German Cooperative Financial Group

rdf:langString German Cooperative Financial Group

rdf:langString Genossenschaftliche FinanzGruppe Volksbanken Raiffeisenbanken

rdf:langString Genossenschaftliche FinanzGruppe Volksbanken Raiffeisenbanken

rdf:langString Berlin

rdf:langString Germany

rdf:langString Volksbank Logo.svg

rdf:langString Banking and financial services

rdf:langString Cooperative banking group

rdf:langString The German Cooperative Financial Group, German: Genossenschaftliche FinanzGruppe Volksbanken Raiffeisenbanken, sometimes referred to in English as "Volksbanken Raiffeisenbanken Cooperative Financial Network", is a major cooperative banking network in Germany that includes local banks named Volksbanken ("people's banks") and Raiffeisenbanken ("Raiffeisen banks"), the latter in tribute to 19th-century cooperative movement pioneer Friedrich Wilhelm Raiffeisen. The Cooperative Group represents one of the three "pillars" of Germany's banking sector, the other two being, respectively, the Sparkassen-Finanzgruppe of public banks, and the commercial banking sector represented by the Association of German Banks. The Bundesverband der Deutschen Volksbanken und Raiffeisenbanken (BVR) is the nationwide representative body of the Cooperative Financial Group. It operates under the Deutscher Genossenschafts- und Raiffeisenverband, the umbrella organization of the German cooperative movement.