Its membership includes 63 banks, including the Landesbanks that are also members of the Deutscher Sparkassen- und Giroverband (DSGV) and form part of the Sparkassen-Finanzgruppe, and promotional and development banks (German: Förderbanken) owned by the Federal Republic of Germany or the individual German federal states.
With total assets of some 3,029 billion euros, VÖB's member institutions cover approximately one quarter of the German banking market.
Public-sector banks view themselves as owing responsibility towards SMEs, other enterprises, the public sector, and retail customers; they are deeply rooted in their respective home regions, all over Germany.
The Landesbanken and DekaBank are affiliated with the deposit insurance and institutional protection scheme of the Sparkassen-Finanzgruppe.
Its only five members are Calenberger Kreditverein, Deutsche Kreditbank (DKB), Internationales Bankenhaus Bodensee, Landwirtschaftliche Rentenbank, and Ritterschaftliches Kreditinstitut Stade.