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 AG

Frankfurt/M.

1.474

DZ Bank AG

Frankfurt/M.

505

KfW Kreditanstalt für Wiederaufbau

Frankfurt/M.

472

Commerzbank AG

Frankfurt/M.

452

Unicredit Bank AG

Munich

299

Landesbank Baden-Württemberg

Stuttgart

237

Bayerische Landesbank

Munich

214

Norddeutsche Landesbank Girozentrale

Hanover

165

ING-Diba AG

Frankfurt/M.

162

Landesbank Hessen-Thüringen Girozentrale

Frankfurt/M.

158

Source: Statista


Largest German Saving Banks by Total Assets 2018 (in EUR billion)

Hamburger Sparkasse

Hamburg

45.8

Sparkasse Köln/Bonn

Cologne

26.7

Kreissparkasse Köln

Cologne

26.1

Frankfurter Sparkasse

Frankfurt/M.

19.1

Stadtsparkasse München

Munich

19.1

Sparkasse Hannover

Hanover

15.4

Mittelbrandenburgische Sparkasse in Potsdam

Potsdam

13.6

Sparkasse Pforzheim Calw

Pforzheim

12.4

Ostsächsische Sparkasse Dresden

Dresden

12.2

Nassauische Sparkasse

Wiesbaden

11.8

Source: Deutscher Sparkassen- und Giroverband


Largest German Cooperative Banks by Total Assets 2018 (in EUR billion)

Deutsche Apotheker- und Ärztebank eG

Düsseldorf

45.5

Berliner Volksbank eG

Berlin

14.1

Sparda-Bank Baden-Württemberg eG

Stuttgart

13.7

Frankfurter Volksbank eG

Frankfurt/M.

12.3

Sparda-Bank West eG

Düsseldorf

12.2

BBBank eG, Karlsruhe

Karlsruhe

12.0

Sparda-Bank Südwest eG

Mainz

10.1

Bank für Sozialwirtschaft AG

Cologne

8.8

Sparda-Bank München eG

Munich

8.2

Volksbank Mittelhessen eG

Gießen

7.8

Source: Bundesverband der Deutschen Volksbanken und Raiffeisenbanken


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

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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