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Modern office Buildings in Frankfurt, Germany | © Getty Images/Westend61

Banking Location Germany

There were 1,888 credit institutions active in Germany in 2016, of which 281 were private banks. The banking sector has a workforce of more than 600,000 people. The total assets of the German banking industry amounted to EUR 7,836 billion in 2016.

German Banking Industry Assets 2016 | © Deutsche Bundesbank, bankenverband

The banking sector in Germany is made up of three pillars: commercial banks, the public banking sector (Sparkassen and Landesbanken – Germany’s decentralized network of independent regional commercial and savings banks) and cooperative banks (Volks- und Raiffeisenbanken).

This is a special characteristic of the German market, as private banks only cover part of the market. Large sections of the market are served by the network of savings and cooperative banks. Germany’s universal banking system is another unique feature of the German market.

Largest German Commercial Banks by Total Assets 2016 (in EUR billion)
Deutsche Bank AG*Frankfurt/M.1.591
DZ Bank AG **Frankfurt/M.509
KfW Kreditanstalt für WiederaufbauFrankfurt/M.507
Commerzbank AGFrankfurt/M.480
Unicredit Bank AGMunich302
Landesbank Baden-WürttembergStuttgart244
Bayerische Landesbank Munich212
Landesbank Hessen-Thüringen GirozentraleFrankfurt/M.175
Norddeutsche Landesbank GirozentraleHanover175
ING-Diba AGFrankfurt/M.158
*incl. Postbank; ** merger with WGZ Bank
Source: bankenverband
Largest German Saving Banks by Total Assets 2017 (in EUR billion)
Hamburger Sparkasse Hamburg44.1
Sparkasse Köln/BonnCologne26.2
Kreissparkasse KölnCologne25.8
Frankfurter SparkasseFrankfurt/M.18.7
Stadtsparkasse MünchenMunich17.9
Sparkasse HannoverHanover15.0
Mittelbrandenburgische Sparkasse in PotsdamPotsdam12.8
Sparkasse Pforzheim CalwPforzheim11.6
Ostsächsische Sparkasse DresdenDresden11.6
Nassauische SparkasseWiesbaden11.5
Source: Deutscher Sparkassen- und Giroverband
Largest German Cooperative Banks by Total Assets 2017 (in EUR billion)
Deutsche Apotheker- und Ärztebank eGDüsseldorf41.5
Berliner Volksbank eG Berlin13.5
Sparda-Bank Baden-Württemberg eG Stuttgart13.5
BBBank eG, Karlsruhe Karlsruhe11.0
Sparda-Bank Südwest eGMainz9.6
Frankfurter Volksbank eG Frankfurt/M.9.4
Sparda-Bank West eG Düsseldorf9.3
Bank für Sozialwirtschaft AG Cologne8.6
Sparda-Bank München eG Munich7.6
Evangelische Bank eG Kassel7.3
Source: Bundesverband der Deutschen Volksbanken und Raiffeisenbanken

The largest bank location in Germany is Frankfurt; other important bank locations include Munich, Dusseldorf, and Hamburg.

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Dr. Josefine Dutschmann Dr. Josefine Dutschmann | © GTAI

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