Overview

• BVR President Tanja Müller-Ziegler said banks anticipate 2025 profits to fall as a stagnant domestic economy and unresolved US tariffs weigh on margins, even though officials expect a deal by late July.
• Pre-tax earnings fell to €10.8 billion in 2024, marking a 25 percent drop from the €14.4 billion record set in 2023.
• Credit loss provisions jumped to €4.9 billion last year driven by rising insolvencies and are forecast to ease in 2025 but remain elevated above low-rate era levels.
• Net interest surplus edged up in 2024 while fee income from securities business delivered significant gains for the cooperative group.
• The network comprises 672 Volks- und Raiffeisenbanken along with Sparda and PSD banks serving more than 30 million customers under DZ Bank’s central umbrella.