The shareholders’ meeting of Volksbank Braunschweig Wolfsburg approved its annual accounts and backed a support package. The BVR’s protection scheme will provide assistance, and the bank announced the appointment of a new chief executive.
After suffering from massive write‑downs, Volksbank Brawo secured a buyer for its participation in a fitness‑studio chain, allowing the bank to exit the investment as its financial support continues.
Volksbank Braunschweig Wolfsburg, one of the largest cooperative banks in the region, faces financial difficulties with significantly overvalued holdings. The bank’s 2025 annual report has been delayed and the institution is receiving support from a support fund with a three-digit million euro amount.