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[5]: 6 That feature set Germany apart from other European countries in which, aside from the Soviet Union of course, the bulk of the banking sector was in private-sector hands. [ 6 ] : 16 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 ...
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.
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
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.
Enjoy a classic game of Hearts and watch out for the Queen of Spades!
The Ersparungsclasse der Allgemeinen Versorgungsanstalt, established in Hamburg in 1778, is widely viewed as the first modern savings bank.Other accounts emphasize the significance of the savings bank of Göttingen, founded in 1801, [3]: 78 which was the first established with a municipal guarantor whereas earlier foundations had been initiated by merchants, clerics or academics (Hamburg later ...