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German Public Banking Sector
The German public banking sector () represents a significant share of the broader banking sector in Germany. Unlike in most other Western and Central European countries, German public-sector banks have been present since the early phases of formalization of banking entities in the early modern period and have never lost their collective significance. They are typically referred to as one of the three “pillars” of the German banking system, the other two pillars being the cooperative banks and commercial banks. Following many steps of development, consolidation, and restructuring, the German public banking sector (leaving aside the Deutsche Bundesbank) consists mainly of two clusters: the Sparkassen-Finanzgruppe, which competes with commercial and cooperative banks and includes local savings banks () and regional entities (); and promotional and development banks () owned by the Federal Republic of Germany (in the case of KfW) or the individual states of Germany. History Gover ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Deutschlandkasse
The German Cooperative Financial Group (, sometimes referred to in English as "Volksbanken Raiffeisenbanken Cooperative Financial Network") is a major cooperative banking network in Germany that includes local banks named Volksbanken ("people's banks") and Raiffeisenbanken ("Raiffeisen banks"), the latter in tribute to 19th-century cooperative movement pioneer Friedrich Wilhelm Raiffeisen. The Cooperative Group represents one of the three "pillars" of Germany's banking sector, the other two being, respectively, the of public banks, and the commercial banking sector represented by the Association of German Banks. The Bundesverband der Deutschen Volksbanken und Raiffeisenbanken (BVR) is the nationwide representative body of the Cooperative Financial Group. It operates under the Deutscher Genossenschafts- und Raiffeisenverband, the umbrella organization of the German cooperative movement. Most ''Volksbanken'' and ''Raiffeisenbanken'' in Germany are quite small and have thus been de ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Deutsche Rentenbank-Kreditanstalt
Landwirtschaftliche Rentenbank is Germany's development agency for agribusiness and rural areas. The bank has its registered office in Frankfurt am Main. In 2019 it will be 70 years since it was founded. With its low-interest loans, Rentenbank promotes a wide range of investments in agriculture and the associated upstream and downstream industries as well as in rural areas. The funds are raised in the international capital markets. Rentenbank was established in 1949 as a central funding institution with a statutory promotional mandate. The Federal Republic of Germany has an institutional liability (''Anstaltslast'') and acts as a guarantor for the liabilities of Rentenbank. Rentenbank is a successor to Deutsche Rentenbank, established as the currency issuer of the Rentenmark The Rentenmark (; RM) was a currency issued on 15 November 1923 to stop the hyperinflation of 1922 and 1923 in Weimar Germany, after the previously used Papiermark had become almost worthless. It was su ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Deutsche Verkehrs-Kredit-Bank
DVB Bank SE is part of the DZ BANK Group and a specialist in international transportation finance, based in Frankfurt/Main, Germany. The Bank was listed on the Frankfurt Exchange and today is wholly-owned by DZ BANK. About 330 employees work at the offices in Frankfurt/Main, Amsterdam, London, Curaçao, Singapore and Tokyo. History The institute was founded on 18 May 1923 as Deutsche Verkehrs-Kredit-Bank AG (German traffic credit-Bank AG; DVKB) by several banks and industrial companies, initially to freight deferrals for the German Reichsbahn. After World War II, DVKB, specialized in cargo deferral, which was fixed by law. 1949 after the unification of the two main locations in Frankfurt and Hamburg, the head office in Frankfurt was established. It also operated numerous branches in other German cities. In 1988, the DVKB was placed on the stock exchange, the German Federal Railways held 75.1 percent stake. In 1991, it was named ''Deutsche Verkehrs-Bank AG (''German traffic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Commerzbank
The Commerzbank Aktiengesellschaft (shortly known as Commerzbank AG or Commerzbank ) is a European Financial institution, banking institution headquartered in Frankfurt am Main, Hesse, Germany. It offers services to private and entrepreneurial customers as well as corporate clients. The Commerzbank Group also includes the German brand Comdirect Bank and the Polish subsidiary mBank. As one of the oldest banks in Germany, Commerzbank plays a significant role in the country's economy. It is the largest financier of German foreign trade, with strong ties to the German 'Mittelstand.' In addition, it maintains a presence in all major economic and financial centers worldwide. Since its establishment in 1870, Commerzbank has undergone several changes. It was the first German banking institution to open an operational branch in New York City in 1971. Another milestone was the acquisition of Dresdner Bank in 2009. During the 2008 financial crisis, the Federal Republic of Germany became a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Der Deutschen Arbeit
The ''Bank der deutschen Arbeit'' (BdA, ) was a financial institution of the German Labor Front (DAF), based in Berlin. Overview Founded in 1924 as the Bank of Workers, Employees, and Civil Servants () by organizations representing these groups, the bank was taken over by the DAF and renamed after the Nazi government banned all independent trade unions on . Its assets expanded rapidly under the Nazi government, from 151 million Reichsmarks at end-1931 to 918 million in 1939. The existence of the BdA came to an abrupt end in 1945, as the allied occupation forces agreed to liquidate it. Head office The BdA appropriated an office building at Wallstrasse 61-65 in Berlin, which had been commissioned by the General German Trade Union Federation (ADGB, dissolved in 1933) from architects Max Taut and and built in 1922-1923, then extended in 1930-1932 along Wallstrasse on a design by . From 1945 to 1990, it became the seat of the Free German Trade Union Federation. It has since been ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dresdner Bank
Dresdner Bank AG () was a German bank, founded in 1872 in Dresden, then headquartered in Berlin from 1884 to 1945 and in Frankfurt from 1963 onwards after a postwar hiatus. Long Germany's second-largest bank behind Deutsche Bank, it was eventually acquired by Commerzbank in May 2009. 1872-1933 The Dresdner Bank was established on through the conversion of , a Dresden-based private bank founded in 1771, on the advice of banker Eugen Gutmann. The bank's founding consortium of investors consisted of (Leipzig), Berliner Handels-Gesellschaft (Berlin), (Frankfurt), (Frankfurt) and (Hamburg), with an initial capital of 8 million Thalers (24 million Marks) and 30 employees in Wilsdruffer Strasse in Dresden. Gutmann became chairman of the new entity's board and led it until his retirement in 1920. In the 1870s, the Dresdner Bank acquired smaller regional institutes and several banks. In 1881, it opened a branch in Berlin, whose activity quickly exceeded the nominal head office in Dr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Deutsche Bank
Deutsche Bank AG (, ) is a Germany, German multinational Investment banking, investment bank and financial services company headquartered in Frankfurt, Germany, and dual-listed on the Frankfurt Stock Exchange and the New York Stock Exchange. Deutsche Bank was founded in 1870 in Berlin. From 1929 to 1937, following its merger with Disconto-Gesellschaft, it was known as ''Deutsche Bank und Disconto-Gesellschaft'' or DeDi-Bank. Other transformative acquisitions have included those of Mendelssohn & Co. in 1938, Morgan, Grenfell & Company, Morgan Grenfell in 1990, Bankers Trust in 1998, and Deutsche Postbank in 2010. As of 2018, the bank's network spanned 58 countries with a large presence in Europe, the Americas, and Asia. It is a component of the DAX stock market index and is often referred to as the List of banks in Germany, largest German banking institution, with Deutsche Bank holding the majority stake in DWS Group for combined assets of 2.2 trillion euros, rivaling even Spa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hanover
Hanover ( ; ; ) is the capital and largest city of the States of Germany, German state of Lower Saxony. Its population of 535,932 (2021) makes it the List of cities in Germany by population, 13th-largest city in Germany as well as the fourth-largest in northern Germany after Berlin, Hamburg and Bremen. Hanover's urban area comprises the towns of Garbsen, Langenhagen and Laatzen and has a population of about 791,000 (2018). The Hanover Region has approximately 1.16 million inhabitants (2019) and is the largest in the Hannover–Braunschweig–Göttingen–Wolfsburg Metropolitan Region, Hanover–Braunschweig–Göttingen–Wolfsburg Metropolitan Region, the List of EU metropolitan areas by GDP, 17th biggest metropolitan area by GDP in the European Union. Before it became the capital of Lower Saxony in 1946, Hanover was the capital of the Principality of Calenberg (1636–1692), the Electorate of Hanover (1692–1814), the Kingdom of Hanover (1814–1866), the Province of Hannove ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Magdeburg
Magdeburg (; ) is the Capital city, capital of the Germany, German States of Germany, state Saxony-Anhalt. The city is on the Elbe river. Otto I, Holy Roman Emperor, Otto I, the first Holy Roman Emperor and founder of the Archbishopric of Magdeburg, was buried in the city's Magdeburg Cathedral, cathedral after his death. Magdeburg's version of German town law, known as Magdeburg rights, spread throughout Central Europe, Central and Eastern Europe. In the Late Middle Ages, Magdeburg was one of the largest and most prosperous German cities and a notable member of the Hanseatic League. One of the most notable people from the city was Otto von Guericke, famous for his experiments with the Magdeburg hemispheres. Magdeburg has experienced three major devastations in its history. In 1207 the first catastrophe struck the city, with a fire burning down large parts of the city, including the Magdeburg Cathedral#Previous building, Ottonian cathedral. The Catholic League (German), Catholi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Munich
Munich is the capital and most populous city of Bavaria, Germany. As of 30 November 2024, its population was 1,604,384, making it the third-largest city in Germany after Berlin and Hamburg. Munich is the largest city in Germany that is not a state of its own. It ranks as the 11th-largest city in the European Union. The metropolitan area has around 3 million inhabitants, and the broader Munich Metropolitan Region is home to about 6.2 million people. It is the List of EU metropolitan regions by GDP#2021 ranking of top four German metropolitan regions, third largest metropolitan region by GDP in the European Union. Munich is located on the river Isar north of the Alps. It is the seat of the Upper Bavaria, Upper Bavarian administrative region. With 4,500 people per km2, Munich is Germany's most densely populated municipality. It is also the second-largest city in the Bavarian language, Bavarian dialect area after Vienna. The first record of Munich dates to 1158. The city ha ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
