BAG Bankaktiengesellschaft, with four regional branches and approximately 150 employees, is 99.9 per cent owned by the National Association of German Cooperative Banks (BVR). As a specialised credit institution with a full banking licence, BAG is the competence centre of the Volksbanken Raiffeisenbanken cooperative financial group responsible for servicing and purchasing problematic risk assets. In addition to traditional lending business, this includes real estate, investments and other assets on a bank's balance sheet.
The company commissioned Daniela Strasser from ERA Group to review and reduce its energy and cleaning costs.
