Volksbanken und Raiffeisenbanken

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Volksbanken und Raiffeisenbanken is a brand of co-operative banks in Germany. “Volksbank” derives from People’s Bank institutes (co-operatives originally created by a local population often based in a town) and “Raiffeisenbanken” refers to banks founded on initiatives by Friedrich Wilhelm Raiffeisen (who was pioneering farmer credit unions). Many co-operative banks in Germany have either “Volksbank” or “Raiffeisenbank” in their name – the nationwide services and associations in the co-operative branch of the German financing industry used the compound of the plurals of these words (so it translates as “Peoples banks and Raiffeisen banks”).

Source : https://en.wikipedia.org/wiki/Volksbanken_und_Raiffeisenbanken

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