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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.
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; Credit Suisse; Goldman Sachs, Frankfurt; ICICI Bank, Eschborn; İşbank AG, Frankfurt [2] JP Morgan, Frankfurt; Julius Baer, Frankfurt
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.
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The Administrative Board is composed of 12 members of the Association Council. The Administrative Board advises the Board of Managing Directors on matters of banking business and banking policy. It also has the job of supervising the Board of Managing Directors and monitors how the Board of Managing Directors runs the protection scheme.
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