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The oldest Sparda-Bank was founded on 6 May 1896 as Spar- und Vorschuss-Verein der badischen Eisenbahnbeamten (Savings and Imprest Association of the Baden Railroad Officials) in Karlsruhe. [1]
Wero is a European mobile payment system intended to replace Giropay in Germany, Paylib in France, [1] Payconiq in Belgium [2] and Luxembourg and iDEAL in The Netherlands. The service was launched on 2 July 2024 by the European Payments Initiative. [3]
This is a list of co-operative banks in Germany according to the information provided by the Bundesverband der Deutschen Volksbanken und Raiffeisenbanken (BVR) umbrella organisation. By late 2008, there were 1,197 co-operative banks in Germany with total assets of €668 billion. German co-operative banks are members of regional organisations.
Rank Bank Total assets (billions of US dollars) Headquarter city 1 : HSBC: 2,919.84 London: 2 : BNP Paribas: 2,867.44 Paris: 3 : Crédit Agricole: 2,736.95 Paris
The Cooperative Financial Group's institutional protection scheme is Germany's oldest deposit guarantee scheme for banks and is run by the BVR. The BVR informs its member banks on economic and political developments and publishes the “Bank-Information” newsletter. European affairs are dealt with by a representation in Brussels.
Today Fiducia & GAD IT AG is the data center and IT service provider of the 14 PSD banks in Germany; prior it was the datacenter of the Sparda-Banks in Nuremberg. In August 2009 the PSD banks formed a collaboration with financial service provider Hypoport for process optimization and the development of collective products.
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Baader Bank AG; Bank of Issue in Poland; Bank für Sozialwirtschaft; Bank im Bistum Essen; Bankhaus Bauer; Bankhaus Lampe; Bankhaus Löbbecke; Bausparkasse Schwäbisch Hall; BBBank; Berenberg Bank; Berlin Hyp; BMW Bank