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

Banking Location Germany

There were 1,823 credit institutions active in Germany in 2018, of which 267 were private banks. The banking sector has a workforce of more than 570,000 people. The total assets of the German banking industry amounted to EUR 7,927 billion in 2018.

German Banking Industry Assets 2018
German Banking Industry Assets 2018 | © 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 2017 (in EUR billion)
Deutsche Bank AGFrankfurt/M.1.474
DZ Bank AG Frankfurt/M.505
KfW Kreditanstalt für WiederaufbauFrankfurt/M.472
Commerzbank AGFrankfurt/M.452
Unicredit Bank AGMunich299
Landesbank Baden-WürttembergStuttgart237
Bayerische Landesbank Munich214
Norddeutsche Landesbank GirozentraleHanover165
ING-Diba AGFrankfurt/M.162
Landesbank Hessen-Thüringen GirozentraleFrankfurt/M.158
Source: Statista

Largest German Saving Banks by Total Assets 2018 (in EUR billion)
Hamburger Sparkasse Hamburg45.8
Sparkasse Köln/BonnCologne26.7
Kreissparkasse KölnCologne26.1
Frankfurter SparkasseFrankfurt/M.19.1
Stadtsparkasse MünchenMunich19.1
Sparkasse HannoverHanover15.4
Mittelbrandenburgische Sparkasse in PotsdamPotsdam13.6
Sparkasse Pforzheim CalwPforzheim12.4
Ostsächsische Sparkasse DresdenDresden12.2
Nassauische SparkasseWiesbaden11.8
Source: Deutscher Sparkassen- und Giroverband

Largest German Cooperative Banks by Total Assets 2018 (in EUR billion)
Deutsche Apotheker- und Ärztebank eGDüsseldorf45.5
Berliner Volksbank eG Berlin14.1
Sparda-Bank Baden-Württemberg eG Stuttgart13.7
Frankfurter Volksbank eGFrankfurt/M.12.3
Sparda-Bank West eGDüsseldorf12.2
BBBank eG, Karlsruhe Karlsruhe12.0
Sparda-Bank Südwest eGMainz10.1
Bank für Sozialwirtschaft AG Cologne8.8
Sparda-Bank München eG Munich8.2
Volksbank Mittelhessen eGGießen7.8
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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