Sparkasse Hagen
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Sparkasse Hagen
Sparkasse Hagen is the Sparkasse of Hagen, North Rhine-Westphalia, serving the greater Hagen area. Its former main office, the Sparkasse Hagen tower, was a regional landmark until its demolition in 2004. See also *List of banks in Germany Central banks *Deutsche Bundesbank, Frankfurt *European Central Bank, Frankfurt Local banks *BayernLB, Munich *Bremer Bank (German bank), Bremer Bank, Bremen *Commerzbank, Frankfurt *Consorsbank, Nuremberg *DAB BNP Paribas, Munich *DekaBank ( ... External links Official website Banks of Germany Companies based in North Rhine-Westphalia {{Germany-bank-stub ...
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Bank
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the a ...
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Hagen
Hagen () is the Largest cities in Germany, 41st-largest List of cities and towns in Germany, city in Germany. The municipality is located in the States of Germany, state of North Rhine-Westphalia. It is located on the south eastern edge of the Ruhr area, 15 km south of Dortmund, where the rivers Lenne and Volme (met by the river Ennepe) meet the river Ruhr (river), Ruhr. As of 31 December 2010, the population was 188,529. The city is home to the FernUniversität Hagen, which is the only state-funded distance education university in Germany. Counting more than 67,000 students (March 2010), it is the largest university in Germany. History Hagen was first mentioned around the year 1200, and is presumed to have been the name of a farm at the confluence of the Volme and the Ennepe rivers. After the conquest of in 1324, Hagen passed to the County of Mark. In 1614 it was awarded to the Margraviate of Brandenburg, according to the Treaty of Xanten. In 1701 it became part of the K ...
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Germany
Germany,, officially the Federal Republic of Germany, is a country in Central Europe. It is the second most populous country in Europe after Russia, and the most populous member state of the European Union. Germany is situated between the Baltic and North seas to the north, and the Alps to the south; it covers an area of , with a population of almost 84 million within its 16 constituent states. Germany borders Denmark to the north, Poland and the Czech Republic to the east, Austria and Switzerland to the south, and France, Luxembourg, Belgium, and the Netherlands to the west. The nation's capital and most populous city is Berlin and its financial centre is Frankfurt; the largest urban area is the Ruhr. Various Germanic tribes have inhabited the northern parts of modern Germany since classical antiquity. A region named Germania was documented before AD 100. In 962, the Kingdom of Germany formed the bulk of the Holy Roman Empire. During the 16th ce ...
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Euro
The euro ( symbol: €; code: EUR) is the official currency of 19 out of the member states of the European Union (EU). This group of states is known as the eurozone or, officially, the euro area, and includes about 340 million citizens . The euro is divided into 100 cents. The currency is also used officially by the institutions of the European Union, by four European microstates that are not EU members, the British Overseas Territory of Akrotiri and Dhekelia, as well as unilaterally by Montenegro and Kosovo. Outside Europe, a number of special territories of EU members also use the euro as their currency. Additionally, over 200 million people worldwide use currencies pegged to the euro. As of 2013, the euro is the second-largest reserve currency as well as the second-most traded currency in the world after the United States dollar. , with more than €1.3 trillion in circulation, the euro has one of the highest combined values of banknotes and coins in c ...
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Sparkasse (Germany)
The ''Sparkassen-Finanzgruppe'' ("Savings Banks Financial Group") is a network of public banks that together form the largest financial services group in Germany and in all of Europe. Its name refers to local government-controlled savings banks that are known in German as , plural . Its activity is overwhelmingly located in Germany. History The first savings banks in Germany were founded in the 18th century in its major trading cities. One of the first institutions with the business model of modern savings banks was the ''Ersparungscasse der Hamburgischen Allgemeinen Versorgungsanstalt'' in Hamburg in 1778. Founders were rich merchants, clerks and academics. They intended to develop solutions for people with low income to save small sums of money and to support business start-ups. In 1801 the first savings bank with a municipal guarantor was founded in Göttingen to fight poverty. In 1838, Prussia adopted the first savings banks legislation (), which subsequently served as a mode ...
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North Rhine-Westphalia
North Rhine-Westphalia (german: Nordrhein-Westfalen, ; li, Noordrien-Wesfale ; nds, Noordrhien-Westfalen; ksh, Noodrhing-Wäßßfaale), commonly shortened to NRW (), is a States of Germany, state (''Land'') in Western Germany. With more than 18 million inhabitants, it is the List of German states by population, most populous state of Germany. Apart from the city-states, it is also the List of German states by population density, most densely populated state in Germany. Covering an area of , it is the List of German states by area, fourth-largest German state by size. North Rhine-Westphalia features 30 of the 81 German municipalities with over 100,000 inhabitants, including Cologne (over 1 million), the state capital Düsseldorf, Dortmund and Essen (all about 600,000 inhabitants) and other cities predominantly located in the Rhine-Ruhr metropolitan area, the largest urban area in Germany and the fourth-largest on the European continent. The location of the Rhine-Ruhr at the h ...
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List Of Banks In Germany
Central banks *Deutsche Bundesbank, Frankfurt *European Central Bank, Frankfurt Local banks *BayernLB, Munich *Bremer Bank (German bank), Bremer Bank, Bremen *Commerzbank, Frankfurt *Consorsbank, Nuremberg *DAB BNP Paribas, Munich *DekaBank (Germany), Frankfurt *Deutsche Bank, Frankfurt *Deutsche Pfandbriefbank, Garching bei München (next to Munich) *DZ Bank, Frankfurt *GLS Bank, Bochum *HSH Nordbank, Hamburg Commercial Bank (formerly HSH Nordbank), Hamburg *KfW, Frankfurt *Landesbank Baden-Württemberg, Stuttgart *Landesbank Berlin, Landesbank Berlin Holding, Berlin *Landesbank Hessen-Thüringen, Frankfurt *Rentenbank, Landwirtschaftliche Rentenbank *National-Bank AG, Essen *Fidor Bank, FIDOR bank AG *N26 (bank), N26, Berlin *Nord/LB, Hanover *NRW.BANK , NRW.Bank, Düsseldorf *Portigon Financial Services, Düsseldorf *solarisBank, Berlin *Wirecard, Wirecard Bank Co-operative banks see: German Cooperative Financial Group Sparkassen see: Sparkassen-Finanzgruppe Investmen ...
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Banks Of Germany
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ...
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