National Association Of German Cooperative Banks (bvr)

BERLIN, November 9, 2010 - The institutional protection scheme of the German Cooperative Banking Network (Genossenschaftliche FinanzGruppe Volksbanken Raiffeisenbanken) is efficient, reliable and equivalent to a properly designed deposit guarantee scheme - these are the findings of a study about the importance of and outlook for institutional protection schemes, which was carried out by the Cologne Institute for Economic Research (IW) in cooperation with the University of Cologne, and was commissioned by the National Association of German Cooperative Banks (BVR).