Which bank is richest in Germany?
As per the total assets acquired, this tops the list in the ranking. At the same time, this is the leading bank of all private banks in Germany. As per the last report of 2021, Deutsche Bank has acquired total assets of €1.324 trillion. The headquarters of Deutsche Bank is in Frankfurt.
The biggest private German bank, which is highly active on a scale, is Deutsche Bank. Its headquarters are located in Frankfurt. Other significant private banks include Commerzbank and UniCredit Bank AG.
Cash Group is a cooperation of the four largest German private banks (Deutsche Bank, Commerzbank, HypoVereinsbank, and Postbank) and their subsidiaries, in which they mutually waive ATM usage fees for their customers.
It is a component of the DAX stock market index and is often referred to as the largest German banking institution, with Deutsche Bank holding the majority stake in DWS Group for combined assets of 2.2 trillion euros, rivaling even Sparkassen-Finanzgruppe in terms of combined assets.
HSBC is the largest bank in Europe based on assets, with a balance sheet total of €2,597 billion.
The best bank in Europe is KfW in Germany, which was voted number one in the list of the 50 safest banks in Europe 2024. KfW's rank as the most secure bank goes beyond Europe, too–being ranked number one for twelve years in a row for the World's Safest Banks by the US finance magazine Global Finance.
For those who prefer a more traditional banking experience, Deutsche Bank, Commerzbank, Postbank, Sparkasse, and Volksbank are excellent options for newcomers. These banks offer a range of services and features, along with the added benefit of physical branches across the country.
Frankfurt is the largest financial hub in continental Europe. It is home to the European Central Bank, Deutsche Bundesbank, Frankfurt Stock Exchange and several large commercial banks.
The oldest bank still in existence in Germany, Berenberg Bank, was founded by Dutch brothers Hans and Paul Berenberg in 1590, is still owned by the Berenberg family, and is the world's oldest or second oldest bank, depending on the exact definition.
Deutsche Bank is the largest bank in the country, totaling over 1.32 trillion euros in assets.
Who is the richest German family in the world?
Klaus-Michael Kuehne, leads as the 1st in Germany, with $39.55B in Logistics sector. Followed by Dieter Schwarz, 2nd in Germany, making waves in Fashion & Retail at 40th globally, and Reinhold Wuerth & family, 3rd in Germany, contributing significantly to Manufacturing at 45th globally.
Germany is home to a total of 102 billionaires. Munich has the highest concentration with 12 billionaires, followed by Hamburg with 10, and Melsungen with 8. Other cities with multiple billionaires include Berlin with 7, Bielefeld and Heidelberg with 3 each, and Battenberg and Dusseldorf with 2 each.
Dieter Schwarz was ranked as the wealthiest people in Germany in 2024, according to Forbes, with assets amounting to 46.4 billion U.S. dollars. The 25 wealthiest people in Germany all had capital of at least five billion dollars.
Among these 200 private banks, one of the top banks in Germany is Deutsche Bank, at rank 1. Second-tier: The second tier of banks is publicly owned savings banks. There are 400 publicly-owned savings banks.
Handelsbanken is the safest commercial bank in Europe, according to Global Finance's ranking of over 500 banks worldwide. “Personal, long-term relationships with our customers, coupled with strong finances, are the cornerstones of our way of running a bank,” says Carl Cederschiöld, Handelsbanken's CFO.
Rank | Bank | Headquarter city |
---|---|---|
1 | HSBC | London |
2 | BNP Paribas | Paris |
3 | Crédit Agricole | Paris |
4 | Banco Santander | Santander (legal); Madrid (operations) |
- bunq – They speak 7 languages. They accept many passport types. ...
- Commerzbank – They have basic online banking in English. ...
- Deutsche Bank – Online banking, customer service and some documents are in English. ...
- Monese – They speak 14 languages. ...
- N26 – They speak 5 languages. ...
- Wise – They speak 14 languages.
1) GLS Bank
GLS Bank, founded in 1974 and based in Bochum, fulfils almost all the criteria of the Fair Finance Guide. GLS Bank invests in more than 11,000 companies and projects such as free schools and kindergartens, regenerative energies, facilities for the disabled or sustainable construction each financial year.
- N26 Standard Mastercard – Best debit card in Germany.
- DKB Visa Debit – Best for established expats.
- Commerzbank Mastercard Debit – Best debit card at a branch bank.
Foreigners can open a bank account in Germany, both in a German and an international bank, as well as in an online bank. Most banks offer both free and paid (from 2.90 to 14.90 euros per month) accounts that differ in the range of available services.
Which bank has the most branches in Germany?
Branch numbers of leading German banks 2021
The largest German bank with the most extensive branch network in 2021 was Deutsche Bank AG, headquartered in Frankfurt am Main, with 1,709 branches, followed by Commerzbank AG, with 978 branches. Characteristic for the German banking industry is its three-layered structure.
As one of the top financial hubs in the world and the wealthiest city in main Europe, Frankfurt is home to more than 117,000 millionaires, including 14 billionaires. Frankfurt stands out from other big German cities (Berlin, Hamburg) in terms of wealthy populations despite contributing less to the country's GDP.
Germany became a federation of 16 states after the unification of the two sides. While the state of North Rhine-Westphalia is Germany's richest state by Gross Domestic Product (GDP), Hamburg leads regarding GDP per capita.
DZ Bank AG (German pronunciation: [deː ˈt͡sɛt baŋk aːɡeː]) is the second largest bank in Germany by asset size and the central institution for around 800 cooperative banks and their around 8,500 branch offices.
Bank Noun. Bank, die ~ (Bankgebäude)
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