Introduction - Genossenschaftsverband Bayern

The Bavarian cooperative banks offer extensive opportunities for
the build-up of retirement accounts and the formation of wealth.
Here, selling life insurance is a major aspect. In this area, the Bavarian
Volksbanks and Raiffeisenbanks acquired special expertise. They
belong to the strongest sales organisations in Bavaria. In 2005 and
2006, they sold just under 90,000 life insurance policies a year. With
their total portfolio of 1.8 million policies, they insure the life of every
seventh inhabitant of Bavaria. At the end of 2006, the cash value of
all life insurance policies arranged by the Bavarian Volksbanks and
Raiffeisenbanks reached almost 10,000 million Euro.
6 Employer
With over 34,000 employees in the banking business alone, the Bavarian
Volksbanks and Raiffeisenbanks are among the biggest private
employers in the Free State. Because of their regional presence, they
offer jobs where people live. They contribute to maintaining traditional
family and social structures. They create and secure jobs in the
rural areas and thereby add to their stability.
The jobs of the Bavarian Volksbanks and Raiffeisenbanks belong
to the most secure ones of the sector. In the year 2000, 36,102
employees worked in the banking business of the Bavarian Volksbanks
and Raiffeisenbanks. In 2006, there still were 34,100 employees.
That shows that almost 95 per cent of the employees were maintained.
Additionally, about 2,000 employees work in the commodity
business. In comparison: in the total financial business the number of
employees decreased by over 10 per cent between 2000 and 2005, in
private banks even by more than 20 per cent. The Bavarian Volksbanks
and Raiffeisenbanks give trust and security to their employees
and their families as well as the Bavarian regions. This is a prerequisite
for individual plans, for active private consumer demand and
therefore for a positive development of the regional and local economy.
38 IV Economic contribution