Annual Report 2013
What Unites Us
eG
Two Annual Reports –
One Layout
In the merger year, the annual reports of the Volksbank Gütersloh and the Bielefelder
Volksbank are independent regarding content. We have already embarked on a
mutual path with regard to the graphic layout. When both annual reports are placed
next to one another, the two titles constitute a single unit.
Bielefelder Volksbank Annual Report 2013
Table of Contents
04 Preface by the Management Board
06 Supervisory Board Report
08 Business Environment
10 Management Board Report for the 2013 Financial Year
14 Cooperation and Commitment
15 Members and Dividends
16 Annual Key Figures
17Outlook
18 Balance Sheet
20 Balance Sheet Profit and Loss Account
21Responsibility
04
Bielefelder Volksbank Annual Report 2013
Preface by the
Management Board
Those willing to face up to the constant market
In November of the previous year, we were thus
changes, have to steer and lead a company with
able to invite the representatives in Bielefeld and
insight and a clear future outlook. This key phrase
Gütersloh to an extraordinary meeting, at which
has characterised the corporate philosophy of our
occasion they could make a decision regarding the
bank for many years.
upcoming merger. With an overwhelming majority,
both councils voted in favour of the presented
In the past year and against this backdrop, we have
merger agreements.
intensively and far-sightedly busied ourselves with
questions regarding the positioning of our Bielefeld
We would like to seize this opportunity to once again
Volksbank when compared to that of our competi-
express our gratitude for the support and the good
tors. At the beginning of the year, in close coopera-
talks we were able to conduct with our members,
tion with our Supervisory Board, we have engaged
customers and numerous media representatives in
in merger talks with the Volksbank Gütersloh and
the lead-up to the decision. All of you supported us
intensively sounded out the chances for a merger of
and strengthened our resolve.
the two co-operative banking associations, which
have been operating successfully here in the heart of
Today we present to you the Bielefeld Volksbank
Westphalia for many years.
annual report for 2013. The new bank will present
its balance sheet outcome in 2014 and the business
It didn’t take long for all involved partners to be
figures in the Volksbank Bielefeld-Gütersloh annual
convinced that a common path toward a large and
report.
high-performance co-operative bank could be a
successful and future-oriented step for both the
Overthe course of the past months, we have invested
customers and members in our market area. Both
a great deal of time to ensure a successful conclusion
co-operative banks are deeply entrenched in the
of the merger. Despite this additional strain and
region and today, from this present position of
the fierce competitive situation in the banking area
strength, can plan a new mutual path for the future.
of Bielefeld, we are delighted to present a positive
business result once again, as also in the past year.
Thus, already in the first half year, the preparations
for a merger were set in motion with openness and
The stable regional economy during the past 12
a great degree of commitment. The representatives
months and, needless to say, the great trust our
and employees of both banks were already involved
members and customers placed in us, form the foun-
in the procedure early on, by means of publications
dation for our bank’s good development.
and numerous information evenings.
Bielefelder Volksbank Preface by the Management Board
Reinhold Frieling
05
Peter Zurheide
2014 will still be dominated by the merging of our
We would also like to express our gratitude toward
two banks. The intensive competition in the financial
the representatives for their commitment in line
services market will also be accompanying us in this
with the co-operative idea and, not least, we would
year. We are happy to take on this challenge and will
like to thank all employees for their tireless efforts.
– in cooperation with our partners from the strong
They make our Volksbank what it is in the first place:
FinanzGruppe co-operative – continue to impress
a strong and successful bank.
our customers with innovative solutions, tailored to
their needs.
We would like to thank all business partners for the
trust placed in us regarding our mutual cooperation.
This business result would not have been possible
without their support.
Reinhold Frieling
Peter Zurheide
06
Bielefelder Volksbank Annual Report 2013
Supervisory Board Report
The duties of our Bielefeld Volksbank’s Supervisory
In a mutual meeting with the Board of Directors, the
Board are stipulated by law and defined in the
Supervisory Board is informed about the findings
articles of association and rules of procedure. The
of the audit. The summarised result of the audit is
cooperation of the Management Board and Super-
presented within the context of the representatives
visory Board is based on transparency and a high
meeting for the Financial Year 2013.
sense of responsibility in the interest of our bank.
At the representatives meeting, held on 26 June
During the year under review, the Supervisory
2013, the members of our Supervisory Board whose
Board regularly received information from the bank
period of office had expired within the due course
management regarding factual issues as referred
of proceedings, Messrs Jörg Seidel, Hans Schmitz
to in the statutes, articles of association and rules
and Diedrich Weber, were once again unanimously
of procedure. It performed its monitoring function
elected as new members of the Board. At the
and adopted resolutions that were within its area of
constituent Supervisory Board meeting, held
authority.
after the representative meeting, Mr Jörg Seidel
was confirmed in the position as Chairman of the
In a total of seven ordinary meetings, the Manage-
Supervisory Board. Mr Diedrich Weber was once
ment Board informed the Supervisory Board about
again appointed as his deputy. In 2014, following the
the business development, the assets, financial, profit
end of their legislative period and in line with the
and risk situation of the bank. Within this context,
orderly rotation, Ms Henrike Gieselmann and Messrs
the bank internal evaluations were discussed
Thomas Kahmann and Ernst-Dieter Thorwesten
extensively and properly. The Management Board
stepped down from the Board. The candidates will
informed the Supervisory Board about all essential
be available for re-election at the decision-making
business developments. The Supervisory Board
meeting of representatives.
audited the annual financial statement, the review of
operations and the proposal for the appropriation of
In the past financial year, the Supervisory Board also
the annual net profits, approved it and endorsed the
had to decide on the replacement of the vacant
suggestion for the appropriation of the annual net
board position, brought on by the illness of Mr
profits. The proposal corresponds with the regula-
Michael Kittel, on 31 March 2013. Within the context
tions of the articles of association of our bank.
of the merger talks, we have been successful at
The Rheinisch-Westfälische Genossenschaftsverband
experienced bank manager from our Gütersloh
securing Mr Reinhold Frieling for the position, an
e. V. Münster, as the responsible legally stipulated
partner, who could accompany the merger process
annual auditor in accordance with the Co-operatives
of the two banks with great expertise.
Act, shall audit the annual financial statement and
review the operations, the economic situation as
The Supervisory Board confirms that all members of
well as the propriety of business management, as
the Management Board managed operations in an
required by law.
orderly manner and would like to thank them for
their open communication at all times concerning
the interests of the bank, their commitment regarding the variety of tasks, and the prudent and at all
times responsible management of our Volksbank.
Bielefelder Volksbank Supervisory Board Report
07
Jörg Seidel
Chairman
The past financial year was characterised by
far-reaching decisions for our Bielefeld Volksbank.
We would like to express our gratitude toward all
The Supervisory Board accompanied the intensive
employees for the excellent job they have done in
negotiations regarding the merger with the Güters-
the past financial year and the intensive, frequently
loh Volksbank. Against the backdrop of an environ-
time-consuming support, as a result of the extensive
ment dominated by increasingly fierce competition
merger preparations. Equally, we would also like to
in the banking market, this was done with the firm
thank all representatives, partners and customers for
conviction that this step would provide the stra-
their trust placed in us and their loyalty toward our
tegic positioning of our bank with a decisive and
bank in the 2013 financial year.
future-oriented impetus. We would like to thank all
representatives for following our deliberations, as
demonstrated by the clear majority decisions taken
Bielefeld, in February 2014
at the extraordinary representatives meeting on 27
November 2013, thus paving the way for the new
Bielefeld-Gütersloh Volksbank.
Jörg Seidel
Chairman
08
Bielefelder Volksbank Annual Report 2013
Business Environment
Still moderate growth throughout Germany
Moderate increase in consumer prices
All in all, the business development in Germany was
In 2013, consumer prices displayed an average
once again strained by the challenging global eco-
increase of 1.5 %. This increase is lower than that
nomic conditions. In accordance with the decision of
of the previous year. This time round, apart from the
the Federal Statistical Office, the GDP only increased
energy prices, the food prices were the price
moderately, by 0.4 %. Although the start of the
drivers and responsible for the official inflation rate.
year still saw further declining export figures, the
Relieving factors came from the health sector.
business climate brightened considerably during the
second half of the year. The uncertainties regarding
Euro zone overcomes the recession
the development within the euro zone declined, and
In 2013, the European sovereign debt crisis lost
a significant upturn in exports positively influenced
some of its edge. Both on the financial markets and
events.
in the economy, positive signals that there would
Consumption as a key growth engine
zone, and that the sovereign debt crisis would be
Private consumption increased by 0.9 %. Jobs were
overcome, increased step-by-step. What is more, the
be a gradual economic recovery within the euro
secure, the number of job vacancies increased and
European crisis states also benefitted from this de-
the agreed incomes increased. By dropping the con-
velopment. Yet, despite the clear recovery tenden-
tribution rate of the statutory pension, and thanks
cies, the business revival remained fragile.
to a slight increase of the statutory tax-exempt
amount, private households experienced additional
ECB drops base rate to 0.25 %
relief. These positive signals, but also the low interest
Against the backdrop of the low price pressure, as
rate for financial investments, facilitated private
well as the fragile economic recovery in the currency
spending.
area, the ECB reinforced is low interest policy in 2013,
Investment climate improved
ECB governing council dropped the base rate in May
The willingness to invest was facilitated by the de-
and November by a quarter per cent in each case,
clining uncertainty regarding the economic and busi-
to 0.25 %. Thus, the main refinancing interest rate
ness development. What is more, the continued, very
dropped to the lowest rate since the introduction of
low interest rate was interesting for investors, and
the euro.
by decreasing the interest rate two more times. The
this contributed in improving the business climate.
Labour market trend remains favourable
Despite the modest economic growth, the German
labour market is still fundamentally sound. The number of employed people increased once more. The
average unemployment rate in Germany remained
virtually unchanged at 6.9 %.
Bielefelder Volksbank Business Environment
09
Euro benefits from recovery in the euro zone
Eastern Westphalian market region
Within the currency area, the common European cur-
A slightly improved investment climate and in-
rency was once again an indicator for the economic
creased private consumption as key drivers – this is
situation in 2013. Although the crisis in Cyprus led to
how we can describe the framework conditions that
the Euro dropping beneath 1.30 US dollars, the cur-
influenced our operations in the eastern Westphalian
rency recovered in the following months, influenced
region in the past twelve months. The exceedingly
by the bail-out measures taken within the context
positive macroeconomic impulses and exceptionally
of rescuing Cyprus, the improvement of the business
well-positioned companies characterised the picture
climate and the reports from the USA regarding the
of eastern Westphalia.
budget dispute and the interest rate development.
At the end of the year, the euro-dollar exchange rate
In addition, secure jobs strengthened the trade and
traded at 1.379 US dollars – which was 6 cents more
service area. A prosperous SME industry, ranging
than at the start of the year.
from handcrafts to globally active family-run enter-
Relaxation on the bond market
development within our market region.
prises, is the flagship of the economically satisfying
Within the context of the European bond market,
and thanks to the economic recovery in 2013, there
has been a relaxation regarding the bond market
DAX Performance 2013
situation. Against this background, the return dif9,500
ferences between the states of the Euro area were
significantly restricted. Government bonds from
the euro area were once again in demand. German
government bonds, on the other hand, became less
popular. Even though the Cyprus crisis did lead to a
slight counter-reaction in the short term, the yields
increased again in the course of the year. At the end
of 2013, the return on German government bonds
7,500
with a ten-year maturity period was at 1.94 %; this
was 64 basis points more than on 31.12.2012.
Jan
Source: GIS-Investor
Summit attempt on the stock markets
The German stock exchange (DAX) performed
extremely well in the past year. Especially during the
last quarter of 2013, the DAX displayed no signs of
vertigo and climbed from one all-time high to the
next. Following a restrained start of the year, it was
especially the reports on continued low base rates in
the USA and Europe, as well as the ongoing economic improvement in the industrialised economies that
ensured sustained optimism on the market. Toward
the end of the year, the DAX was at 9,552 points,
which is an outstanding 25% increase, when compared with the end of the previous year.
Dec
10
Bielefelder Volksbank Annual Report 2013
Management Board Report
for the 2013 Financial Year
Review of the financial year
Credit development
We put the satisfactory business result of the past
Once again, both companies and consumers in the
financial year down to the exceptionally stable state
region proved to be extremely keen investors and
of our regional economy and the great trust the
consumers. The solid business environment and the
members and customers placed in our Bielefeld
continual low interest rate situation led to intensive
Volksbank as a result of this. We take pride in the
and strong demands for credits.
high regard the people in our market region have
for us, because this constitutes the solid foundation
After the growth of 7.4 %, to €651 million (previous
for our successes both today and in the future.
year €606 million), in the balance sheet relevant
credit business, the credit offers of the partners
Despite the double burden brought on by the inten-
from the co-operative FinanzGruppe were coveted
sive merger preparations in the past financial year,
financing alternatives and contributed to the good
we still fully attained our pre-set goals. Especially the
and solid credit development.
credit business developed positively in the course of
the past months. The deposit banking business could
New credit business was at a record level, with a
be broadened. In this regard, the continued trend
volume of €159 million. Still to be added to this was
toward short-term positions is owing to the histori-
€13 million in brokered cooperation loans. All in all,
cally low interest rate level. The concept of making
the local economy was provided with almost €172
provisions for old age is still of great importance and
million for a wide range of different investment
this has led to new sales successes.
projects. Included herein is €6 million for consumer
Balance sheet development
our finance partner easyCredit. On top of this, in the
On 31.12.2013, the balance sheet total of the bank
past financial year, the low-interest state-financed
credits, which we brokered for private customers via
reflected a value of €1,179 million. The primary
aids turned out to be a feasible supplement to the
reason for the 5.2 % decline, in comparison to the
financing offers for numerous investors. In total, we
previous year’s value, is owing to the planned repay-
succeeded at incorporating more than €21 million in
ment of a short-term open market operation with
customer-oriented subsidies within the scope of our
the ECB, which dates back to 2012. This business was
consultancy. The complete credit volume, including
concluded outside of the normal customer positions,
all means of our partners from the FinanzGruppe,
thus entirely without risk. The decision to do this
was €946 million (previous year €917 million) on the
was taken based on revenue considerations and
balance sheet date.
concluded again at the beginning of 2013. We also
removed this transaction from the books, so as not
to enter into merger negotiations with a balance
sheet influenced by adjustments for special factors.
Considering this, we are satisfied with the development of our balance sheet in the past financial year.
Bielefelder Volksbank Management Board Report for the 2013 Financial Year
11
Deposit development
Service business
The interest rates remained at a very low rate for
In the course of the last number of years, apart from
investors in 2013 as well. This considered, the invest-
the core business fields of credits and investments,
ment and savings behaviour of our customers con-
the needs-based offer of services and brokerage
tinued to show a clear change. In this regard, there is
activities has in the meantime established itself as an
a trend toward very short-term investment products,
important element in our bank’s range of articles.
which allow constant availability. With a significant
plus of 7.7 %, the demand deposits are thus included
The yield could be increased to more than €9
in the balance sheet. In contrast to this, the classic
million (+ 4.5 %). Apart from the revenues from the
savings certificate/time deposit (-16.2 %) and the
payment transactions, this position also includes the
savings deposits (-3.9 %) lost favour with savers and
surplus from the brokerage business, which we con-
investors. In the year under review, the sum total of
duct with our strong partners of the co-operative
the balance sheet investments decreased slightly by
FinanzGruppe.
1.6 % and reached a total of €882 million (previous
year €897 million) at the end of the year.
Balance Sheet Figures 2013 in million €
Credits
651
Balance Sheet Total
1,179
Deposits
882
The trend toward alternative and attractive invest-
Thus, in the year under review, more than 1,700 new
ment products of the co-operative FinanzGruppe is
building loan contracts, with a volume of €52 million,
still perceptible in 2013. Building society savings and
were concluded. We already concluded a savings
investments were very popular with our customers.
agreement with a total of 12,011 customers from
In the light of this, the entire supervised customer
our bank with our Bausparkasse Schwäbisch Hall and
deposits of the bank could once more be increased
have thus found a competent partner for the future
by 1.0 % to €1,328 million (previous year €1,315
planning of one’s own home.
million).
12
Bielefelder Volksbank Annual Report 2013
By 31.12.2013, 5,079 bank customers concluded life
The real estate business also grew strongly. The object
insurance with R+V Insurance. The surrender value
volume could be increased by 15 %. A total of 69
of these policies is €66.5 million. In the year under
properties found a new buyer, thanks to our in-house
review, 758 new contracts were secured in the
agents. For owner-occupiers and investors, real estate
books. In 2013, our customers placed 2,207 property
is still very popular. Our service result is at 0.74 % of
insurances with our joint partners.
the average balance sheet total (previous year 0.71 %)
and thus at the upper range, comparable to that of
With 43.2 % (previous year: 41.9 %), the securities and
large co-operative banks.
outcome once again significantly contributed to the
positive overall result. On the balance sheet date,
Assets and financial situation equity
our customers had 1,944 security portfolios and
capital development
9,756 investment accounts at the Union Investment,
The balance sheet equity capital of the bank in-
the large fund partner of our co-operative banking
creased by 1.3 % to €99.9 million. This corresponds
group. In this regard, the old-age provision takes on
with 8.5 % of the balance sheet total and as such
a high priority. With virtually 5,000 Uni-Profi pension
constitutes a solid business foundation. After appro-
contracts, our customers make provisions for old age.
val of the 2013 profit appropriation proposal by the
The portfolios of all fund investments have a value of
representative meeting, in accordance with § 10 of
€218 million (previous year €202 million).
the KWG, the modified available equity amounts to
€90.8 million (previous year €88.1 million).
Assets and Financial Position (Equity) in million €
Funds for general banking risks
8.0
Subscribed capital
Reserves
12.2
79.7
The increase is owing to the increase of the reserves
by the appropriation of profits. Our financial situation is sound. The future requirements regarding
the statutory guidelines of Basel III are already being
satisfied today.
Bielefelder Volksbank Management Board Report for the 2013 Financial Year
13
Financial and liquidity situation
Profit situation
We mainly invested free liquidity in term deposits
The interest surplus – owing to the running time re-
and securities of our banker’s bank, in the short- and
duction of the liabilities – was 2.2 % higher than our
medium-term maturity range. In January 2013, we
targets. Equally pleasing is the commission earnings,
repaid an open market credit in the amount of €50
with a plus of 3.8 %, which significantly exceeded our
million to the Deutsche Bundesbank, which we took
expectations. We are fully satisfied with the outcome,
onto the bank’s books in 2012, based on revenue
and this once again underscores our bank’s high
considerations.
degree of effectiveness.
The Balance Sheet Equity in million €
98.6
99.9
2012
2013
Annual Net Profit in million €
2012
2013
The repayment was planned and served the higher
2,107
2,159
Our ordinary expenses in the administrative services
balance sheet transparency during the merger pro-
increased slightly, yet remained 0.8 % lower than our
cess. The liquidity ratio was always complied in 2013
planning, despite additional merger-related costs.
and, with a statutory minimum value of 1.00, was
During the year under review, due to one-time spe-
at 2.46 on the balance sheet date. The financial and
cial factors, the personnel costs increased.
liquidity situation of our bank is sound, and willing-
The ordinary earnings before tax and valuation
ness to payment is given at all times.
amounts to €8.078 million (previous year €9.575 million), and with 0.66 % (previous year 0.79 %) of the
average balance sheet total, significantly exceeded
our plan targets for the year under review. The total
net profit amounts to €2.159 million (previous year
€2.107 million), thus resulting in a plus of 2.5 %.
14
Bielefelder Volksbank Annual Report 2013
Cooperation and Commitment
Employees
Social commitment
As a bank, to ensure good customer service and
For our bank, we are happy to satisfy the social
competent consulting at all times, well-educated
development mission, as it is a natural result of our
employees are required in all departments. Still to be
co-operative values, and we take on this assignment
added, are the raised demands regarding administra-
in our market region in service of social interests.
tive and statutory stipulations that are to be satisfied by credit institutes today. These requirements
Thus, during the past financial year, we could once
call for a high degree of willingness to learn on the
again provide €140,000 of funding for clubs and
part of the bankers we employ. To ensure that the
institutions. In this manner, we could support more
necessary knowledge transfer is made possible, we
than 160 large and small projects in and around
invested 1,248 workdays in targeted personnel de-
Bielefeld.
velopment measures in 2013. For these measures, we
invested a total of €377k for training costs.
In 2013, on the occasion of the nationwide co-operative “Sterne des Sports” (Stars of Sport) competition,
We are proud that our 333 (previous year 337)
we invited the Bielefeld clubs for the second time.
committed employees succeeded at fulfilling the
We awarded TG Schildesche the large star in bronze,
continually growing requirements of the job
for its highly innovative offer of sport activities for
description to a great extent.
seniors.
20 trainees (previous year 24) are currently learning
In the past summer, Bielefeld was the talk of the
the profession of a banker. The dual course of stu-
town in the state capital of Düsseldorf. Our central
dies offered by us is attracting a great deal of inter-
bank, the WGD Bank, awarded the €6,000 founda-
est with the junior staff members. Studying at a uni-
tion prize to the “Jugend und Politik” (youth and
versity,in combination with the practical vocational
politics) Club, which was nominated by us, for the
training, offers the best prerequisites for subsequent
best political youth work in NRW.
managerial functions.
In December, the Bielefeld Volksbank acted as
Now, with the decision having been taken regarding
mentor for the founding of the first Bielefeld school
the merger, a variety of new professional perspec-
co-operative. At the Carl-Severing vocational college,
tives and development opportunities have opened
we gave young adults a deeper understanding of
up for our employees in a larger and higher-per-
the co-operative idea and accompanied the newly
formance bank. Although the merger will result in
founded company of pupils with practical advice
changes for individuals, it simultaneously creates
regarding the legal form of a co-operative during
entirely new career opportunities for shaping the
their first entrepreneurial steps.
professional future.
Bielefelder Volksbank Cooperation and Commitment
15
Members and Dividends
Also in the past financial year, our bank once again
In light of the earnings situation of the bank for the
welcomed 926 new bank members. A total of 36,812
past financial year, in consultation with the Supervi-
bank members constitute a solid co-operative foun-
sory Board at this year’s representative meeting of
dation of the oldest co-operative bank in Westphalia.
our members, a dividend of 4 % is to be proposed
With 65,778 customers, the Volksbank thus had
for approval.
an impressive membership quota of 56.0 % as per
31.12.2013 (previous year 55.4 %).
Start of 2013
Members
Shares in Liability Amounts
37,206
124,277
12,427,700.00 €
926
991
99,100.00 €
1,320
4,177
417,700.00 €
36,812
121,091
12,109,100.00 €
The subscribed capital of the cooperative shares
decreased in the financial year by
299,576.06 €
The liability amounts have decreased in
the financial year by
318,600.00 €
Amount of the individual share
100.00 €
Amount of the liability sum
100.00 €
Inflow 2013
Departure 2013
End of 2013
Subscribed capital
The remaining members
11,865,793.12 €
The members who have departed
372,686.63 €
From terminated shares in acc. with § 67 b GenG
3,600.00 €
Appropriation of Profits
The management board suggests using
4 % Dividends
487,152.60 €
Legal reserves
800,000.00 €
the balance sheet profits in the amount of
€2,159,121.59 as follows:
Other revenue reserves in acc.
with § 39 the statutes
Total = Balance Sheet Profit
871,968.99 €
2,159,121.59 €
Bielefelder Volksbank Annual Report 2013 / Annual Key Figures
16
1,179
Total assets
in million €
882
Customer deposits
in million €
651
Customer credits
in million €
Representatives
Customer
376
65,778
36,812
Branch Offices
20
Members
333
Employees
20
31
Apprentices
ATMs
4
% Dividends
Bielefelder Volksbank Outlook 2014
17
Outlook 2014
Two become one
Positive development
The merging of Volksbank Gütersloh and Bielefeld
Regarding the credit business, against the backdrop
Volksbank will also be governing our actions in 2014:
of the forecasted overall business trend and the
what will arise is a strong and attractive regional
continually low interest rate situation, we are
co-operative bank for customers and employees. It
anticipating a continuation of the positive develop-
is our objective to ensure that all our customers and
ment. Also as regards the deposit banking business,
members can experience our service philosophy and
we believe that the positive development seen in
tap into additional customer potential within the
the past years will continue. We anticipate that the
market region.
trend toward short-term investment products will
continue.
Membership
For us as a co-operative bank, particular emphasis is
New opportunities
placed on the aspect of membership. The successful
There is plenty of evidence suggesting that 2014 will
added-value member programme, with meetings of
also be a successful business year for us. The larger
members and the member academy, is extended to
business territory also offers plenty of new oppor-
the entire area of operations. By means of this, our
tunities. And we will seize these – because we are
members in Bielefeld can also make use of offers on
well-positioned and can thus take on the business
site. The first meetings of members in Bielefeld have
challenges in this new, larger market region with
already been planned for September.
confidence.
Taking on the challenge
We are certain that we will be able to report on nu-
For the coming year, we are anticipating a situation
merous positive developments in the new Volksbank
of continued intensive competitive on the market
Bielefeld-Gütersloh, also in the coming year.
for financial services, as well as additional regulatory
requirements. In cooperation with our alliance partners, we will also impress our customers with needsbased financing and investment possibilities in 2014.
Assets side annual balance sheet for the year ending on 31 December 2013
Excerpt from the annual balance sheet for the year ending on 31 December 2013
18
2013
2012
€
€
T€
1. Cash Reserves
€
€
a) Cash on hand
8,157,872.42
b)Cash in central banks
8,454,692.81
7,811
8,454,692.81
(7,811)
including: in Deutsche Bundesbank
c) Cash in post giro accounts
0.00
7,563
16,612,565.23
0
2. Debt instruments of public bodies and bills of exchange
licensed for refinancing at central banks
a) Treasury bills and non-interest bearing federal treasury notes
and similar debt instruments of public bodies
including: eligible for refinancing with the Deutsche Bundesbank 0.00
0
0.00
(0)
b)Bills of exchange
0.00
0.00
0
3. Accounts receivable from banks
a) Due daily
b)Other receivables
1,627,712.89
187,735,846.06
96,430
189,363,558.95
228,950
4. Accounts receivable from customers650,796,530.16
606,199
thereof:
secured by charges on real property
Public sector loans
262,651,225.73
(260,966 )
37,915,198.88
( 28,298)
5. Bonds and other fixed interest-bearing securities
a) Money market securities
aa)of public issuers
including: those eligible as collateral at Deutsche Bundesbank
0.00
0
0.00
(0)
ab)of other issuers
including: those eligible as collateral at Deutsche Bundesbank
0.00
6,996
0.00
0.00
(6,996)
b) Debentures and bonds
ba)of public issuers
including: those eligible as collateral at Deutsche Bundesbank
bb)of other issuers
including: those eligible as collateral at Deutsche Bundesbank
83,547,685.24
58,244
81,151,507.16
(53,302)
153,110,396.22236,658,081.46
c) Own bonds
Nominal amount
151,763
152,001,503.48
0.00
(149,621)
236,658,081.46
0
0.00
(0)
6. Bonds and other non-fixed interest-bearing securities35,413,580.31
29,806
7. Participations and capital holdings at co-operatives
a) Interests thereof: in credit institutes
in financial services institutes
29,648,820.41
29,649
8,397,701.38
(8,398 )
0.00
b) Capital shares in co-operatives
thereof: at credit co-operatives
at financial services institutes
1,124,780.00
(0)
30,773,600.41
1,036
490,000.00
(420)
0.00
(0)
8. Shares in affiliated companies 0.000
thereof: in credit institutes
0.00
(0)
0.00
(0)
in financial services institutes
9. Trust Assets10,639.32
thereof: trustee loans
10,639.32
13
(13)
10. Equalisation recovery claims against the public sector
Including bonds from exchange of such claims 0.000
11. Intangible Assets
a) Own industrial proprietary rights and similar rights and
values as well as licences for
such rights and values
0.00
0
b)Payments in advance
0.00
0
0.00
12. Property, plant and equipment
9,506,366.739,667
13. Other assets 9,634,950.18
9,788
14. Accrued and deferred items 127,254.52
122
Total Assets
1,178,897,127.27
1,244,037
Passive side annual balance sheet for the year ending on 31 December 2013
Excerpt from the annual balance sheet for the year ending on 31 December 2013
19
€
€
€
2013
2012
€
T€
1. Liabilities to banks
a) Due daily
b)With an agreed term or termination period 206,338.61
163,380,486.83
10,297
163,586,825.44
208,693
2. Liabilities to customers
a) Savings deposits
aa)With agreed termination period of three months
ab)With agreed termination period of more than 3 months
243,249,991.22250,768
14,678,066.74
257,928,057.96
17,622
ba)Due daily
440,099,050.50
408,454
bb)With an agreed term or termination period 184,145,364.56 219,857
b) Other liabilities
624,244,415.06 882,172,473.02 3. Securitised liabilities
a) Issued bonds
0.00
0
b) Other securitised liabilities
0.00
0
0.00
thereof:
Money market securities
0.00
(0)
Own acceptances and promissory notes in circulation
0.00
(0)
4. Trust liabilities10,639.32
thereof: Trustee loans
10,639.32
13
(13)
5. Other liabilities1,066,416.54
983
6. Accrued and deferred items144,156.80
184
7.Reserves
a) Reserves for pensions and similar obligations
23,705,746.00
b)Tax reserves
74,323.63
c) Other reserves
6,033,059.11
29,813,128.74
20,975
580
4,856
8. Short position0.00 0
9. Subordinated liabilities0.00 0
10. Profit participation capital0.00 0
including: due prior to expiry of two years
0.00
11. Funds for general banking risks thereof: Special items in accordance with § 340e Paragraph 4
(0)
8,000,000.00
8,000
0.00
(0)
12.Equity
a) Subscribed capital
12,242,079.75
12,553
b)Capital reserves
0.00
0
ca) Legal reserve
43,200,000.00
42,400
cb)Other revenue reserves
36,502,286.07
35,695
c) Revenue reserves
d)Balance sheet profit
79,702,286.07
2,159,121.59
94,103,487.41
2,107
Total liabilities
1,178,897,127.27
1,244,037
1. Contingency liabilities
a) Contingency liabilities from bills of exchange
that have been passed on for settlement 0.00
b)Liabilities from guarantees and warranty contracts36,178,530.45
0
38,062
c) Liability from the provision of securities
for third-party liabilities 0.00
36,178,530.45
0
a) Repurchasing duties from non-genuine repurchasing
0.00
0
b) Placing and assumption obligations
0.00
2. Other liabilities
c) Irrevocable loan commitments
50,036,034.55
50,036,034.55
0
31,990
thereof: delivery obligations from interest-related futures
transactions
0.00
(0)
20
Profit and Loss Account for the period from 1 January 2013 to 31 December 2013
Excerpt from the annual balance sheet for the year ending on 31 December 2013
€
€
€
20132012
€
T€
29,074,632.60
31,595
1. Interest earnings from
a) Credit and money market transactions b) Fixed interest-bearing securities and book-entry securities 4,645,508.27
33,720,140.87
6,316
2. Interest expenses9,894,497.57 23,825,643.30
13,119
3. Ongoing income from
a) Shares and other non-fixed interest-bearing securities
1.048.473.93
954
b) Interests and members’ capital contributions held in trade 356,962.07
380
c) Shares in affiliated companies
0.00
1,405,436.00
0
4. Income from profit pools. profit transfer
or partial profit transfer agreements 0.000
5. Commission income9,745,673.17
9,358
6. Commission expenses708,705.32 9,036,967.85
707
7. Net expenses for the trading portfolio 0.000
8. Other operating income899,966.27 1,587
9. Short position 0.000
10. General administrative expenses
a) Personnel expenses
aa) Wages and salaries 14,137,764.23
12,355
ab)Social security and expenses for pensions
and for support
including: for old-age pension costs
18,797,002.41
3,664
2,361,200.94
4,659,238.18
(1,333)
b) Other administrative expenses
8,523,377.7627,320,380.17
7,900
11. Depreciation and value adjustments on intangible assets
and property, plant and equipment1,215,543.50
1,205
12. Other operating expenses1,721,640.23
1,380
13. Depreciation and value adjustments
on receivables and certain securities and additions to reserves
in the credit business345,226.10
1,989
14. Income from additions to receivables and
certain securities and from the
liquidation of reserves in the credit business 0.00345,226.10
0
15. Depreciation and value adjustments on interests.
shares in affiliated companies and securities
treated as assets274,123.52
0
16. Income from additions to interests, shares in
affiliated companies and securities
treated as assets
0.00274,123.52
0
17. Expenses from losses brought forward 0.000
18. Short position 0.000
19. Surplus from normal business activities 4,291,099.90
7,871
20. Extraordinary income0.00 0
21. Extraordinary expenses 0.00 0
22. Extraordinary items0.00
(0)
23. Taxes on income and earnings2,052,409.94
including: deferred taxes
0.00
24. Other taxes insofar as not stated in item 12 79,568.372,131,978.31
3,680
(0)
84
24a.Additions to funds for general banking
risks0.00
2,000
25. Net income2,159,121.59 2,107
26. Profit brought forward from previous year0.000
2,159,121.59
2,107
a) from the legal required reserve
0.00
0
b) from other profit reserves
0.00
0.00
0
2,159,121.59
2,107
a) to the legal reserve
0.00
0
b) to other profit reserves
0.00
0.00
0
29. Balance sheet profit
2,159,121.59
2.107
27. Withdrawals from profit reserves
28. Additions to profit reserves
Bielefelder Volksbank Responsibility
21
Responsibility
Management Board Members
Michael Kittel Quality Assurance (until 31.03.2013)
Reinhold Frieling (as of 01.06.2013)
Credit Management, Overall Bank Management,
Organisation, Revision and Special Duties
Peter Zurheide
Corporate Customers, Private Customers, Sales
Management, Personnel and Proprietary Trading
Supervisory Board Members
Jörg Seidel
Thomas Kahmann
Managing Director
Diplom-Betriebswirt
Hanke+Seidel GmbH & Co. KG
Management Expert Board
Chairman
ASSI TecLog AG
Diedrich Weber
Hans Schmitz
Managing Director of CCD Weber GmbH
Self-Employed Master Painter
Deputy Chairman
Ernst-Dieter Thorwesten
Henrike Gieselmann
Managing Director of
Managing Shareholder of
Autohaus Thorwesten GmbH
Gieselmann-Beteiligungs- und
Verwaltungsgesellschaft mbH
Barbara Wulf-Müller
Practice Assistant
Responsible Auditing Association
RWGV –
Rheinisch-Westfälischer Genossenschaftsverband e. V.
Mecklenbecker Strasse 235 –239
48163 Münster
Main Branches
Main Branch Bielefeld
Main Branch Brackwede
Kesselbrink 1
Hauptstrasse 84
33602 Bielefeld
33647 Bielefeld
Phone +49 (0)521 544-0
Phone +49 (0)521 544-0
Subsidiaries
Branch Subsidiary Jöllenbeck
Subsidiary Sennestadt
Amtsstrasse 31
Elbeallee 73
33739 Bielefeld
33689 Bielefeld
Phone +49 (0)521 544-4080
Phone +49 (0)521 544-4370
Branch Subsidiary Schildesche
Branch Subsidiary Stukenbrock
Westerfeldstrasse 8
Hauptstrasse 15
33611 Bielefeld
33758 Schloss Holte-Stukenbrock
Phone +49 (0)521 544-4200
Phone +49 (0)521 544-4380
Branches
Branch Brake
Branch Potsdamer Strasse
Branch Stapenhorststrasse Braker Strasse 90
Potsdamer Strasse 138
Stapenhorststrasse 34
33729 Bielefeld
33719 Bielefeld
33615 Bielefeld
Phone +49 (0)521 544-4230
Phone +49 (0)521 544-4130
Phone +49 (0)521 544-4070
Branch Dornberg
Branch Quelle
Branch Ummeln
Wertherstrasse 426
Carl-Severing-Strasse 97a
Gütersloher Strasse 308
33619 Bielefeld
33649 Bielefeld
33649 Bielefeld
Phone +49 (0)521 544-4110
Phone +49 (0)521 544-4390
Phone +49 (0)521 544-4310
Branch Heepen
Branch Schloss Holte
Branch Voltmannstrasse Hillegosser Strasse 17
Holter Strasse 230
Voltmannstrasse 157
33719 Bielefeld
33758 Schloss Holte-Stukenbrock
33613 Bielefeld
Phone +49 (0)521 544-4010
Phone +49 (0)521 544-4480
Phone +49 (0)521 544-4140
Branch Hillegossen
Branch Senne
Detmolder Strasse 589
Windelsbleicher Strasse 241a
33699 Bielefeld
33659 Bielefeld
Phone +49 (0)521 544-4090
Phone +49 (0)521 544-4360
Branch Nordpark
Branch Sieker
Niedernstrasse 25
Jöllenbecker Strasse 129
Detmolder Strasse 258
33602 Bielefeld
33613 Bielefeld
33605 Bielefeld
Phone +49 (0)521 544-4030
Phone +49 (0)521 544-4020
Self-Service Branch
Self-Service Branch
Niedernstrasse
Self-Service Branch Theesen
Jöllenbecker Strasse 400
Branch Spindelstrasse Oststrasse 17/Spindelstrasse
33604 Bielefeld
Phone +49 (0)521 544-4040
33739 Bielefeld
Information
The Bielefelder Volksbank is a member of the protection scheme of the Federal Association of German
Cooperative Banks (guarantee funds and guarantee
group). By means of this, all customer deposits are
always fully and completely secured. The full financial
statement, which is provided with an unqualified
audit opinion, and the management report in the
statutory form, will be published in the electronic
Federal Gazette.
We have provided copies of the annual financial
statement for members of our cooperative, which
can be requested in writing from the management
of the bank.
Kindly address all questions and suggestions pertaining to our annual report 2013 directly to the
Management Board.
Masthead
Publisher
Bielefelder Volksbank eG
Kesselbrink 1
33602 Bielefeld
[email protected]
www.bielefelder-volksbank.de
Concept and Design
www.identitygroup.de
Print and Production
www.eusterhusdruck.de
Photography
Katrin Biller (Page 05)
www.kzwo.net
Matthias Schrumpf (Page 07)
www.matthiasschrumpf.de
Christian R. Schulz (Cover Picture)
www.crschulz.de
Bielefelder Volksbank eG
Kesselbrink 1
33602 Bielefeld
Phone +49 (0)521 544 - 0
Telefax +49 (0)521 544 -9000
www.bielefelder-volksbank.de