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The Sparda-Banks in Germany are eleven cooperative banks which are consolidated in the Verband der Sparda-Banken e. V. (Union of Sparda-Banks). Traditionally they are specialized in the retail banking business. The eleven, legally independent banks operate according to the regional principle, which means that each bank is responsible for a set business area and accepts customers only from that ...
German co-operative banks are members of regional organisations. These organisations are responsible for additional support of the local bank (such as specialised salesforces or providing further education for the bank staff) as well as acting as an audit body in compliance with German banking law.
History Founders' era Hermann Schulze-Delitzsch (1808-1883) Friedrich Wilhelm Raiffeisen (1818-1888) Wilhelm Haas (1839-1913) In 1843, the first German cooperative bank was created by 50 inhabitants of Öhringen in the Kingdom of Württemberg, who named it the Öhringer Privatspar- und Leihkasse (“private savings and lending bank of Öhringen”) – it still exists as the Volksbank ...
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The Banking Law of 30 August 1924 was inspired by the stabilization loans orchestrated by the Economic and Financial Organization of the League of Nations that had entailed the creation of the Oesterreichische Nationalbank in January 1923 and of the Hungarian National Bank in June 1924. It comprehensively reformed the Reichsbank and made it, for the first time, an explicitly independent ...
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Targobank AG (Proprietary notation: TARGOBANK) is a German bank mainly operating in the retail, business and corporate customer segments and is headquartered in Düsseldorf. With 700 employees at its head office, Targobank is one of the larger banking employers in the Düsseldorf financial center. In Duisburg, the bank runs a customer center ...
Drummonds Bank (a branch of The Royal Bank of Scotland), part of NatWest Group. Duncan Lawrie. First Trust Bank, part of Allied Irish Banks. Habib Bank AG Zurich. ICICI Bank UK, part of ICICI Bank. Isle of Man Bank (a trading name of RBS International ), part of NatWest Group. Julian Hodge Bank.