OWN INVESTMENTS

We could not utilise all our customer deposits for credit transactions, and therefore invested them in the financial and capital markets in accordance with our guidelines for ethical, sustainable BIB investment. In addition to our own portfolio, we also invested some of the resources in investment funds. Most of the resources here are invested in fixed-interest securities. They include bonds issued by public institutions, credit institutions and companies with good credit ratings, mostly in the investment grade sector. The portfolios are largely classified as fixed assets and valued using the diluted lower value principle. The bank has very few hidden encumbrances, which are more than covered by corresponding reserves.

We invested approx. EUR 25 million in our two KCD Global and Latin America microfinance funds. We regard these investments as permanent, in order to demonstrate that the creation of these funds is not intended to transfer any risks to our customers, but rather to offer them the opportunity to invest their money for twofold returns, both financial and social. Both we and our clients are therefore delighted that these funds are developing so well.

Some of our available funds are also invested in participating interests. Just over half of these are investments in property. The majority of the rest are stakes in affiliated cooperative companies.

In particular, we have significant investments in our cooperative central bank, WGZ Bank.
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