Bundesverband Öffentlicher Banken Deutschlands (VÖB)

The Bundesverband Öffentlicher Banken Deutschlands, colloquially known as Verband Öffentlicher Banken (VÖB, "association of public banks") is a German national association of development banks (German: Förderbanken) and of the regional Landesbanks, which are part of the Sparkassen-Finanzgruppe and thus also members of the Deutscher Sparkassen- und Giroverband (DSGV, self-translated as "German Savings Banks Association"), plus a few additional members. Some of the latter now belong to the private sector, such as Internationales Bankenhaus Bodensee which belonged to the public sector until the 2000s.

Membership

As of mid-2022, the VÖB's ordinary membership included:[1]

In addition, the VÖB has extraordinary members, which as of mid-2022 included Aareal Bank, Deutsche WertpapierService Bank, several Sparkassen, Landesbausparkassen and cooperative banks, several German stock exchanges, several Swiss cantonal banks, and other miscellaneous institutions such as Land Brandenburg Lotto, Lotto Sachsen-Anhalt, and an Austrian association of building societies.[1]

Deposit insurance

Until end-September 2021, the VÖB operated a mandatory deposit insurance system, the Entschädigungseinrichtung des Bundesverbandes Öffentlicher Banken Deutschlands GmbH, or "VÖB EdÖ". This became largely redundant and was phased out after the regional development banks were removed from the scope of EU banking and deposit insurance law in a revision of the EU Capital Requirements Regulation (CRR). The Landesbanken and DekaBank are affiliated with the deposit insurance and institutional protection scheme of the Sparkassen-Finanzgruppe. The other CRR members of VÖB (including DKB, despite it being a fully-owned subsidiary of BayernLB) have opted to join the Entschädigungseinrichtung deutscher Banken, the mandatory deposit insurance scheme of the Bundesverband deutscher Banken.

The VÖB retains a residual additional (voluntary) deposit insurance scheme, the Einlagensicherungsfonds des Bundesverbandes Öffentlicher Banken Deutschlands e. V., or "VÖB ESF". Its only five members are Calenberger Kreditverein, Deutsche Kreditbank (DKB), Internationales Bankenhaus Bodensee, Landwirtschaftliche Rentenbank, and Ritterschaftliches Kreditinstitut Stade.[2]

Presidents

The President (German: Präsident) chairs the executive board (German: Vorstand) of the VÖB.

  • 1970–1976: Kurt Hähnel
  • 1976–1987: Hans Fahning
  • 1987–2001: Friedel Neuber
  • 2001–2004: Hans Dietmar Sauer
  • 2004–2007: Thomas R. Fischer
  • 2007–2009: Siegfried Jaschinski
  • 2009–2013: Christian Brand
  • 2013–2016: Gunter Dunkel
  • 2016–2018: Johannes-Jörg Riegler
  • 2019–present: Eckhard Forst

History
This section is about the formation of today's regional promotional banks and the VÖB itself. For the consolidation that led to today's Landesbanken, see Landesbank.
  • 1916: Verband deutscher öffentlich-rechtlicher Kreditanstalten established in Berlin
  • 1924: Wohnungsfürsorgegesellschaft Berlin established, renamed Wohnungsbau-Kreditanstalt der Reichshauptstadt Berlin in 1937
    • Württembergische Wohnungskreditanstalt established in Stuttgart; renamed Württembergische Landeskreditanstalt in 1932
  • 1934: Badische Wohnungsfürsorgekassen and Badische Landeswohnungsfürsorgeanstalt merged into entity based in Karlsruhe and named Badische Landeskreditanstalt für Wohnungsbau in 1935
  • 1946: Hamburgische Wiederaubaukasse established in Hamburg, renamed Hamburgische Wohnungsbaukasse in 1953, Hamburgische Wohnungsbaukreditanstalt in 1973, and Hamburgische Investitions- und Förderbank in 2013
  • 1950: Landestreuhandstelle Hessen (LTH) established in Frankfurt by agreement of the state of Hesse and Hessische Landesbank Darmstadt
  • 1951: Investitionsbank Hessen established in Frankfurt
    • Saarländische Investitionskreditbank established in Saarbrücken
    • LfA Förderbank Bayern established in Munich
  • 1972: Württembergische Landeskreditanstalt and Badische Landeskreditanstalt für Wohnungsbau merged into Landeskreditbank Baden-Württemberg
  • 1974: Verband deutscher öffentlich-rechtlicher Kreditanstalten renamed Verband Öffentlicher Banken
  • 1991: Sächsische Aufbaubank established in Leipzig by Landeskreditbank Baden-Württemberg
  • 1992: Investitionsbank des Landes Brandenburg established in Potsdam
  • 1993: Landesförderinstitut Sachsen-Anhalt established in Magdeburg
  • 1994: Landesförderinstitut Mecklenburg-Vorpommern established in Schwerin
  • 1998: L-Bank formed from the development finance activities of Landeskreditbank Baden-Württemberg
  • 2002: NRW.Bank spun off from WestLB
  • 2004: NBank established in Hanover
    • Landesförderinstitut Sachsen-Anhalt transformed into Investitionsbank Sachsen-Anhalt
    • Investitionsbank Berlin spun off from Landesbank Berlin
  • 2009: LTH and Investitionsbank Hessen merged into Wirtschafts- und Infrastrukturbank Hessen

See also

References
  1. "Der Verband: Mitglieder". voeb.de.
  2. "Der Einlagensicherungsfonds des Bundesverbandes Öffentlicher Banken Deutschlands e.V. (freiwillige Einlagensicherung)". voeb-es.de.
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