VR-Bank Uckermark-Randow: 4% dividend and strong growth in sight!

VR-Bank Uckermark-Randow: 4% dividend and strong growth in sight!

VR-Bank Uckermark-Randow eG has had a positive 2024 financial year, which has now been recognized at the general meeting. Board members Jan Meese and Ronny Sattler presented the members in the Uckerseehalle in Prenzlau with a balance sheet total of an impressive 949 million euros. This corresponds to an increase of 3.3 percent compared to the previous year, which underlines the positive development of the bank and shows that it has a good hand at making money. Particularly noteworthy are customer deposits, which rose by 2.8 percent to a total of 820 million euros. These numbers Nordkurier reflect the great demand for flexible forms of investment, which are very popular with members.

The bank's loan volume grew by 2.1 percent to over 314 million euros. These loans came primarily from medium-sized businesses, agriculture and private customers. Sustainable investments were a focus, as many private customers focused on housing construction, modernization and energy-efficient measures. These developments show that the bank further consolidated its role as a stable and anchored financial partner in the region.

A dividend that makes the heart happy

In this context, the members are particularly pleased about the planned dividend payment of 4 percent, which amounts to a total of around 566,916 euros. However, this decision is still subject to approval at the general meeting on June 18th. The impressive donation volume of 102,000 euros, which is used to support local associations and projects, also shows the bank's social commitment and its value to the community.

“We are optimistic about the future,” said CEO Dr. Martin Polle, who held his last general meeting as a board member. He will pursue new professional challenges and was particularly recognized for his visionary leadership and commitment. Around 450 members and guests took part in the meeting, who were able to look back proudly on the success of their bank. The focus was on the exchange about the positive impact on the bank's asset, financial and earnings situation. After all, easy-to-understand communication and democratic participation are just some of the features that make cooperative banks in Germany so valuable, as Statista highlights.

A look into the future

VR-Bank Uckermark-Randow shows that it has a strong equity base, which, with a total capital ratio of 21.64 percent, is well above the required 16.30 percent. These figures confirm the stability and reliability of the bank, which is not only firmly anchored in the region but also plays an important role in the German banking sector. While membership numbers at many other banks are declining, the cooperative bank is well positioned and looks to the future with confidence.

In conclusion, it can be said that VR-Bank Uckermark-Randow was successful in its goal of offering its members a reliable and growth-oriented bank. With a clear focus on regional needs and state-of-the-art investment options, it remains an important partner in the Uckermark.