In 2012, the Volksbanken Raiffeisenbanken Co-operative Financial Network generated net profit after taxesof €6.9 billion, which was €2.4 billion ahead of its earnings in 2011. A large proportion of the group's earnings resulted from the recovery in the financial markets, but it was attributable to strong customer business. Having increased its equity from €65 billion to €72 billion, the co-operative financial group is in a strong position and well equipped to deal with the lingering economic uncertainties. The group's solvency ratio of 14.7 percent demonstrates its capacity to assume risk.
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