The banking system of Germany Merchant companies

The banking system of Germany

Merchant companies

Merchant companies

Headquarters –

Existence –

Currency –

Private –

Cooperative -

Banking in Germany has a long history. In the 15th century South German merchant companies carried conversion, exchange, credit and other banking transactions.

Banking in Germany has a long history. In the 15th century South German merchant companies carried conversion, exchange, credit and other banking transactions.

The oldest bank still in existence in Germany, Berenberg Bank, was founded by Dutch brothers Hans and Paul Berenberg in 1590, and is still owned by the Berenberg family.

The oldest bank still in existence in Germany, Berenberg Bank, was founded by Dutch brothers Hans and Paul Berenberg in 1590, and is still owned by the Berenberg family.

Berenberg Bank

Now the German banking system is one of the most stable and well-organized systems in the world. The structure of the banking sector in Germany is represented by three major sectors:private,national and cooperative.

Now the German banking system is one of the most stable and well-organized systems in the world. The structure of the banking sector in Germany is represented by three major sectors:private,national and cooperative.

Euro is the official currency of Germany

At the end of 2011 in Germany are 2121 banks. The largest banks are Deutsche Bank and Commerzbank.

At the end of 2011 in Germany are 2121 banks. The largest banks are Deutsche Bank and Commerzbank.

The Deutsche Bundesbank is the central bank of the Federal Republic of Germany. It was founded in 1957. Bundesbank headquarters is in Frankfurt am Main.

The Deutsche Bundesbank is the central bank of the Federal Republic of Germany. It was founded in 1957. Bundesbank headquarters is in Frankfurt am Main.

Deutsche Bundesbank

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