GEFA Bank GmbH is a financial services provider specialising in independent manufacturer sales and investment financing of mobile assets. The company was founded in 1949 as a subsidiary of the

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. ...

, with its headquarters based in

Wuppertal Wuppertal (; ) is a city in North Rhine-Westphalia, in western Germany, with a population of 355,000. Wuppertal is the seventh-largest city in North Rhine-Westphalia and List of cities in Germany by population, 17th-largest in Germany. It ...

at the Robert-Daum-Platz. It employs over 500 personnel in seven branches nationwide. From 2001 to 2025, GEFA belonged to the major international bank

Société Générale Société Générale S.A. (), colloquially known in English-speaking countries as SocGen (), is a French multinational universal bank and financial services company founded in 1864. It is registered in downtown Paris and headquartered nearby i ...

and sold its products under the umbrella brand Société Générale Equipment Finance. Société Générale Equipment Finance was represented in 19 European countries as well as

Brazil Brazil, officially the Federative Republic of Brazil, is the largest country in South America. It is the world's List of countries and dependencies by area, fifth-largest country by area and the List of countries and dependencies by population ...

China China, officially the People's Republic of China (PRC), is a country in East Asia. With population of China, a population exceeding 1.4 billion, it is the list of countries by population (United Nations), second-most populous country after ...

and the

USA The United States of America (USA), also known as the United States (U.S.) or America, is a country primarily located in North America. It is a federal republic of 50 states and a federal capital district, Washington, D.C. The 48 contiguous ...

, with more than 100 branches. On May 23, 2016, the GEFA Gesellschaft für Absatzfinanzierung mbH and the GEFA-Leasing GmbH merged to form the GEFA Bank GmbH. At the end of 2019, all branches, including the registered commercial branch in Berlin, were closed.

Products and services

In the area of investment funding, the GEFA offers mostly middle-class clients the following products: * Investment credits *

Finance lease A finance lease (also known as a capital lease or a sales lease) is a type of lease in which a finance company is typically the legal owner of the asset for the duration of the lease, while the lessee not only has operating control over the asset ...

Operating lease The expression "operating lease" is somewhat confusing as it has a different meaning based on the context that is under consideration. From a product characteristic standpoint, this type of a lease, as distinguished from a finance lease, is one wh ...

Rent-to-own Rent-to-own, also known as rental purchase or rent-to-buy, is a type of legally documented transaction under which tangible property, such as furniture, consumer electronics, motor vehicles, home appliances, engagement rings, and real property, ...

* Truck-Trailer-Rent (via subsidiary PEMA GmbH) *

VAT A value-added tax (VAT or goods and services tax (GST), general consumption tax (GCT)) is a consumption tax that is levied on the value added at each stage of a product's production and distribution. VAT is similar to, and is often compared wi ...

-funding * Full-Service-Vehicle-Lease *

Insurance Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to protect ...

Loyalty card A loyalty program or rewards program is a marketing strategy designed to encourage customers to continue to shop at or use the services of one or more businesses associated with the program. Single-company vs. coalition programs Loyalty prog ...

Additionally, the GEFA supports manufacturers and dealers, both domestically and internationally, via the SG Equipment Finance Network. The network offers the following financing solutions: * Sales credits * Sales and distribution lease *

Purchase Purchasing is the procurement process a business or organization uses to acquire goods or services to accomplish its goals. Although there are several organizations that attempt to set standards in the purchasing process, processes can vary g ...

funding * Rent-park funding *

Rent Rent may refer to: Economics *Renting, an agreement where a payment is made for the temporary use of a good, service or property *Economic rent, any payment in excess of the cost of production *Rent-seeking, attempting to increase one's share of e ...

Refinancing Refinancing is the replacement of an existing debt obligation with another debt obligation under a different term and interest rate. The terms and conditions of refinancing may vary widely by country, province, or state, based on several economic ...

* Insurances In 2012 the GEFA started offering deposit banking to private customers, and started offering commercial deposit banking in 2014.

Funded products

Funding in the form of loans is offered by GEFA for goods within the areas of transport (e.g. trucks, buses,

business jet A business jet, private jet, or bizjet is a jet aircraft designed for transporting small groups of people, typically business executives and high-ranking coworker, associates. Business jets are generally designed for faster air travel and more ...

riverboat A riverboat is a watercraft designed for inland navigation on lakes, rivers, and artificial waterways. They are generally equipped and outfitted as work boats in one of the carrying trades, for freight or people transport, including luxury ...

s, agricultural machinery), industrial production (e.g. construction machinery, printing machines, machine tools) and technology (e.g. hardware and

software Software consists of computer programs that instruct the Execution (computing), execution of a computer. Software also includes design documents and specifications. The history of software is closely tied to the development of digital comput ...

, office equipment,

biomedical technology Biomedical technology is the application of engineering and technology principles to the domain of living or biological systems, with an emphasis on human health and diseases. Biomedical engineering and Biotechnology alike are often loosely called ...

). In 2015, the organisation generated a new business volume of €1,899 million, with €1,203 million in the transport sector, €435 million in the industrial goods sector and €261 million in the high tech sector.

Deposit guarantee

The GEFA is subject to the legal deposit guarantee and is a member of the deposit protection fund of the Bundesverband deutscher Banken e.V.

Technology

The brand GEFA Bank is affiliated with the cooperative

data center A data center is a building, a dedicated space within a building, or a group of buildings used to house computer systems and associated components, such as telecommunications and storage systems. Since IT operations are crucial for busines ...

Fiducia IT AG Fiducia IT AG was a German IT-service provider based in Karlsruhe. In 2015, it merged with the GAD eG to form Fiducia & GAD IT AG. Its core business was providing financial IT services for co-operative banks, with its customers also coming from ...

Karlsruhe Karlsruhe ( ; ; ; South Franconian German, South Franconian: ''Kallsruh'') is the List of cities in Baden-Württemberg by population, third-largest city of the States of Germany, German state of Baden-Württemberg, after its capital Stuttgart a ...

and uses their agree21 banking software for IT operations. Additionally, an extensive and longstanding partnership exists with

Paderborn Paderborn (; Westphalian language, Westphalian: ''Patterbuorn'', also ''Paterboärn'') is a city in eastern North Rhine-Westphalia, Germany, capital of the Paderborn (district), Paderborn district. The name of the city derives from the river Pade ...

-based company S&N.

References

External links

* {{Authority control Banks of Germany Banks established in 1949