the annual financial statements, the appropriation of the balance sheet profit and the dividend distribution of three percent; The actions of the board of directors and the supervisory board were unanimously approved. Annika Popp from Leupoldsgrün was elected to the committee for Ronald Weber, who is retiring for reasons of age. The supervisory board members Jürgen Ruckdeschel, Antonio Uome and Volker Böhm were re-elected. The board of directors thanked Weber for 27 years of service on the supervisory board.
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