Westerwald Bank

Westerwald Bank is a regional German cooperative bank. Its main activity is to provide banking and financial services to the population and businesses in the Westerwald region. It offers a wide range of products and services, including:

• Current accounts and payment services (girokonto, mobile payment, bank cards)
• Savings and investments (savings accounts, deposits, sustainable investments, portfolio management, access to the stock market and cryptocurrencies)
• Loans and financing (personal loans, mortgage loans, financing solutions for businesses)
• Real estate services (support for buying, selling, or financing real estate)
• Online services (online banking, remote account opening, interactive advice, digital security)

The bank is aimed mainly at individuals, young people, families, as well as businesses and professionals in the region. It emphasizes proximity, trust-based relationships, innovation in financial services, and local commitment to regional development.

The Westerwald Bank eG is a regional German cooperative bank, deeply rooted in the Westerwald region. Its history is part of the tradition of German cooperative banks, which emerged in the 19th century to support local craftsmen, farmers, and small businesses. The Westerwald Bank was founded in this context, with the mission of promoting the regional economy and providing financial services tailored to its members.

Key stages of its development:

• Founding: The bank was established as a cooperative, following the model of Friedrich Wilhelm Raiffeisen, a pioneer of the cooperative movement in Germany. This model emphasizes solidarity, local responsibility, and member participation.
• Product development: Over the decades, Westerwald Bank has expanded its range of products, moving from basic banking services (current accounts, savings) to innovative solutions such as mobile payments, sustainable investments (WällerWachstum ESG), and soon, access to cryptocurrency trading via the VR Banking App.
• Partnerships: As a member of the Volksbanken Raiffeisenbanken network, Westerwald Bank benefits from strong partnerships with other cooperative financial institutions, enabling it to offer clients products such as easyCredit, modern payment solutions, and securities deposit services in collaboration with DZ Bank.
• Regional commitment: The bank has always been committed to local development, supporting social, cultural, and sports initiatives in the Westerwald region. It highlights its closeness to customers and its involvement in the local economic fabric.
• Strategic changes: Westerwald Bank has adapted to changes in the banking sector, notably through the digitalization of its services (online banking, mobile apps, interactive advice) and a focus on sustainability and social responsibility (ESG products, commitment to the common good).
• Recognition: The bank has been recognized as one of the best employers in the region, receiving the "Top Job" label for the quality of its working environment.

Today, Westerwald Bank positions itself as a trusted partner for individuals, businesses, and young people, combining cooperative tradition, innovation, and regional commitment.

Westerwald Bank eG is a German cooperative bank founded on the principles of Friedrich Wilhelm Raiffeisen and Hermann Schultze-Delitzsch, pioneers of the cooperative movement. These two figures are considered the founding fathers of the cooperative model on which the bank still relies today.

The current management team of Westerwald Bank mainly consists of:

• Dr. Ralf Kölbach – Spokesperson of the Board of Directors
• Markus Kurtseifer – Member of the Board of Directors
• Andreas Tillmanns – Member of the Board of Directors

Key members of the management team also include:

• Ruben Pink – Head of the Board Office
• Tina Walterschen – Executive Assistant to Dr. Ralf Kölbach
• Beate Gerstenberg – Executive Assistant to Markus Kurtseifer
• Sandra Schmidt – Executive Assistant to Andreas Tillmanns

The bank is also overseen by a supervisory board (Aufsichtsrat) and a representatives' assembly (Vertreterversammlung).