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Südwestbank AG
The Südwestbank AG (stylized as SÜDWESTBANK) is a regional bank in the southwest of Germany which is located in Stuttgart. The bank operates in the form of a stock corporation and looks after about 100,000 private and corporate customers in Baden-Württemberg. History The Südwestbank was originally founded in 1922 as ''Württembergische Landwirtschaftsbank GmbH'' in Stuttgart. In 1954 it was continued as ''Südwestdeutsche Landwirtschaftsbank GmbH''. From the year 1964, it traded as ''Südwestbank GmbH''. By changing the legal form in 1970 it became the Südwestbank AG. Organizationally, the bank was connected to the ''Bundesverband der Deutschen Volksbanken und Raiffeisenbanken'' (BVR). The main owner was the DZ Bank. In 2004, ''Santo Holding GmbH'' of Andreas and Thomas Strüngmann bought DZ Bank's stake of 89.6%. As a result, the Südwestbank left the union of cooperative banks and joined the ''Bundesverband deutscher Banken'' and its deposit insurance fund on 1 January 2 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Südwestbank 2011 Logo
The Südwestbank AG (stylized as SÜDWESTBANK) is a regional bank in the southwest of Germany which is located in Stuttgart. The bank operates in the form of a stock corporation and looks after about 100,000 private and corporate customers in Baden-Württemberg. History The Südwestbank was originally founded in 1922 as ''Württembergische Landwirtschaftsbank GmbH'' in Stuttgart. In 1954 it was continued as ''Südwestdeutsche Landwirtschaftsbank GmbH''. From the year 1964, it traded as ''Südwestbank GmbH''. By changing the legal form in 1970 it became the Südwestbank AG. Organizationally, the bank was connected to the ''Bundesverband der Deutschen Volksbanken und Raiffeisenbanken'' (BVR). The main owner was the DZ Bank. In 2004, ''Santo Holding GmbH'' of Andreas and Thomas Strüngmann bought DZ Bank's stake of 89.6%. As a result, the Südwestbank left the union of cooperative banks and joined the ''Bundesverband deutscher Banken'' and its deposit insurance fund on 1 January 2005 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Austria
Austria, , bar, Östareich officially the Republic of Austria, is a country in the southern part of Central Europe, lying in the Eastern Alps. It is a federation of nine states, one of which is the capital, Vienna, the most populous city and state. A landlocked country, Austria is bordered by Germany to the northwest, the Czech Republic to the north, Slovakia to the northeast, Hungary to the east, Slovenia and Italy to the south, and Switzerland and Liechtenstein to the west. The country occupies an area of and has a population of 9 million. Austria emerged from the remnants of the Eastern and Hungarian March at the end of the first millennium. Originally a margraviate of Bavaria, it developed into a duchy of the Holy Roman Empire in 1156 and was later made an archduchy in 1453. In the 16th century, Vienna began serving as the empire's administrative capital and Austria thus became the heartland of the Habsburg monarchy. After the dissolution of the H ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Companies Based In Stuttgart
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Corporate Finance
Corporate finance is the area of finance that deals with the sources of funding, the capital structure of corporations, the actions that managers take to increase the Value investing, value of the firm to the shareholders, and the tools and analysis used to allocate financial resources. The primary goal of corporate finance is to Shareholder value, maximize or increase valuation (finance), shareholder value. Correspondingly, corporate finance comprises two main sub-disciplines. Capital budgeting is concerned with the setting of criteria about which value-adding projects should receive investment funding, and whether to finance that investment with ownership equity, equity or debt capital. Working capital management is the management of the company's monetary funds that deal with the short-term business operations, operating balance of current assets and Current liability, current liabilities; the focus here is on managing cash, inventory, inventories, and short-term borrowing an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cooperative Banks Of Germany
A cooperative (also known as co-operative, co-op, or coop) is "an autonomous association of persons united voluntarily to meet their common economic, social and cultural needs and aspirations through a jointly owned and democratically-controlled enterprise".Statement on the Cooperative Identity. ''.'' Cooperatives are democratically controlled by their members, with each member having one vote in electing the board of directors. Cooperatives may include: * es owned and man ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Core Banking
Core banking is a banking service provided by a group of networked bank branches where customers may access their bank account and perform basic transactions from any of the member branch offices. Core banking is often associated with retail banking and many banks treat the retail customers as their core banking customers. Businesses are usually managed via the corporate banking division of the institution. Core banking covers basic depositing and lending of money. Core banking functions will include transaction accounts, loans, mortgages and payments. Banks make these services available across multiple channels like automated teller machines, Internet banking, mobile banking and branches. Banking software and network technology allows a bank to centralise its record keeping and allow access from any location. History Core banking became possible with the advent of computer and telecommunication technology that allowed information to be shared between bank branches quickly a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fiducia & GAD IT AG
Atruvia AG is the IT service provider of the German Cooperative Financial Group. The company based in Karlsruhe and Münster with further offices in Munich, Frankfurt and Berlin employs currently more than 4,600 staff (more than 6,700 including subsidiaries), generating an annual turnover of around 1.7 billion Euros. Among Atruvia's customers are almost all of the approximately 900 Volksbanken und Raiffeisenbanken in Germany, further companies from the Genossenschaftliche FinanzGruppe, as well as numerous private banks and companies from other business segments, such as the German automobile club (ADAC). Atruvia provides IT services for 169,000 banking work stations, administers roughly 82 million banking accounts and ensures comfortable cash supply by providing 34,000 ATMs and self-service terminals all across Germany. In its four high-security data processing centres. History After talks concerning a possible merger of Fiducia IT AG Fiducia IT AG was a German IT-service ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Automated Teller Machine
An automated teller machine (ATM) or cash machine (in British English) is an electronic telecommunications device that enables customers of financial institutions to perform financial transactions, such as cash withdrawals, deposits, funds transfers, balance inquiries or account information inquiries, at any time and without the need for direct interaction with bank staff. ATMs are known by a variety of names, including automatic teller machine (ATM) in the United States (sometimes redundantly as "ATM machine"). In Canada, the term ''automated banking machine'' (ABM) is also used, although ATM is also very commonly used in Canada, with many Canadian organizations using ATM over ABM. In British English, the terms ''cashpoint'', ''cash machine'' and ''hole in the wall'' are most widely used. Other terms include ''any time money'', ''cashline'', ''tyme machine'', ''cash dispenser'', ''cash corner'', ''bankomat'', or ''bancomat''. ATMs that are not operated by a financial i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
CashPool
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 cooperation was founded in 2000. Its primary competitor in Germany is Cash Group. Background Most banks in Germany, while connected through the German ATM network, charge ATM usage fees for customers of other banks. In 1998, the six largest German private banks established Cash Group, mutually waiving these fees within the Group. After the formation, other private banks tried to join Cash Group but were not accepted into the Group. Being smaller than the six large private banks, they operated fewer ATMs and thus would have unilaterally benefited from the use of the other bank's larger networks. As a consequence, several of t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Union Investment
Union Investment (; formal name Union Asset Management Holding AG) 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. Trading in open-end funds occurs in part through the 1,101 credit unions in Germany (Volksbanken Raiffeisenbanken Co-operative, including Sparda-Banks, PSD-banks, etc.) and in part through the external services of Bausparkasse Schwäbisch Hall AG, DZ Bank Group's building society. The primary shareholders in Union Investment are DZ Bank with 54.44% and WGZ Bank (the central bank of the credit unions in the Rhineland and Westphalia) with 17.72%. Other shareholders include BBBank and the credit unions through their membership associations. , Union Investment has self-declared assets under management of approximately 368.2 billion euro. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
GEFA Bank
The GEFA Bank GmbH is a company for manufacturer independent sales and investment funding for mobile economic goods. The company, which was founded in 1949 as subsidiary of the Deutsche Bank, employs in its Wuppertal branch at the Robert-Daum-Platz as well as in nationwide seven branches with around 500 members of staff. Since 2001 the GEFA belongs to the internationally significant major bank Société Générale and sells its products under the umbrella brand Société Générale Equipment Finance. The Societe Generale Equipment Finance is represented in 19 European countries as well as Brazil, China and the USA with more than 100 branches. On May 23, 2016 the GEFA Gesellschaft für Absatzfinanzierung mbH and the GEFA-Leasing GmbH merged and became the GEFA Bank GmbH. Products and services In the area of investment funding the GEFA offers mostly middle-class clients the following products: * Investment credits * Finance lease * Operating lease * Rent-to-own * Truck-Trailer-R ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
