ETRIS BANK
For the third time in a row: credit rating from the A+ rating agency GBB-Rating
Reliable and high-performing partners are particularly in demand in challenging times. The wholly-owned E/D/E subsidiary ETRIS BANK offers the association modern solutions for all aspects of finance and goods. The financial year 2023 was characterised by significant growth and the acquisition of new customers in the two strategic business areas of “Association Business” and “Factoring”. In conjunction with a notable increase in interest rates, this led to a considerable improvement in earnings of the ETRIS BANK.
Both in Germany and in Europe, the extraordinary interest rate and inflation trends, on the one hand, and an increasingly declining economy, on the other, have presented members and suppliers with very complex challenges in their business models. With factoring, the ETRIS BANK offers a modern digital financing instrument that represents an increasingly important financing component for our SME customers in Germany and abroad: immediate liquidity and full del credere protection are the key elements of this banking service.
This key aspect of reliability as an important financial partner of the association is reflected in independent ratings: for the third time in a row, the rating agency GBB-Rating awarded theETRIS BANK an “A+ stable” credit rating in 2023, once again confirming both the rating result and the stable outlook of previous years.
The forecast interest rate and economic developments pose challenges for the year 2024. It is therefore essential for the industrial B2B sector to continue to digitalise business processes consistently. The ETRIS BANK accompanies and supports its customers on this journey with banking services relating to central payment. With its financial expertise, a full banking licence and extensive industry experience in the industrial B2B and wholesale sectors, the bank creates sustainable added value. Customer proximity characterises the partnership-based business relationships – as can be seen from the motto “We are part of the business.”