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The German public banking sector (German: Öffentliches Kreditwesen) represents a significant share of the broader banking sector in Germany. Unlike in most other Western and Central European countries, German public-sector banks have been present since the early phases of formalization of banking entities in the early modern period and have ...
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
On 12 November 1921 the BBBank was founded as a self-help facility for the public service in Karlsruhe. The Badische Beamten-Genossenschaftsbank eGmbH (Baden cooperative bank for civil servants), as the BBBank was called in those days, began operation on 1 January 1922 with 33 founding members in a small room in the House Nowackanlage 19.
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It prefers to invest in Southern Germany, but also considers investments in other regions of Germany, Austria and Switzerland. [2] LBBW has been designated as a Significant Institution since the entry into force of European Banking Supervision in late 2014, and as a consequence is directly supervised by the European Central Bank. [3] [4]
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