Search results
Results from the WOW.Com Content Network
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 ...
With total assets of some 3,029 billion euros, VÖB's member institutions cover approximately one quarter of the German banking market. Public-sector banks view themselves as owing responsibility towards SMEs, other enterprises, the public sector, and retail customers; they are deeply rooted in their respective home regions, all over Germany.
Ost-West Handelsbank AG (OWH) was a Soviet-controlled bank in Frankfurt established in 1971. [ 1 ] [ 2 ] It was acquired by VTB Bank and changed its name to VTB Bank Deutschland on 30 September 2006.
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.
The BdB was founded in 1951 in Cologne as an Eingetragener Verein, succeeding the pre-war Centralverband des deutschen Bank- und Bankiergewerbes (1901-1945), which was based in Berlin. [2] In 1999 it moved back to Berlin, [ 3 ] while its the publishing subsidiary Bankverlag remained in Cologne.
Hohenzollerische Landesbank Kreissparkasse Sigmaringen is a local public savings bank, part of the Sparkassen-Finanzgruppe; its earliest predecessor was established in 1834 as Spar- und Leihkasse für das Fürstentum Hohenzollern-Sigmaringen, and was renamed Hohenzollerische Landesbank Spar- und Leihkasse in 1930
Prime among the insurers are two global players: Munich Re (turnover in 2012: €52.0 billion) [1] and Allianz (turnover in 2012: €106.4 billion). [2] Munich's banking sector is large and multifaceted. All told, the region's insurers and banks employ 55,810 people – equivalent to 8.1% of the region's total workforce. [3]
The State Bank of the GDR (German: Staatsbank der DDR) was the central bank of East Germany. [1] It was established on 1 January 1968 from the Deutsche Notenbank and took over the majority of the same tasks.