The banking system in Germany includes approximately 1,800 credit institutions and consists of private commercial banks (such as Deutsche Bank, Commerzbank and foreign banks), cooperative banks, and public sector banks (6 Landesbank groups, 390 Savings banks or Sparkasse, and DekaBank). Landesbanks, the regional state-owned institutions, include BayernLB, Nord/LB, LBBW, HSH Nordbank, Landesbank Berlin, Helaba, and WestLB. The cooperative segment comprises 875 cooperative banks (Volksbanken, Raiffeisenbanken, Sparda Banks, Church banks, PSD Banks, ApoBank, and specialized cooperative companies) with 30 million customers, 10,500 branches, 180,000 employees, and the central institution DZ Bank Group. Below is a list of the largest and best banks in Germany.

Deutsche Bank

Deutsche Bank is the largest bank in Germany providing financial services to retail customers, companies, governments and institutional investors through three divisions: Corporate & Investment Bank, Private & Commercial Bank, and Asset Management. It serves clients through 2,064 branches (including 1,409 locations in Germany) and employs 91,737 people (thereof 41,669 in Germany). As at December 31, 2018, Deutsche Bank generated net income €341 million, total net revenues of €25.3 billion, total assets of €1.348 trillion, deposits of €564.4 billion, and total equity of €68.7 billion. The company's market capitalization was US$15.5 billion as of September 30, 2019.

DZ Bank AG

Headquartered in Frankfurt am Main, DZ Bank is the second largest bank in Germany with total assets of €519 billion, profit before tax of €1.4 billion and 31,700 staff. It acts as a central bank for approximately 900 co-operative banks. The company's subsidiaries are DZ HYP (one of the leading real estate banks), R+V Versicherung (one of the Germany's leading insurance companies), VR Smart Finanz, DZ Privatbank, Schwäbisch Hall (the largest building society in the country), TeamBank, and Union Investment Group (asset manager).

KfW Group

KfW Group is a government-owned development financial institution established in 1948. It is the most important promotional bank in Germany and one of the biggest in the world. The company employs 6,400 people and is headquartered in Frankfurt with main offices in Berlin, Bonn and Cologne. It also has about 80 local and representative offices abroad. KfW provided €76 billion of promotional funds in 2018.

Commerzbank

Commerzbank AG is the fourth largest bank in Germany based on total assets. With 49,400 employees, it serves about 19 million private, small business and corporate customers through about 1,000 domestic locations as well as through international branches and offices in New York City, Madrid, London, Zurich, Paris, Amsterdam, Singapore, Bratislava, Beijing, Brno, Brussels, Vienna, Dubai, Milan, Hong Kong, Barcelona, Luxembourg, Prague, Shanghai and Tokyo, among others. In 2018, Commerzbank recorded total revenues of €8.6 billion and net income of €865 million. As of May 2, 2019, it had a market capitalization of €10.2 billion. Martin Zielke is Chief Executive Officer (CEO) of Commerzbank.

UniCredit Bank AG

UniCredit Bank AG (or HypoVereinsbank, HVB), headquartered in Munich, is the fifth largest credit institution in Germany with 12,250 employees and 348 local branches. It provides a full array of products and services to personal and corporate customers, public-sector and institutional clients as well as international companies. HVB operates as a subsidiary of UniCredit Group, an Italian financial giant.

LBBW

Landesbank Baden-Wurttemberg (LBBW) is the biggest Landesbank in Germany with more than 10,000 staff and 160 branches across the country. It is a commercial bank serving companies, savings banks, private individuals and institutional clients. LBBW acts as a central bank for the savings banks in Baden-Württemberg, Rhineland-Palatinate und Saxony. It was founded in 1999 and is headquartered in Stuttgart.

BayernLB

Bayerische Landesbank (BayernLB) is a Bavarian bank operating in the following business segments: corporates and mittelstand, real estate, savings, and financial markets. It is the seventh largest bank in Germany with total assets of EUR 222 billion and customer loans of EUR 138 billion as of March 31, 2018. DKB (Das kann Bank), Germany's second-largest online bank, is the retail arm of the BayernLB Group.

Helaba

Landesbank Hessen Thueringen (Helaba) is one of leading banks in Germany with over 6,000 employees. It provides a comprehensive range of financial products and services to savings banks, real estate and corporate customers, institutional clients, public authorities, private customers and credit institutions. As of March 31, 2018, it reported €99 billion in total loans and €166 billion in total assets.

Nord/LB

Norddeutsche Landesbank (Nord/LB), based in Hanover, is the ninth largest bank in Germany. It acts as a central bank for savings banks in Lower Saxony, Saxony-Anhalt and Mecklenburg-Western Pomerania. Nord/LB has more than 100 branches in Braunschweig country as well international offices in London, New York, Shanghai and Singapore. As of March 31, 2018, the company reported €159.655 billion in total assets.

NRW.BANK

NRW.BANK is the 10th largest bank in Germany with consolidated assets of €148 billion and about 1,300 employees. NRW is a development bank wholly owned by German federal state North Rhine-Westphalia. The activities are focused on providing social housing promotion, venture capital, Infrastructure initiatives and loans to small and midsize enterprises. The Bank was awarded a long-term credit rating an AAA from Fitch, Aa1 from Moody's and AA- from Standard & Poor's.

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Top 10 Banks in Germany by total assets

Here is a list of the top banks in Germany ranked by total assets.

Rank Bank EUR bn (December 31, 2018)
1 Deutsche Bank AG 1,348.14
2 DZ Bank Group 518.700
3 Commerzbank AG 462.369
4 KfW Group 489.634
5 UniCredit Bank AG 286.688
6 Landesbank Baden-Wurttemberg 241.214
7 BayernLB 220.227
8 Landesbank Hessen-Thüringen 162.968
9 Norddeutsche Landesbank 154.847
10 NRW.BANK 149.083
11 Deka Group 100.444