Degussa Bank

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  Degussa Bank AG
logo
Seat Frankfurt am Main
legal form AG
Bank code 500 107 00
BIC DEGU DEFF XXX
founding 1873
Website www.degussa-bank.de
Business data 2018
Total assets 6106 million euros
insoles 5307 million euros
Customer credit 3,707 million euros
Employee 687
Offices 191
management
Board Jürgen Eckert (Chairman)
Michael Horf
Michael Krupp
Matthias Weiß
Supervisory board Christian Olearius (Chairman)

The Degussa AG , based in Frankfurt am Main is a German universal bank . The balance sheet total is 5.45 billion euros (2017). Degussa Bank has 191 branches in Germany, mainly in industrial , business and technology parks as well as at company locations .

Business areas

The bank is active in two business areas: private customer business and corporate customer business. In the private customer business, the bank concentrates on the employees of the partner companies at company locations, in the corporate customer business on financial services for the management of partner companies. This includes services in the corporate credit card business and in the employee participation business.

As a partner to the companies in whose vicinity the Degussa Bank has branches, the bank develops its own services for them, for example in the area of travel management .

The bank is admitted to trading on the Frankfurt am Main , Berlin , Munich and Stuttgart stock exchanges.

history

Today's Degussa AG has a long history on January 28, 1873 the establishment of Degussa as ( De funnel G old- u nd S ilber- S cheide- A nstalt) from 30 years ago from Frankfurt coin officials Friedrich Ernst Roessler founded the Frankfurt Scheideanstalt.

With the establishment of what would later become Roessler AG in the year the empire was founded in 1871, the company also acquired the right to do banking with minted and unminted precious metals. In the following years, the production and trading of precious metal products and chemicals were added as additional fields of activity. In 1947 the house was approved as a foreign trade bank. 1979 Degussa Bank was headquartered in Frankfurt am Main from Degussa AG as a limited company spun off . The department in the group thus became a bank.

From 2002 to the end of 2006 the institute was part of the Dutch ING group as a subsidiary of ING-DiBa AG . In 2014 Degussa Bank changed its legal form to an AG.

Degussa Bank AG is the parent company of the Degussa Bank Group and, for its part, does not have a majority control. Erste Neue Christian Olearius Beteiligungsgesellschaft mbH and Degussa Poolgesellschaft mbH & Co. KG, both based in Hamburg, hold more than 25% of shares in Degussa Bank AG .

Christian Olearius and Max Marcus Alfons Warburg (short: Max M. Warburg Jr .; born in March 1948 in New York) own the majority of the Hamburg private bank MM Warburg in addition to Degussa Bank AG . This was sentenced in March 2020 to repay 176 million euros in capital gains tax for cum-ex deals. In April 2020, the city of Hamburg also asked for 160 million euros back. Olearius and Warburg agreed to take responsibility for cum-ex business risks. Both are considering selling their Degussa Bank investments in 2020.

The Degussa Bank Group includes the subsidiaries Industria Wohnen GmbH, Prinas Montan GmbH, Mivo Arbeiterervorteile.de GmbH, Ingedo GmbH and Munich General Insurance Services (MGIS) GmbH.

Others

The bank is a member of the deposit protection fund of the Federal Association of German Banks .

Web links

Individual evidence

  1. ↑ a b Master data of the credit institute at the Deutsche Bundesbank
  2. ↑ [1]
  3. ↑ https://www.degussa-bank.de/rechtliches#impressum
  4. ^ History of the name Degussa. In: Degussa Goldhandel . Retrieved on February 10, 2020 (German).
  5. ↑ Degussa AG - The Evonik History Portal - The History of Evonik Industries. Retrieved February 18, 2020 .
  6. ↑ Insider: MM Warburg owners put Degussa Bank up for sale. Retrieved July 25, 2020 .

Coordinates: 50 ° 6 ′ 52.6 ″  N , 8 ° 38 ′ 26.1 ″  E