Financial Sector

Modern office Building in Frankfurt, Germany | © Nikada/Getty Images

Financial Sector

The financial sector enjoys great importance in Germany and is an important sector in the domestic economy. The financial services industry plays an important role in the economic development of a national economy, for example, in the financing of entrepreneurial activities and expansions.

Financial Services

Financial services and insurance providers contributed around EUR 111 billion to GDP in 2017 – equivalent to almost four percent of total domestic GDP. The financial services and insurance sector employs a workforce of around 1.2 million people in 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.



Germany’s insurance market – measured in terms of premium revenue – is the second-largest reinsurance market in the world after the USA.


Fund & Asset Management

Investment companies in Europe manage assets of EUR 15.7 billion for investors. Germany is the most important investment fund market in Europe, with 16 percent market share.



Germany is an important FinTech market in Europe and the fourth largest in the world.


Private Equity & Venture Capital

There are around 300 associate companies that invest in more than 1,000 companies per year resident in Germany. More than 5,000 companies are managed in the portfolios in total. In 2017, private equity (PE) investment totaled EUR 11.3 billion.


Factoring & Leasing

Factoring is a flexible and bank-independent concept for corporate financing. Factoring is a particularly well established instrument of SME financing in Germany.


Dr. Josefine Dutschmann Dr. Josefine Dutschmann | © GTAI

Contact Us

Dr. Josefine Dutschmann

‎+49 30 200 099 204

Useful Links

Please browse through our collection of useful contacts and links. More