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Merkur Bank
MERKUR PRIVATBANK KGaA is an owner-managed listed German private bank with headquarters in Munich. History In 1959 Zanwel Horowicz as well as Motek and Hela Horowicz founded Merkur Bank Horowicz KG in Munich, which at that time was mainly limited to the sale of medals and currencies. In 1986 a group of investors led by Siegfried Lingel took over the Merkur Bank Horowicz KG and rebranded it to MERKUR BANK GmbH & Co. KG. At the same time, MERKUR BANK GmbH & Co. KG began universal banking business with the main focus on property development financing, and in 1991 opened its first branches in Vogtland, Saxony and Thuringia. The service portfolio was expanded to include leasing refinancing in 1995. As part of the IPO in 1999 at the Munich Stock Exchange, MERKUR BANK GmbH & Co. KG became MERKUR BANK KGaA. The generational change began in 2002, when Marcus Lingel was appointed to the extended management of MERKUR BANK KGaA as General Manager alongside management member Claus Herrmann. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Munich
Munich ( ; german: München ; bar, Minga ) is the capital and most populous city of the German state of Bavaria. With a population of 1,558,395 inhabitants as of 31 July 2020, it is the third-largest city in Germany, after Berlin and Hamburg, and thus the largest which does not constitute its own state, as well as the 11th-largest city in the European Union. The city's metropolitan region is home to 6 million people. Straddling the banks of the River Isar (a tributary of the Danube) north of the Bavarian Alps, Munich is the seat of the Bavarian administrative region of Upper Bavaria, while being the most densely populated municipality in Germany (4,500 people per km2). Munich is the second-largest city in the Bavarian dialect area, after the Austrian capital of Vienna. The city was first mentioned in 1158. Catholic Munich strongly resisted the Reformation and was a political point of divergence during the resulting Thirty Years' War, but remained physicall ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Vogtland
Vogtland (; cz, Fojtsko) is a region spanning the German states of Bavaria, Saxony and Thuringia and north-western Bohemia in the Czech Republic. It overlaps with and is largely contained within Euregio Egrensis. The name alludes to the former leadership by the Vögte ("advocates" or "lords protector") of Weida, Gera and Plauen. Geography Natural geography The landscape of the Vogtland is sometimes referred to as idyllic, bearing in mind its fields, meadows and wooded hilltops. In the south and southeast, Vogtland rises to a low or mid-height mountain range also called ''Oberes Vogtland'', or Upper Vogtland. Here, monocultural coniferous forest is the predominant form of vegetation. The Vogtland's highest mountain is Schneehübel, reaching 974 metres; another remarkable landmark is the Schneckenstein, 883 m above sea level, which gained some renown for its (falsely) alleged unique abundance of topaz crystals. Its mountains spread from Ore Mountains in the s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Established In 1959
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Core Banking
Core banking is a banking service provided by a group of networked bank branches where customers may access their bank account and perform basic transactions from any of the member branch offices. Core banking is often associated with retail banking and many banks treat the retail customers as their core banking customers. Businesses are usually managed via the corporate banking division of the institution. Core banking covers basic depositing and lending of money. Core banking functions will include transaction accounts, loans, mortgages and payments. Banks make these services available across multiple channels like automated teller machines, Internet banking, mobile banking and branches. Banking software and network technology allows a bank to centralise its record keeping and allow access from any location. History Core banking became possible with the advent of computer and telecommunication technology that allowed information to be shared between bank branches quickl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Karlsruhe
Karlsruhe ( , , ; South Franconian German, South Franconian: ''Kallsruh'') is the List of cities in Baden-Württemberg by population, third-largest city of the German States of Germany, state (''Land'') of Baden-Württemberg after its capital of Stuttgart and Mannheim, and the List of cities in Germany by population, 22nd-largest city in the nation, with 308,436 inhabitants. It is also a former capital of Baden, a historic region named after Hohenbaden Castle in the city of Baden-Baden. Located on the right bank of the Rhine near the French border, between the Mannheim/Ludwigshafen conurbation to the north and Strasbourg/Kehl to the south, Karlsruhe is Germany's legal center, being home to the Federal Constitutional Court (''Bundesverfassungsgericht''), the Federal Court of Justice (''Bundesgerichtshof'') and the Public Prosecutor General (Germany), Public Prosecutor General of the Federal Court of Justice (''Generalbundesanwalt beim Bundesgerichtshof''). Karlsruhe was the capit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fiducia & GAD IT
Atruvia AG is the IT service provider of the German Cooperative Financial Group. The company based in Karlsruhe and Münster with further offices in Munich, Frankfurt and Berlin employs currently more than 4,600 staff (more than 6,700 including subsidiaries), generating an annual turnover of around 1.7 billion Euros. Among Atruvia's customers are almost all of the approximately 900 Volksbanken und Raiffeisenbanken in Germany, further companies from the Genossenschaftliche FinanzGruppe, as well as numerous private banks and companies from other business segments, such as the German automobile club (ADAC ADAC, officially the Allgemeiner Deutscher Automobil-Club (), is Europe's largest motoring association. ADAC is the largest club (Verein) in Germany with around 21 million members. It would be more aptly described today as an individual m ...). Atruvia provides IT services for 169,000 banking work stations, administers roughly 82 million banking accounts and ensures comf ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Association Of German Banks
The Association of German Banks (german: Bundesverband deutscher Banken) is the association of private banks in Germany and a key lobby group for Germany's financial sector. In the traditional 3-pillar system of the German banking industry, this represents the commercial banks as opposed to the German Cooperative Financial Group and the Sparkassen-Finanzgruppe of public banks. The association is a member of the Central Credit Committee governing the banking industry in Germany and a member of the European Banking Federation. The President of the association is Hans-Walter Peters. History The BdB was founded 1951 in Cologne as a successor of the pre-war "Centralverbandes des deutschen Bank- und Bankiergewerbes" (''Central Association of the German Banking and Financing Industry'' - nowadays the German Banking Industry Committee). In 1999 the BdB moved to Berlin while the subsidiary Bankverlag (bank publishing company) remained in Cologne: the association also owns an office in B ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Private Banking
Private banking is banking, investment and other financial services provided by banks and financial institutions primarily serving high-net-worth individuals (HNWIs)—defined as those with very high levels of income or sizable assets. A bank that specializes in private banking is called a private bank. Private banking is a more exclusive subset of wealth management, geared toward exceptionally affluent clients. The term "private" refers to customer service rendered on a more personal basis than in mass-market retail banking, usually provided via dedicated bank advisers. At least until recently, it largely consisted of banking services (deposit taking and payments), discretionary asset management, brokerage, limited tax advisory services and some basic concierge-type services, offered by a single designated relationship manager. History Private banking is how banking originated. The first banks in Venice were focused on managing personal finance for wealthy families. Private ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Thuringia
Thuringia (; german: Thüringen ), officially the Free State of Thuringia ( ), is a state of central Germany, covering , the sixth smallest of the sixteen German states. It has a population of about 2.1 million. Erfurt is the capital and largest city. Other cities are Jena, Gera and Weimar. Thuringia is bordered by Bavaria, Hesse, Lower Saxony, Saxony-Anhalt, and Saxony. It has been known as "the green heart of Germany" () from the late 19th century due to its broad, dense forest. Most of Thuringia is in the Saale drainage basin, a left-bank tributary of the Elbe. Thuringia is home to the Rennsteig, Germany's best-known hiking trail. Its winter resort of Oberhof makes it a well-equipped winter sports destination – half of Germany's 136 Winter Olympic gold medals had been won by Thuringian athletes as of 2014. Thuringia was favoured by or was the birthplace of three key intellectuals and leaders in the arts: Johann Sebastian Bach, Johann Wolfgang von Goethe, a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Saxony
Saxony (german: Sachsen ; Upper Saxon: ''Saggsn''; hsb, Sakska), officially the Free State of Saxony (german: Freistaat Sachsen, links=no ; Upper Saxon: ''Freischdaad Saggsn''; hsb, Swobodny stat Sakska, links=no), is a landlocked state of Germany, bordering the states of Brandenburg, Saxony-Anhalt, Thuringia, Bavaria, as well as the countries of Poland and the Czech Republic. Its capital is Dresden, and its largest city is Leipzig. Saxony is the tenth largest of Germany's sixteen states, with an area of , and the sixth most populous, with more than 4 million inhabitants. The term Saxony has been in use for more than a millennium. It was used for the medieval Duchy of Saxony, the Electorate of Saxony of the Holy Roman Empire, the Kingdom of Saxony, and twice for a republic. The first Free State of Saxony was established in 1918 as a constituent state of the Weimar Republic. After World War II, it was under Soviet occupation before it became part of the communist East ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Universal Banking
A universal bank participates in many kinds of banking activities and is both a commercial bank and an investment bank as well as providing other financial services such as insurance. September 18, 2008, '''' These are also called full-service financial firms, although there can also be full-service investment banks which provide wealth and asset management, trading, underwriting, researching as well as financial advisory. The concept is most relevant in the and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Partnership Limited By Shares
A partnership limited by shares is a hybrid between a partnership and a limited liability company. The capital and ownership of the company is divided between shareholders who have a limited liability and one or more partners who have full liability for the remainder of the company's debts. The partner(s) will usually direct the operations of the company while the shareholders are passive investors. * In Belgium and the Netherlands, this structure is known as '' Commanditaire vennootschap op aandelen'' (CommVA/CVA). * In Denmark, this structure is known as '' Partnerselskab'' (or ''Kommanditaktieselskab''). * In France, this structure is known as ''Société en commandite par actions'' (SCA). * In Germany, this structure is known as ''Kommanditgesellschaft auf Aktien A limited partnership (LP) is a form of partnership similar to a general partnership except that while a general partnership must have at least two general partners (GPs), a limited partnership must have at least o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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