![]() | |
Type | Joint-stock company |
---|---|
Industry | Financial service activities, except insurance and pension funding ![]() |
Predecessor | Duisburger Bankverein Oberhausener Bank ![]() |
Founded | 1921 |
Headquarters | Essen, Germany |
Total assets | 4.644 million Euros (2018) [1] |
Number of employees | 564 (2018) [1] |
Website | www |
National-Bank AG (own spelling: NATIONAL-BANK) is one of the medium-sized regional banks in Germany. With around 600 employees, it provides services for approximately 100,000 retail clients, freelancers, corporate clients and institutional investors with a focus on medium-sized companies.
The National Bank was founded in 1921 under the name Deutsche Volksbank as the bank of the Christian trade union movement for the so-called "little people". [2] In the same year, Adam Stegerwald commissioned Heinrich Brüning, later Chancellor of the Reich, to found the Vereinsbank für deutsche Arbeit AG in Berlin, where the headquarters of the General Association of Christian Trade Unions was also located. Later in the same year, the institute was given the name Deutsche Volksbank AG. In October 1922, the general meeting voted to move its headquarters to Essen. However, the occupation of the Ruhr region and hyperinflation proved to be considerable burdens. In addition, most of the managers were not banking specialists, but functionaries of trade union organisations; moreover, the business model fluctuated between a trade union "savings bank" and a financing instrument for cooperative and social projects. In 1931, the bank was on the brink of collapsing.
In 1933, when the NSDAP seized power, the name was changed to National-Bank and a strategic reorientation as a regional bank for small and medium-sized enterprises took place. [2] Essen's Gauleiter, Josef Terboven, installed his confidant and publishing director Wolfgang Müller-Clemm as controller in the bank. The union shares were taken over by the Bank der deutschen Arbeit, which exercised a kind of holding function for the German Labour Front. The bank was capitalized and refocused on medium-sized companies with an affinity for National Socialism and their credit requirements. It was therefore given the new name. Hochtief, Krupp, Rheinisch-Westfälische Elektrizitätswerke, Stinnes and Vereinigte Stahlwerke became shareholders, but the largest investor was the Bank für Industrie-Obligationen (from which the industrial credit bank IKB emerged). The bank attempted to participate in the "Aryanization" of Bankhaus Simon Hirschland in Essen, but it was only possible, through a substantial capital increase, to purchase a stake in the new Bankhaus Burkhard & Co. With the takeover of Duisburger Bankverein AG in 1942, the bank expanded by means of additional acquisitions.
After the war, the British allowed the bank to remain in their occupation zone, but the board of directors was completely changed. Oberhausener Bank AG was taken over in 1957, of which IKB held the largest share of around 26.4%. It was sold to the Signal Iduna Group in 2000. From the late 1990s, Essener Bank extended its activities to Dortmund, Düsseldorf and Wuppertal. Like many other banks, however, it invested in securitised loan receivables on the US mortgage market. These securities were considered "toxic" after the collapse of IKB. The company was restructured and strategically reoriented towards so-called wealth management for wealthy private clients. In 2013, the regional bank cut about 70 jobs as a result of the financial crisis. [3]
In Münster, the National Bank opened another branch in 2014, with a total of 14 employees in 2016. [2] [4]
In February 2016, National-Bank withdrew from the cities of Recklinghausen, [5] Hattingen [6] and Gladbeck [7] and reduced its branch network in Essen by two locations.
HSBC Trinkaus & Burkhardt AG, operating as HSBC Deutschland, is a German financial services company. It traces its history back to 1785 and is one of the longest-established members of the HSBC Group. HSBC in Germany has operations in private, commercial and investment banking and asset management. HSBC has announced it would transfer ownership of HSBC Trinkhaus from UK-based HSBC Bank plc to Paris-based HSBC Continental Europe then to convert it into a branch of HSBC Continental Europe by end-2023.
The B. Metzler seel. Sohn & Co. AG is a private banking company in Frankfurt, Germany. Metzler traces its origins to a trading company established 1674 by Benjamin Metzler in Frankfurt and is Germany’s second oldest bank and the world's 5th oldest.
IKB Deutsche Industriebank AG is a bank headquartered in Düsseldorf, Germany. It was established in 1924 under the name Bank für Industrie-Obligationen. IKB supports medium-sized enterprises in Germany and Europe with loans, risk management, capital market services and advisory services. The online offering for retail banking customers covers overnight and term money, bank savings schemes, bank deposits and selected commercial papers. The bank has six branches in Germany. Single shareholder is the investment company Lone Star.
Essen Hauptbahnhof is a railway station in the city of Essen in western Germany. It is situated south of the old town centre, next to the A 40 motorway. It was opened in 1862 by the Bergisch-Märkische Eisenbahn. However, the station was not the first in Essen: as the station called Essen on the Köln-Mindener Eisenbahn was opened in 1847.
CashPool is a cooperation of a multitude of smaller or virtual German private banks, in which they mutually waive ATM usage fees for their customers. It is not an interbank network but uses the pre-existing German ATM or Maestro/Cirrus networks. With more than 3200 ATMs, the cooperating banks' ATM networks form the smallest ATM group in Germany.
The South German Railway Company or SEG was founded on 11 February 1895, in Darmstadt by the railway entrepreneur, Herrmann Bachstein, and several bank managers.
Union Investment is the investment arm of the DZ Bank Group and part of the cooperative financial services network. It was founded in 1956 and is headquartered in Frankfurt.
The German Cooperative Financial Group is a major cooperative banking network in Germany that includes local banks named Volksbanken and Raiffeisenbanken, the latter in tribute to 19th-century cooperative movement pioneer Friedrich Wilhelm Raiffeisen. The Cooperative Group represents one of the three "pillars" of Germany's banking sector, the other two being, respectively, the Sparkassen-Finanzgruppe of public banks, and the commercial banking sector represented by the Association of German Banks.
Vontobel Holding AG is a Swiss private banking and investment management group headquartered in Zurich. Established in 1924, as of August 2021, Vontobel has over 2,000 employees across 26 worldwide locations. Vontobel group's core businesses are Wealth Management, Asset Management and Digital Investing, catering to wealthy private clients as well as institutional investors. Among the top tier Swiss banks, Vontobel holds around $300 billion of client assets.
Gustav König was a German conductor and music director in Essen.
Carl Klönne was a German Banker. He was a director of a number of banks and was finally a director of Deutsche Bank between 1900 and 1914 where he brought a new approach to bank lending.
Thomas Kufen is a German politician of the Christian Democratic Union (CDU).
The Bankhaus Bauer AG is a German private bank headquartered in Stuttgart. The bank is a member of the Association of German Banks and its deposit protection fund as well as a member of ATM network CashPool.
Hellmuth Greinert was a German lawyer, chairman of the supervisory board and politician (SPD).
Nelson Müller is a German cook, restaurateur and singer.
Menno Aden is a German lawyer, former politician and translator. He is the founder of the Neue Rechte and has written speeches and pamphlets with historical revisionism content.
Peter Klöckner was a German businessman and industrialist.
Trade Republic Bank GmbH is a German online broker in Berlin. Shares, derivatives and cryptocurrencies can be traded on a mobile app.