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By 1990, it was the third largest of the daughters of the State Bank of USSR behind the much larger Moscow Narodny Bank in London and Banque Commerciale pour l'Europe du Nord – Eurobank in Paris. [1] [14] At the end of 1991, Ost-West Handelsbank had a DM 65 million paid-in share of capital. [3]
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.
By 1930 Commerz- und Privatbank was Germany's fourth-largest joint-stock bank by total deposits with 1.5 billion Reichsmarks, behind Deutsche Bank & Disconto-Gesellschaft (4.8 billion), Danat-Bank (2.4 billion), and Dresdner Bank (2.3 billion) and ahead of Reichs-Kredit-Gesellschaft (619 million) and Berliner Handels-Gesellschaft (412 million).
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 ...
Hermann Schulze-Delitzsch (1808–1883) Friedrich Wilhelm Raiffeisen (1818–1888) Wilhelm Haas (1839–1913) In 1843, the first German cooperative bank was created by 50 inhabitants of Öhringen in the Kingdom of Württemberg, who named it the Öhringer Privatspar- und Leihkasse ("private savings and lending bank of Öhringen") – it still exists as the Volksbank Hohenlohe [].
For the third year in a row, The bank was awarded as "Best Performing Bank" in Germany by The Banker. The bank changed its name from HSH Nordbank to Hamburg Commercial Bank (HCOB) on February 4, 2019, after the bank was sold to new owners in 2018. [4] HCOB has foreign offices in Athens and other significant operations in Luxembourg and London.
The bank's fortunes began to rise in 1754 based on its business in imperial, princely and municipal bonds and skyrocketed from 1778, thanks to the bank's innovation of breaking the Austrian emperor's borrowing down into "sub-bonds" (Partialobligationen) at 1000 gulden each offered to the public, which made them tradeable in secondary markets ...
Today, CashPool is Cash Group's primary competitor in Germany. However, with more than 2,500 ATMs, [2] and 29 member institutions it is significantly smaller. Norisbank GmbH, one of the current members of Cash Group, originally was a member of CashPool. It left CashPool and became a member of Cash Group after its acquisition by Deutsche Bank in ...