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The management of the guarantees is in the hands of Euler Hermes (which is the lead) and PricewaterhouseCoopers.Decisions on matters of principle and the underwriting of large export transactions are made by an inter-ministerial committee comprising representatives not only of the German Federal Ministry of Economics and Technology but also of the Federal Ministry of Finance, the German ...
The Central Credit Committee was founded in 1932 as a common interest group of the five federal interest groups that represent the financial sector in Germany. Until August 2011, the association was known as the Central Credit Committee [2] (German: Zentraler Kreditausschuss / ZKA) when it adopted a new name (after almost eighty years). [3]
The Commerzbank Aktiengesellschaft (shortly known as Commerzbank AG or Commerzbank [kɔˈmɛʁtsˌbaŋk]) is a European banking institution headquartered in Frankfurt am Main, Hesse, Germany. It offers services to private and entrepreneurial customers as well as corporate clients. [ 1 ]
Schufa Holding AG (German: Schutzgemeinschaft für allgemeine Kreditsicherung; English: General Credit Protection Agency [1]), proper spelling SCHUFA, is a German private credit bureau supported by creditors. It has its headquarters in Wiesbaden. Schufa's purpose is to protect its clients from credit risks.
As of 2014, it is the world's largest national development bank [2] and as of 2018 Germany's third largest bank by balance sheet. Its name originally comes from Kreditanstalt für Wiederaufbau ("Credit Institute for Reconstruction"). It was formed in 1948 after World War II as part of the Marshall Plan.
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.
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 [].
Solaris SE (until November 2022 as Solarisbank AG [3]) is a credit institution licensed in Germany, with headquarters in Berlin and branches in London, Paris, Milan, Madrid and Vilnius.