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Bank of Communications, Frankfurt; Bank Sepah, Frankfurt; Citibank Privatkunden, Düsseldorf (since December 2008 part of French Crédit Mutuel bank); Citigroup Global Markets Deutschland (Corporate Bank), Frankfurt
The Sparkassen-Finanzgruppe ("Savings Banks Financial Group") is a network of public banks that together form the largest financial services group in Germany by assets. Its name refers to local government-controlled savings banks that are known in German as Sparkasse, plural Sparkassen. [2]
As a consequence of the European banking crisis of 1931, further German banks were nationalized, but they were soon reprivatized in 1935–1937 by Nazi Germany. [5] Still, by 1938, government-owned banks represented 42 percent (in terms of aggregated assets) of the 25 largest banks in Germany, not counting those in annexed Austria.
The KfW, which together with its subsidiaries DEG, KfW IPEX-Bank and FuB forms the KfW Bankengruppe ("banking group"), is a German state-owned investment and development bank, based in Frankfurt. As of 2014, it is the world's largest national development bank [ 2 ] and as of 2018 Germany's third largest bank by balance sheet.
Westdeutsche Landesbank was a prominent exemplar of the German Landesbanken before collapsing in 2007-2012. In German-speaking jurisdictions, Landesbank (plural Landesbanken), lit. ' bank of the Land ', refers to a category of public sector banks that are owned by one or more of the Länder (federated internally self-governing states).
The history of the Bundesbank is inextricably linked with the history of the German currency after the Second World War.Following the total destruction after the war, the old Reichsmark was practically worthless, and a currency reform was implemented in the western occupation zones including West Berlin: on 21 June 1948, the D-Mark, or Deutsche Mark, replaced the Reichsmark.
VÖB is the only German banking association exercising the functions of an employer association for its member institutions: the Public-Sector Banks’ Employer Association (German: Tarifgemeinschaft Öffentlicher Banken), which comprises VÖB member institutions with a total of 60,000 employees (as at financial year 2022) and which performs ...
By 1930 Commerz- und Privatbank was Germany's fourth-largest joint-stock bank by total deposits with 1.5 billion Reichsmarks, behind Deutsche Bank & Disconto-Gesellschaft (4.8 billion), Danat-Bank (2.4 billion), and Dresdner Bank (2.3 billion) and ahead of Reichs-Kredit-Gesellschaft (619 million) and Berliner Handels-Gesellschaft (412 million).