The system of banking in Germany is a ‘three-pillar’ banking system made up of private commercial banks (this is the largest sector, and it makes up for about 40% of banking properties), the public savings banks, and co-operative banks. These banks exist alongside international banks and a growing number of new online banks.

There is only an insignificant number of the largest banks in Germany, with most of the banks in Germany being smaller county-based banks.

Biggest Banks in Germany

Below are the TOP-10 biggest banks in Germany.

1. Deutsche Bank

Considering the total assets it has acquired, the Deutsche Bank is the biggest bank in Germany. Its headquarter is located in Frankfurt. It is also a private-owned bank. As of 2018, the Deutsche Bank had total acquired total assets of Euro. 2.08 trillion.

It was established in 1870. The Deutsche Bank has employed over 120,300 employees. Around 2016, it reported a loss of Euro 1.356 billion. It also has one of the top banking, and fiscal services in the world, with a widespread presence in Europe, the Americas, the Asia-Pacific region, and many developing markets.

2. DZ Bank Group

Considering the value of the bank’s total asset, the bank deserves to be in second place among the biggest banks in Germany. It has its headquarter in Frankfurt, Germany. In 2018, it had a total asset acquisition of Euro 506 billion. And in 2016, it merged with WGZ Bank.

That same year, the DZ Bank group made a before-tax profit of Euro 2.197 billion. The bank has a staff strength of about 32,211 employees.

3. KfW Bankgruppe

This is the third biggest bank in Germany considering its total assets. The total assets acquired by this bank in the year 2016 was Euro 472.3 billion. Its head-quarter is situated in Frankfurt, Germany.

It had an operating income (before promotional activity) of Euro 2210 million as of 2016. It was founded in the year 1948 and has since grown to become one of the biggest banks in Germany. It has around 7518 employees.

4. Commerzbank

This is the fourth biggest bank in Germany considering its total assets. The total assets acquired by this bank as of 2018 were Euro 452.5 billion.

It was established in 1870. As of the last report in 2016, Its total revenue and operating income were Euro 13.71 billion and Euro 1.64 billion. Its headquarter is located in Frankfurt, Germany. It has employed over 51,200 employees since 2016.

5. HypoVereinsbank (UniCredit Bank AG)

Considering the total assets acquired, this bank is the fifth-biggest bank in Germany. The total assets acquired by this bank in 2018 was Euro299 billion. It has total equity of over Euro 19 billion.

It was established in 1998. The headquarter of HypoVereinsbank is located in Munich, Germany. It has a total number of 20,100 employees. HypoVereinsbank is one of the holdings of UniCredit AG.

Conclusively, of all the different 371 credit institutions (including banks), the 987 local cooperative banks, and the 421 local savings banks that operate in Germany, the above-listed five are the biggest of them all.

6. Landesbank Baden-Württemberg

Landesbank Baden-Württemberg was established in 1999 through a merger SüdwestLB, Landesoberkasse and L-Bank and is both a universal and commercial bank to Baden-Württemberg,Rheinland-Pfalz and Sachsen federal states of Germany.

The bank offers various services and products including Investment banking, Commercial banking, Retail banking, Private Banking, and Asset Management with a focus on industrial technologies, information technology, software, telecommunication, innovative services, and life science and is currently recognized as the biggest state-backed Landesbank lender in Germany (2018).

It employs over 10,017 personnel and is valued at €241.20 billion in total assets value and a net income of  €420 million via a 2018 report.

7. Bayerische Landesbank (BayernLB)

Based in Munich, Germany is the publicly regulated largest bank in Germany, the Bayerische Landesbank which was founded in 1971 through a merger of the Bayerische Gemeindebank founded in 1914 and the Bayerische Landesbodenkreditanstalt, it’s old subsidiary founded in 1884.

With 7,703 employees it is recognized as the Seventh largest financial institution in Germany, offering a universal range of banking services and products to private and commercial customers in private, industrial, investment and foreign business, including loans, securities trading and asset management, mid-term and long-term bond issuance and securitization. A 2018 annual financial report values the bank at € 220.23 billion in total assets value with a net income of €828 million

8. Norddeutsche Landesbank

On July 1st, 1970 the Norddeutsche Landesbank was founded and has earned recognition as one of the largest commercial banks in Germany.

Headquartered in Hanover, it is majority-owned by federal states of Lower Saxony and Saxony-Anhalt, specializing mostly in investment banking, agricultural banking, real estate banking, corporate finance, ship and aircraft financing, and private banking.

As of 2017, Norddeutsche Landesbank employees were at a total of 6,453 personnel with a net income of €85,116,142.95 and as of 2018 has a total asset value of € 160 billion. The bank also houses an art collection of 3000 artworks including those of Georg Baselitz, Joseph Beuys, Gerhard Richter, Sol LeWitt, Jeff Koons, Jannis Kounellis, and Jörg Immendorff.

9. Landesbank Hessen-Thüringen (Helaba)

The bank employs close to 6,300 personnel and its total asset value is reported to be a total of € 213 billion as of 2019.

10. NRW.Bank

The NRW.Bank is a North Rhine-Westphalia state developed bank founded in 2002 with headquarters in both Düsseldorf and Münster.

One of the TOP banks in Germany, is operated through its Programme-based Promotion, Liquidity Management, and Staff/Services segment ventures. It offers services in financial development products in social housing, venture capital, urban development, agricultural, technological, and infrastructure initiatives, and environmental protection. The bank’s total asset value ranks as the 9th largest bank in Germany reporting a total asset value of €149.08 billion in 2018.