Hamburg Banks are an important part of the economy of Hamburg. Banks in Hamburg oversee financial transactions that could make a difference to the economy of the country as a whole. Some of the important financial institutions in Hamburg include:
- The Dresdner Bank: One of the most important banks in Germany, it has a total of 12,000 insurance agencies all over the world. The Dresdner Bank has 900 branches in Germany. It has two corporate sections that deal with private, business, personal and other fiscal matters. They also deal with global marketing. The two divisions are the Private & Corporate Client section and the Investment Banking section. It ranks third among the 10 best banks in the country.
- Credit Suisse: It ranks seventh among the best banks in Germany
- Bank of China: It is an overseas bank and is considered to have played a key role in the
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trans-continental trade and commerce of the country. The bank specializes in deals concerned with commercial banking, insurance and investment banking.
- HSBC Bank: Belonging to a renowned banking group, the HSBC branch of Hamburg caters to client services that are concerned with private banking, corporate and institutional banking.
- Haspa Bank: It is the largest savings bank in Hamburg with a total of 250 branches as of in the year 2006. It is the account holder of 998,000 members and has a total balance sheet of 33,961 million Euro.
The banking sector in Hamburg has gained a new momentum with the state-of-the-art functioning of the banks in the city. The Hamburg Banks have devised strategies and policies that are both consumer-friendly and service-oriented in nature. Catering to the demands of small time investors as well as renowned corporate firms, the banks of Hamburg have gained an important pedestal in the financial sector of Hamburg.
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