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Munich's 50 banks include Bayerische Hypo- und Vereinsbank AG, which merged with Unicredit to form a European-level banking group; and BayernLB. Stadtsparkasse München is one of Germany's largest savings banks. Mortgage-related transactions are one of the sector's specialties. Munich-based banks issue one third of all Germany's mortgage bonds.
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 ...
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.
Among other things, the value of Ke and the Cost of Debt (COD) [6] enables management to arbitrate different forms of short and long term financing for various types of expenditures. Ke applies most prominently to companies that regularly generate excess capital (free cash flow, cash on hand) from ongoing operations.
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 ...
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
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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.