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[3] [6] From 1973 to 1991, OWHB facilitated trade between East Germany and West Germany through its stand at the annual spring and autumn festivals in Leipzig. [6] In 1974, OWHB gained stakes in Moscow People's Bank (London) and Wozkhod Handelsbank (Zurich) and Viktor Gerashchenko became the second chairman of the board replacing Dubonosov. [6]
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
Banking in Germany is a highly leveraged industry, as its average leverage ratio (assets divided by net worth) as of 11 October 2008 is 52 to 1 (while, in comparison, that of France is 28 to 1 and that of the United Kingdom is 24 to 1); its short-term liabilities are equal to 60% of the German GDP or 167% of its national debt.
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On August 3, 2006, DZ Bank sold the 98 branches and the brand name Norisbank for 420 million Euros to Deutsche Bank, which also took over the customer base. [5] Norisbank AG based in Nuremberg then renamed to Teambank AG Nuremberg , while the sold branches were continued by the newly founded Norisbank GmbH based in Frankfurt am Main .
On 1 July 2016, a joint venture in which the Santander Consumer Bank AG holds a 50 percent stake, was launched by the PSA Bank Deutschland GmbH. The PSA Bank offers car financing, leasing products and dealer financing with the Peugeot Bank and Citroën Bank brands. Deposits are available through the PSA Direct Bank. [7] In September 2016, the ...
IKB Deutsche Industriebank AG (FWB: IKBG) is a bank headquartered in Düsseldorf, Germany. It was established in 1924 under the name Bank für Industrie-Obligationen (lit. ' Bank for Industrial Bonds '). IKB supports medium-sized enterprises in Germany and Europe with loans, risk management, capital market services and advisory services. The ...