BAG Bankaktiengesellschaft
| BAG Bankaktiengesellschaft | |
|---|---|
|
|
| Country |
 Germany
|
| Seat | Hamm |
| legal form | Corporation |
| Bank code | 410 619 03 |
| BIC | GENO DEM1 BAG |
| founding | 1987 |
| Website | www.bag-bank.de |
| Business data 2017 | |
| Total assets | € 434.3 million |
| insoles | € 18.1 million |
| Customer credit | € 150.0 million |
| Employee | 121 + 128 (subsidiary) |
| management | |
| Board | René Kunsleben (speaker), Mark Binczick |
| Supervisory board | Gerhard Hofmann (Chairman) |
The BAG Bank Aktiengesellschaft (BAG) is a specialized financial institution of the cooperative financial cooperative banks with full banking license (so-called. CRR Institute ), headquartered in Westphalian Hamm . As a nearly 100% subsidiary of the Federal Association of German Volksbanks and Raiffeisenbanks eV (BVR), BAG is the competence center of the cooperative sector for processing and purchasing problematic loan commitments, real estate and investments.
history
BAG emerged in 1987 from the troubled Hammer Bank SpaDaKa eG . The original task of BAG was to act as a bad bank to wind up Hammer Bank. By the end of the 1990s at the latest, BAG established itself as a full-service provider and expert in problem loan processing thanks to its bundled know-how in the area of problem loans and was therefore retained as a permanent special credit institution within the cooperative financial network. BAG was initially limited to restructuring banks, but has been offering its services to all German cooperative banks since 2005 and, in individual cases, also works for savings banks or credit institutions in German-speaking countries.
tasks
As a service provider, BAG primarily offers problem loan processing in the form of the purchase of receivables and as a pure service provider in servicing ( outsourcing ). This differs mainly in the effect on the bank balance sheet, since when a receivable is purchased, the loan is transferred to the BAG, whereas in the case of servicing, a loan case is processed on behalf of (and according to strategy) the respective Volksbank or Raiffeisenbank. The processing can also consist of the development and support of handling and restructuring concepts.
While in the case of restructuring cases, the focus is on closely accompanying the borrowers, including monitoring the necessary restructuring concepts, in order to restore their ability to service debt, the processing of loan collateral to avoid damage for the originally lending bank is the focus of processing in the case of liquidation loans.
In some cases, this discussion has led to media coverage, including on July 5, 2005, when the BAG cleared an area near the former " Checkpoint Charlie " border crossing on the Berlin Wall , which was used as security for a loan . This eviction measure was controversial in the public eye and received a lot of coverage in the press.
The BAG group
Due to its many years of activity, BAG has extensive holdings in various companies that either provide complementary services (e.g. property marketing, property valuation, debt collection services) or serve to liquidate problematic properties or corporate structures (e.g. closed real estate funds) in a resource-saving manner.
Web links
Individual evidence
- ↑ a b Master data of the credit institute at the Deutsche Bundesbank
- ↑ Consolidated financial statements as of December 31, 2017 in the eBundesanzeiger
Coordinates: 51 ° 37 '12.9 " N , 7 ° 51' 16.9" E