German credit bank

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  Deutsche Kreditbank Aktiengesellschaft
logo
Country GermanyGermany Germany
Seat Berlin
legal form Corporation
Bank code 120 300 00
BIC BYLA DEM1 001
founding March 19, 1990
Website www.dkb.de
Business data 2018
Total assets 83.754 billion euros
insoles 60.767 billion euros
Customer credit 69.526 billion euros
Employee 4,150
management
Board Stefan Unterlandstättner (chairman); Tilo Hacke, Thomas Jebsen, Alexander von Dobschütz, Jan Walther
Supervisory board Stephan Winkelmeier (Chairman)

The German Credit Bank Aktiengesellschaft (DKB), based in Berlin is a bank and wholly owned subsidiary of Bayerische Landesbank . The business of the DKB is based on two pillars: the private customer business operated as a direct bank and the activity as a commercial bank with financing and investment solutions for municipalities and companies in selected sectors.

In 2019, the bank ranked second among the largest direct banks in Germany in terms of customer numbers . At the end of 2016, Deutsche Kreditbank was ranked 16th in the list of the largest banks in Germany .

history

Marketing logo of the DKB

The Deutsche Kreditbank was founded as a stock corporation on March 19, 1990 as the first private bank in the GDR after the political change . Co-founder was Edgar Most , the last Vice President of the State Bank of the GDR .

The share capital was held by the State Bank of the GDR, the Association of German Consumer Cooperatives , the Interhotels , the state-owned department stores Centrum and the VEB Synthesewerk Schwarzheide . On April 1, 1990, the bank commenced operations with an opening balance sheet total of 286.5 billion German marks. The Deutsche Kreditbank covered the broad spectrum from business to private customers right from the start. In the closing balance on June 30, 1990, the bank's own funds amounted to 11 billion marks in the GDR.

On June 21, 1990 the debts of the State Bank of the GDR were transferred to the Deutsche Kreditbank and the shares that the Staatsbank itself had in the Deutsche Kreditbank to the Treuhandanstalt . With around 60 billion marks, the bank was the most important creditor of the trust companies and was commissioned by the trust establishment to process these old loans. In the following years, the Treuhandanstalt gradually acquired the remaining shares of the founding shareholders until it became the sole owner of the Deutsche Kreditbank at the beginning of 1993.

Most of the deposit business (especially corporate and private customer business) as well as numerous branch buildings and locations were taken over proportionally by Dresdner Bank and Deutsche Bank with the monetary union . Until mid-1991, these areas operated under the names of Dresdner Bank Kreditbank AG and Deutsche Bank Kreditbank AG .

According to a report by the Federal Audit Office , buyers were given access to branches, the customer base and the real estate of the GDR banks at preferential prices. For example, For example, Deutsche Bank shares in Deutsche Kreditbank and its 112 branches for 310 million marks. A subsidiary of Dresdner Bank paid DM 87.3 million for 41 pieces of land with buildings previously owned by Deutsche Kreditbank. A subsidiary of Deutsche Bank purchased 74 pieces of land for DM 164.4 million. The auditors of the Federal Audit Office described this as an “unreasonably low purchase price ".

With the dissolution of the Treuhandanstalt at the end of December 31, 1994, the Deutsche Kreditbank was initially for a short time transferred directly to the assets of the Federal Ministry of Finance and was sold shortly afterwards on January 31, 1995 to the Bayerische Landesbank .

Corporate structure

DKB office building in Berlin

The bank has 26 locations across Germany. The real estate subsidiary DKB Grund GmbH is represented at 15 locations.

On January 1, 2008, the German Credit Bank took over the date of the Bayerische Landesbank in cooperation with Lufthansa issued Miles & More -Credit card.

The DKB Immobilien AG was 2,012 at the end of March, the TAG Immobilien sells AG.

Since July 14, 2015, SKG Bank is no longer an independent stock corporation, but a branch and pure brand of DKB.

The wholly-owned subsidiary DKB Code Factory , founded in 2018, is its own start-up and development center based in Berlin.

Supervisory board

The Supervisory Board currently consists of 16 shareholder and employee representatives.

Issuer

Old logo of the DKB

The DKB regularly issues its own securities on the capital market . The volume of bonds on the market in 2017 was around EUR 10 billion. The rating agency Moody’s rates DKB Pfandbriefe with Aaa and uncovered bonds with A2 . In 2016, DKB issued its first so-called green bond with a volume of EUR 500 million. This was given a positive rating by the sustainability rating agency oekom research (second party opinion). Furthermore, the DKB Green Bond received the certification label of the Climate Bond Initiative (CBI). In 2017, the DKB published its second Green Bond program. The underlying green bond pool comprises almost 200 loans to finance wind and solar projects in Germany (onshore). The starting volume of the pool is almost 900 million euros, but can be increased during the term of the program. In 2018, the DKB issued its first social bond. In 2019, a jury of 30 international, independent ESG investors from Environmental Finance awarded it the award "Social Bond of the Year - Bank". The DKB is the first commercial bank to issue both green and social bonds.

Services

The best-known product is the DKB Cash checking account . In addition, the DKB offers private real estate financing , brokerage , installment loans and savings products. The bank offers its business customers industry-specific payment accounts, investment products as well as investment and company-oriented financing. In addition, the DKB counts industry-specific competition analysis tools, platforms e.g. B. for the management of real estate as well as IT solutions for their services.

The Bank operates within its own ATMs, but allows for a royalty-free use for the customer to third-party machines with belonging to the current account VISA - Credit card . The bank also offers cash withdrawals in shops and a chargeable cash service by courier.

DKB focuses on the digital banking business and has been working with relevant service providers and FinTechs since 2013 . These include the Berlin-based FinTechs FinReach for the account switching service, barzahlen for withdrawing cash in partner shops , WebID Solutions for the video identification process and InsurTech Clark for digital insurance management. The technology on which the DKB banking app is based, with which customers can photograph and settle bills, comes from Gini .

The DKB has been cooperating with the payment service provider PayPal since June 2014 and enables customers to view all PayPal transactions in online banking.

Since June 2016, additional fees charged by some ATM operators in countries outside the scope of the EU price regulation ( euro area as well as Sweden and Romania) are no longer reimbursed by the DKB.

The bank's revised business model has been in effect since December 1, 2016. After one year it differentiates between active customers and passive customers. The full service is only provided for active customers. Active customers must have a monthly payment of € 700 or more. According to the DKB, the restrictions on the service for passive customers relate to interest and free cash withdrawals at issuing offices outside the euro currency area .

In spring 2019, DKB introduced mobile payment : DKB customers have been able to pay with Google Pay since May 2019 and with Apple Pay since June 2019 .

For the business current account DKB Business , the DKB will introduce a new monthly basic price of € 15.00 for the professional group of freelancers on October 1st, 2020 . So far, these accounts have been kept completely free of charge.

Key figures

DKB branch in Schwerin

DKB has been preparing consolidated financial statements since 2005. Group accounting has been in accordance with IFRS (International Financial Reporting Standards) since 2006 .

Annual report Balance sheet total
in € million 		Earnings (before taxes)
in € million 		Private customers Employee
2008 48.119 −26 1,520,000 1,267
2009 50,832 106 1,828,000 1,738
2010 55.183 156 2,051,000 1,558
2011 60,756 155 2,312,000 1,780
2012 66,761 241 2,589,729 1,713
2013 68,722 157 2,849,933 1,748
2014 71,587 151 3,071,434 2,832
2015 73,428 236 3,250,968 2,937
2016 76,522 331 3,518,055 3,016
2017 77,323 265 3,761,498 3,379
2018 77,388 301 4,073,875 3,731
2019 83,754 298 4,367,494 4,150

sustainability

The DKB uses over 80% of its balance sheet total in the form of loans exclusively in Germany. It is a pure customer bank and does not operate investment or offshore banking or asset management , which does not include the investment funds it offers .

When granting loans, the bank pays attention to environmental and social standards and also excludes the financing of nuclear power plants and military equipment.

Personalities

Persons who previously held a mandate in the group are:

  • Gerhard Gribkowsky , member of the Supervisory Board from April 3, 2007 to April 10, 2008
  • Michael Kemmer , Chairman of the Supervisory Board from March 1, 2008 to December 14, 2009, previously member from April 3, 2007
  • Siegfried Naser , member of the Supervisory Board from March 9, 2007 to June 30, 2009
  • Franz Josef Pschierer , member of the Supervisory Board from February 24, 2009 to March 24, 2009
  • Johannes-Jörg Riegler , Chairman of the Supervisory Board from December 15, 2009 to January 24, 2019
  • Werner Schmidt , Chairman of the Supervisory Board from March 8, 2006 to March 1, 2008, previously Deputy Chairman
  • Günther Troppmann , Chairman of the Management Board from March 1, 1996 to December 31, 2012, before that (since March 1, 1995) a full member of the Management Board

Sports sponsorship

Sponsorship at the biathlon: Tatsumi Kasahara

The bank has been supporting German top athletes, sports clubs and associations since 2002. Athletes from winter sports and athletics make up the DKB team. In Berlin, DKB is a sponsoring partner of the sports teams from Hertha BSC , Alba Berlin , the Eisbären , Füchse Berlin and the Berlin Recycling Volleys .

From 2007 to 2018 the Deutsche Kreditbank gave its name to the Oberhof biathlon stadium ( DKB ski arena ). Until 2009, the DKB was the name and main sponsor of ISTAF Berlin (athletics) and is the title sponsor of the Riders Tour as the DKB-Riders Tour (show jumping). Since the 2012/2013 season, the DKB has also been the name sponsor of the men's handball Bundesliga and the women's soccer team of the 1. FFC Turbine Potsdam .

In 2017, the DKB bought the exclusive live broadcasting rights for Germany for the men's handball world championship in 2017 after various negotiations between TV broadcasters and internet providers with the rights holder beIN Media Group had failed. The World Cup games of the German national team and other games were broadcast in real time on the Internet . Thus, for the first time in Germany, a major sporting event was broadcast solely by one sponsor. The 46 World Cup games had an average of 360,000 live views. The quarter-finals between Germany and Qatar were the seventh largest live stream ever to take place on YouTube with 1.049 million simultaneous views in 2017.

DKB Foundation

In order to bundle its social activities, the DKB founded the DKB Foundation for Social Commitment in October 2004. It focuses on four areas: education for sustainable development, cultural education and promotion of young talent, inclusion and prevention, and cultural heritage. The foundation operates listed facilities such as Liebenberg Castle . The Hotel Schloss & Gut Liebenberg and the youth village on Ruppiner See in Gnewikow have been run as independent integration companies since 2009.

Web links

Commons : Deutsche Kreditbank  - Collection of images, videos and audio files

Individual evidence

  1. ↑ a b Master data of the credit institute at the Deutsche Bundesbank
  2. ↑ Annual Report 2018 (PDF; 3.2 MB) In: dok-cms.dkb.de. Deutsche Kreditbank AG, March 29, 2019, accessed on April 1, 2019 .
  3. ↑ Commerzbank subsidiary Comdirect wins customers, but has a problem. Handelsblatt , accessed on August 31, 2019 .
  4. ↑ Largest direct banks in Germany in 2016 by number of customers (in 1,000). Statistika, 2016, accessed on November 15, 2018 .
  5. ^ Günther Troppmann : The German credit bank - the development of a bank that comes from the east. S. 135, ISBN 978-3-8349-8569-9 [1]  ( page no longer available , search in web archives )  Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice.@1@ 2Template: Dead Link / link.springer.com  
  6. ↑ German Bundestag Printed Matter 12/4222 own funds of banks in the DDR 1 July 1990
  7. ↑ German Bundestag Printed Matter 13/5064 of 26 June 1996
  8. ^ The Debt Carousel November 20, 1992, Die ZEIT
  9. ↑ The DKB will be 25 press release of the DKB from March 19, 2015
  10. ↑ a b Helga-Helena Liebecke: The phantom of the GDR “old debts”. In: rotfuchs.net. July 2014, accessed February 23, 2018 .
  11. ^ Real estate hunter DKB Grundbesitzvermittlung GmbH. In: Website of the Deutsche Kreditbank AG. Archived from the original on February 14, 2008 ; accessed on March 28, 2011 : "" Berlin Chemnitz Cottbus Dresden Erfurt Frankfurt (Oder) Gera Halle Leipzig Magdeburg Neubrandenburg Potsdam Rostock Schwerin Suhl ""
  12. ↑ The new generation of the Lufthansa Miles & More Credit Card. In: Website of Deutsche Lufthansa AG. November 22, 2007, archived from the original on March 27, 2008 ; Retrieved March 28, 2011 .
  13. ↑ TAG Immobilien AG is awarded the contract to acquire DKB Immobilien AG: TAG Immobilien AG. In: www.tag-ag.com. March 23, 2012, archived from the original on August 18, 2016 ; Retrieved August 25, 2016 .
  14. ↑ Deutsche Kreditbank AG (DKB) brings renowned digital experts on board: Arnulf Keese becomes Chief Digital Officer. In: Website of the Deutsche Kreditbank AG. Retrieved June 26, 2019 .
  15. ↑ Investor Relations. In: DKB website. Deutsche Kreditbank, accessed April 20, 2018 .
  16. ↑ Green Bond Program. In: DKB website. Deutsche Kreditbank, accessed on June 23, 2016 .
  17. ^ Social bond of the year - bank: Deutsche Kreditbank. In: Environmental Finance. Retrieved June 26, 2019 .
  18. ↑ Deposit DKB cash (free of charge) | List of machines. In: www.deutscheskonto.org. Retrieved August 26, 2016 .
  19. ↑ Cards and Cash | DKB AG. Retrieved March 20, 2019 .
  20. ↑ Cash delivery (by courier). In: dkb.de. Retrieved June 6, 2019 .
  21. ↑ Julia Böhne: Insurtech Clark wins new banking partner. In: cash-online.de. December 13, 2017, accessed February 23, 2018 .
  22. ↑ FinTech startup Gini & Sparkassen cooperate. In: gini.net. November 30, 2016, accessed February 23, 2018 .
  23. ↑ DKB cooperates with PayPal. In: kreditwesen.de. July 1, 2014, accessed June 6, 2019 .
  24. ↑ List of prices and services DKB Visa from June 2016. Accessed on May 21, 2016 .
  25. ↑ All services in a current account comparison. In: dkb.de. Retrieved June 6, 2019 .
  26. ↑ Apple Pay is now also available for customers of Deutsche Kreditbank AG (DKB). Press release. In: DKB.de. Deutsche Kreditbank AG, June 18, 2019, accessed on June 26, 2019 .
  27. ↑ DKB: DKB list of prices and services from October 1st, 2020. In: Deutsche Kreditbank. July 31, 2020, accessed July 31, 2020 .
  28. ↑ DKB: DKB list of prices and services until August 30, 2020. In: Deutsche Kreditbank. July 31, 2020, accessed July 31, 2020 .
  29. ↑ Annual reports according to HGB and IFRS. In: Website of the Deutsche Kreditbank AG. Retrieved April 1, 2011 .
  30. ↑ Annual Report 2008 (PDF) Deutsche Kreditbank, accessed on July 27, 2020 .
  31. ↑ Annual Report 2009 (PDF) Deutsche Kreditbank, accessed on July 27, 2020 .
  32. ↑ Annual Report 2010 (PDF) Deutsche Kreditbank, accessed on July 27, 2020 .
  33. ↑ Annual Report 2011 (PDF) Deutsche Kreditbank, accessed on July 27, 2020 .
  34. ↑ Annual Report 2012 (PDF) Deutsche Kreditbank, accessed on July 27, 2020 .
  35. ↑ Annual Report 2013 (PDF) Deutsche Kreditbank, accessed on July 27, 2020 .
  36. ↑ 2014 Annual Report (PDF) Deutsche Kreditbank, accessed on July 27, 2020 .
  37. ↑ Annual Report 2015 (PDF) Deutsche Kreditbank, accessed on July 27, 2020 .
  38. ↑ Annual Report 2016 (PDF) Deutsche Kreditbank, accessed on July 27, 2020 .
  39. ↑ Annual Report 2017 (PDF) Deutsche Kreditbank, accessed on July 27, 2020 .
  40. ↑ Annual Report 2018 (PDF) Deutsche Kreditbank, accessed on July 27, 2020 .
  41. ↑ Annual Report 2019 (PDF) Deutsche Kreditbank, accessed on July 27, 2020 .
  42. ↑ Ulli Gericke: DKB pays attention to the environment and social issues . In: Börsen-Zeitung . September 2, 2017, p. 3 .
  43. ↑ Frequently asked questions. In: geldverbesserer.dkb.de. Retrieved October 30, 2019 .
  44. ^ Search in the electronic Bundesanzeiger Deutsche Kreditbank consolidated financial statements
  45. ^ Deutsche Kreditbank AG: Sport | DKB AG. Retrieved July 11, 2017 .
  46. ↑ Skiarena Oberhof in future without DKB in the name. (No longer available online.) In: mdr.de. December 22, 2017, archived from the original on January 14, 2018 ; accessed on February 23, 2018 . Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. @1@ 2Template: Webachiv / IABot / www.mdr.de
  47. ↑ Handball World Cup: DKB shows German games live on the Internet. In: focus.de. January 5, 2017, accessed February 23, 2018 .
  48. ↑ Handball World Cup: DKB masters the dual role of sponsor and medium with free YouTube live stream. In: thinkwithgoogle.com. January 2018, accessed February 23, 2018 .
  49. ↑ Yearbook of the DKB Foundation 2017. (No longer available online.) Board of the DKB STIFTUNG for social commitment, archived from the original on February 24, 2018 ; accessed on February 23, 2018 . Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. @1@ 2Template: Webachiv / IABot / www.dkb-stiftung.de

Coordinates: 52 ° 30 ′ 45.9 ″  N , 13 ° 23 ′ 17.1 ″  E