Services

There were 1,508 credit institutions active in Germany in 2020, of which 256 were private banks. The banking sector has a workforce of around 550,000 people.

More and more German companies and global players operating in Germany are using innovative concepts to optimize their back office and non-core functions.

Germany's contact center industry is booming and helping companies worldwide with their CRM needs in Europe and abroad.

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

Financial services and insurance providers contributed around EUR 122 billion to GDP in 2021 – equivalent to around four percent of total domestic GDP. The financial services and insurance sector employs a workforce of around 1 million people in Germany.

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

Investment companies in Europe manage assets of EUR 13.7 trillion for investors. Germany is the most important investment fund market in Europe, with 28 percent market share.

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

Located at Europe's center, Germany is the continent's largest economy and most important logistics hub, offering world-class infrastructure and cutting-edge logistics services.

There are around 400 associate companies that invest in around 1,000 companies per year resident in Germany. More than 5,500 companies are managed in the portfolios in total. In 2021, private equity (PE) investment totaled EUR 12.6 billion.