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Get to know Westerwald Bank eG

Westerwald Bank eG is a regional cooperative bank headquartered in Hachenburg, Germany. As a member of the Volks- und Raiffeisenbanken financial network, its business model is based on cooperative principles, where customers can also become members and co-owners. The bank's history is rooted in the merger of several local cooperative banks, with a mission to support the economic development of its members and the Westerwald region. It offers a full range of banking services, including retail banking, private banking, corporate financing, real estate financing, and digital banking solutions.

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Financial BankingPRIMARY
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Westerwald Bank eG

Germany

Founded in

1849 (177 Years)

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TrustFinance

(968 reviews)

Singapore

2020

(5 years)

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A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.