If banks did not exist, where would we deposit money? Where would we invest money? Where would we borrow millions and billions of euro from? The largest five banks in Germany: Deutsche Bank, Commerzbank, KFW Bankgruppe, DZ Bank and HypoVereinsbank (UniCredit Bank AG) have combined assets totalling more than US$4.4tn (€4tn). They provide an essential service to the 2.45 million small and medium enterprises who employ over 18 million people in Germany. These businesses rely on the existence of corporate and investment banks to succeed.
The regulation of corporate banking in Germany is overseen by the Association of German Banks. The organisation represents more than 200 private commercial banks and 11 member associations, and is led by Dr. Hans-Walter Peters, President of Bankenverband and Spokesman of the Managing Partners private bank Berenberg.
A total of around 700 investment fund companies are active in the German market, ranging from niche independent fund boutique banking to subsidiaries of insurance companies. The BVI is the German investment funds association with 112 members, managing assets with a volume of over €3tn, covering over 95% of the German market.
Corporate and investment banking are seen as two of the pre-eminent areas in finance and an attractive area of employment for banking professionals in Germany, both now and in the future. Corporate banking is experiencing a period of growth, according to the 2019 Banking Industry Outlook released by Deloitte “global corporate lending is on an upward trajectory.” In the EU, a total of €12.1tn is invested in investment funds by private and institutional investors. With assets of €2.7bn, Germany is the largest European market (according to the ECB) - with an annual growth rate of 9.2 percent.
Our Berlin based consultants are specialists in their markets, recruiting top talent for organisations specialising in corporate & investment banking, throughout Germany and the rest of Europe.