Frankfurt am Main Banks
European Central Bank (Kaiserstrasse 29, D-60311 Frankfurt am Main, Germany. Ph: 6913440. www.ecb.int): It was established in Frankfurt am Main in June 1998. Also known as ECB, it is the central bank for the Euro, the single currency of the Member States of the European Union since January 1999. The bank was established as the core of the Eurosystem and the European System of Central Banks. The bank mainly maintains the price stability of Euro and is also responsible for performing all duties of a central bank. It employs around 1,350 people from all over the 25 EU countries.
Duetsche Bundesbank (Postfach 10 06 02, D - 60006 Frankfurt am Main): Established in 1957, it is the central bank of the Federal Republic of
Germany. Having its headquarters in Frankfurt am Main, the bank is a part of the European System of Central Banks (ESCB). Apart from the headquarters, it has nine regional offices in Berlin, Düsseldorf, Frankfurt am Main, Hamburg, Hanover, Leipzig, Mainz, Munich and Stuttgart. The Frankfurt branch employs around 3,909 staff. The bank carries out business with the credit institutions and public authorities in the respective areas. It is also responsible for fulfilling the monetary task of the Eurosystem.
KfW Banking Group (Palmengartenstrasse 5-9, 60325 Frankfurt am Main. Ph: 69 7431-0. www.kfw.de): Known as KfW Bankengruppe, KfW Banking Group has its headquarters in Frankfurt Am Main. It has its branches in Berlin and Bonn, and employs around 3,900 people. Owned by the federal government and the Länder, KfW Bankengruppe has become an efficient promotional bank. Kreditanstalt für Wiederaufbau (KfW) provides long-term and low-interest loans to help medium-sized and start-up companies. With a balance sheet total of some 329 billion euros, it is one of the ten largest
banks in Germany. With more than 50 years of experience, it is regarded as one of the ten biggest banks in Germany having a balance sheet of EUR 341 billion.
Asian Development Bank (ADB) (Rahmhofstrasse 2, 60313 Frankfurt am Main, Germany. Ph: 69 21 93 64 00. www.adb.org/ero/): The only office of the bank in Europe was established in Frankfurt am Main in December 1996. There is a European Representative Office (ERO) responsible for enhancing public awareness about the role and activities of ADB. It is a multilateral development financial institution with a mission to help the developing member countries, reduce poverty and improve the quality of life of their citizens.
World Bank Group: This group has five closely associated institutions that play a major role to fight poverty and improve the living standards of the people. The World Bank Group includes IBRD (International Bank for Reconstruction and Development), IDA (International Development Association), IFC (International Finance Corporation), MIGA (Multilateral Investment Guarantee Agency) and ICSID (International Center for Settlement of Investment Disputes). The IBRD was established in 1945, IDA in 1960, IFC in 1956, MIGA in 1988 and ICSID in 1966. The World Bank Group institutions are run by a Board of 24 Executive Directors each representing one country. The German office of IFC, one of its institutions has its headquarters in Frankfurt am Main.
Chinese Central Bank: There are over 245 Chinese companies in FrankfurtReinMain. Many banks in China have established offices in the area, which is Frankfurt’s main economic center. Chinese Central Bank is the central bank of the People’s Republic of China. It has the power to control monetary policy and regulate financial institutions. It is the only bank in China responsible for central banking and commercial banking operations. It has also established its German headquarters in Frankfurt.
Deutsche Bank (Deutsche Bank AG, Taunusanlage 12, 60325 Frankfurt am Main. Ph:69 910-00): It is a leading global investment bank with profitable private clients franchise. It comprises of three group divisions such as Corporate and Investment Bank (CIB), Private Clients and Asset Management (PCAM) and Corporate Investments (CI). Funded in 1870, the bank has developed into a global financial services provider. Having its head office in Frankfurt am Main with an asset of € 1,097 billion, it is one of the leading banks in Germany.
Dresdner Bank (Jürgen-Ponto-Platz 1, 60311 Frankfurt am Main. Ph: 069/263-0. www.dresdner-bank.de): Headquartered in Frankfurt am Main, the bank is internationally active. It has around 960 offices in over 50 places. It ranks among the prominent European bank syndicates. Their main dealings are based on online banking. With a huge balance sheet, it has become one of the main banks that serve Germany.
Commerzbank (Kaiserplatz, 60311 Frankfurt am Main. www.commerzbank.de): The bank is involved in education, culture, science, enterprise, environment and social concerns. Its commitment to the environment is aimed at modern building management to ensure best use of resources. Commerzbank is one of the leading German banks with an extensive branch network and a total asset of 380 billion euros.
Hauck & Aufhauser (Kaiserstraße 24, 60311 Frankfurt am Main. Ph: 069/2161-1. www.hauck-aufhaeuser.de): It is a provider of financial advisory services. Its main services are real estate, portfolio management, financing, trust functions and donations. It offers investment management to institutional investors. With a high balance sheet, the bank has proved successful.
Delbruck Bethmann Maffei (Mainzer Landstraße 65, 60329 Frankfurt am Main. Ph: 069/13 31-4254. www.delbrueck.de): It is a private bank with the emphasis on administration of the estate. The bank mainly deals with range investment and customer credits.
BHF-Bank (Bockenheimer, Landstrasse10, 60323, Frankfurt am Main): Established in 1854, it has become one of Germany’s prestigious private banks. In its dealings as an advisory, service and sales and trading bank, BHF-Bank has grown to become a leading service provider.
DZ Bank (Platz der Republik, 60325 Frankfurt am Main. Ph: 069/7447-01. www.dzbank.de): Deutsche Zentral-Genossenschaftsbank is a central and commercial bank leading in one-stop financial services. It provides access to the international financial markets for its customers. Headquartered in Frankfurt, it is one of the leading banks in the country.
The Deka (Taunusanlage 1, 60329 Frankfurt am Main. Ph: 69/7147-0 www.dekabank.de): Deka Bank founded in Frankfurt in 1993, is a leading asset manager and a central institution of the German Savings Banks Financial Group. With a balance sheet total of EUR 115 billion, it is one of the leading financial service providers. Based in Frankfurt am Main, it has offices and subsidiaries in Germany, Luxembourg, Switzerland and Ireland.
Frankfurt Sparkasse (Neue Mainzer Straße 47 – 53, 60255 Frankfurt am Main. Ph: 069/2641-0. www.fraspa1822.de): The bank based in Frankfurt am Main was opened in 1822. It has around 700,000 customers. With a balance sheet of 14 billion Euros, it has become the fourth largest savings banks in Germany. It is widely known around the world with 89 branches.
Landesbank Hessen-Thuringen(Neue Mainzer Straße 52-58, 60311 Frankfurt am Main. Ph: 69/91 32-01): The bank deals with Investment, Cash management & electronics Banking, Financing, PPP - Public Private Partnership, Conveyance, Building-save, Real Estates, Global Markets and Economical analyses. Having its head office in Frankfurt, it has become a prestigious bank in the country. Its building is the fourth highest skyscraper in the banking center in the city.
