Banks in Germany

Banks and Saving banks in Germany



Germany has classified banks into three main groups: public sector banks, cooperatives and commercial banks, and 75% of all transactions are carried out by them. Public sector banks are composed by Landesbanken (they are similar to regional banks) mostly owned by the federal states in which they are located, HSH Nordbank or Landesbank Baden-Wüttemberg are examples of it. We also find Sparkassen (Die Sparkasse Bremen AG, Hamburger Sparkasse AG...) or saving banks, working as commercial ones and decentralized, each of those banks is independent from the others, they focus on local costumers and they are not profit  intitutions.

 

Private commercial banks are standard banks offering saving accounts, or lending money, etc., and the largest banks in Germany are of this kind: Deutsche Bank and Commerzbank AG. Cooperatives are composed by the association of members sharing the same responsibility in business, DZ BANK AG or WGZ-BANK represent this. If we had to classified these banks upon their activities, we could say they are either universal or spezialised  banks.

 

Above all there is the German Federal Bank, or Deutsche Bundesbank, Germany's central bank and the institution which issues banknotes, supervising commercial banks or managing currency reserves. Therefore is the most important part of this system.

Showing 8 Banks in Germany


Scotiabank

Furstenberg

Heslan

Hasp

Wkz Bank

Royal Imperial Deutsche Bank

Komet

Heller Bank Ag

News related with Germany Banks


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Santander Joins List of Banks in German Tax-Dodge Crackdown - Bloomberg

... bank already known to be under investigation, Hamburg-based MM Warburg & Co, may be in more trouble than at first thought. German broadcaster NDR, another contributor to Thursday's reports, said Warburg's current Chief Executive Officer Joachim ...German investigation into tax wheeze spreads to Spain's SantanderFinancial TimesBanks used tax s...

 

Santander is latest bank targeted in Germany's giant tax fraud probe - Independent.ie

... probeIndependent.ieA Santander spokesman said that the bank was "fully co-operating" with German authorities and conducting its own internal investigation. The bank "doesn't tolerate behaviour" that fails to comply with the rules and laws in the market where it operates ...Top EU banks guilty of multi-billion tax fraudEUobserverRe...

 

German banks report sharp fall in Iran exports amid new US sanctions - euronews

... banks report sharp fall in Iran exports amid new US sancti...

 

Foreign banks involved in massive swindle case - The Copenhagen Post - Danish news in english

... caseThe Copenhagen Post - Danish news in englishThe documents reportedly revealed that for years, Macquarie has played a key role in the network of international financing, legal firms and banks that has specialised in speculating in illicit tax refunds targeting European state coffers. Germany ......

 

Penta, the German challenger bank account for SMEs, raises €7M Series A - TechCrunch

... ATechCrunchPenta, the German fintech startup that offers a digital bank account targeting SMEs, has raised €7 million in Series A funding. Backing the company once again is Inception Capital, with total funding now at €10 million since Penta was founded in May 2016.and more »...

 

Deutsche Bank asked to take action to prevent money laundering - CNBC

... prevent money launderingCNBCGerman regulators have ordered Deutsche Bank to take internal actions to prevent money laundering, a few weeks after a scandal erupted in Danske Bank. In a statement issued Monda...

 

 

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