Introduction - Genossenschaftsverband Bayern

employment close to their homes, SMEs receive orders, and communities
are able to invest.
7. Cooperative banks and their business, their social and charitable
activities contribute to the vitality of the rural areas of Bavaria.
They create regional demand with their credit policy and secure
employment. They provide new jobs in many sectors. Through corporate
citizenship, they cement social ties in the Bavarian society.
8. Cooperative banks stand for stability. Through their regional and
local orientation, they do not face unforeseeable risks: They know
their markets. They stand as financial rocks in the regions, especially
in times of economic change.
9. Cooperative banks have always had democratic structures. In their
governing bodies, each vote counts equally regardless of social
origin. Cooperative banks therefore are trailblazers, supporters
and guarantors for a Bavaria that is bound by democratic principles.
10.Cooperative banks in Bavaria move in a highly competitive environment
with over 150 competitors. Irrespectively, also in the
future they will follow a business policy following the key philosophy
“Closer to the people”.
60 Conclusion