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

Banking Location Germany

There were 1,717 credit institutions active in Germany in 2019, of which 276 were private banks. The banking sector has a workforce around 500,000 people. The total assets of the German banking industry amounted to EUR 8,359 billion in 2019.

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 2019 (in EUR billion)

Deutsche Bank AG

Frankfurt/M.

1.297

DZ Bank AG

Frankfurt/M.

559

KfW Kreditanstalt für Wiederaufbau

Frankfurt/M.

506

Commerzbank AG

Frankfurt/M.

463

Unicredit Bank AG

Munich

303

DB Privat- und Firmenkundenbank (ehemals Postbank)

Frankfurt

287

Landesbank Baden-Württemberg

Stuttgart

256

Bayerische Landesbank

Munich

225

Landesbank Hessen-Thüringen Girozentrale

Frankfurt/M.

207

ING-Diba AG

Frankfurt/M.

176

Source: Statista


Largest German Saving Banks by Total Assets 2020 (in EUR billion)

Hamburger Sparkasse

Hamburg

55.4

Kreissparkasse Köln 

Cologne

28.8

Sparkasse Köln/Bonn

Cologne

27.9

Stadtsparkasse München

Munich

22.2

Frankfurter Sparkasse

Frankfurt/M.

21.1

Sparkasse Hannover

Hanover

18.6

Mittelbrandenburgische Sparkasse in Potsdam

Potsdam

15.6

Sparkasse Pforzheim Calw

Pforzheim

15.6

Nassauische Sparkasse 

Wiesbaden

14.3

Ostsächsische Sparkasse Dresden

Dresden

13.8

Source: Deutscher Sparkassen- und Giroverband


Largest German Cooperative Banks by Total Assets 2020 (in EUR billion)

Deutsche Apotheker- und Ärztebank eG

Düsseldorf

59.3

Berliner Volksbank eG

Berlin

16.8

Sparda-Bank Baden-Württemberg eG

Stuttgart

14.6

BBBank eG, Karlsruhe

Karlsruhe

14.3

Sparda-Bank West eG

Düsseldorf

13.2

Frankfurter Volksbank eG

Frankfurt/M.

13.2

Sparda-Bank Südwest eG

Mainz

11.3

meine Volksbank Raiffeisenbank eG

Rosenheim

9.9

Bank für Sozialwirtschaft AG

Cologne

9.4

Sparda-Bank München eG

Munich

9.3

Source: Bundesverband der Deutschen Volksbanken und Raiffeisenbanken


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

More Information:

Germany as a “Sustainable Finance” Location

www.marketsgermany.com www.marketsgermany.com | © shapecharge/istock.com/GTAI

The State Secretaries’ Committee for Sustainable Development has approved fresh efforts to help make Germany a leading location for “sustainable finance”, which the federal government understands as financial market players taking sustainability into account in their decision-making.

Read the article about Germany as a "Sustainable Finance" Location (Markets Germany 05/19)

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