|
Sparkasse Mittelholstein
The Sparkasse Mittelholstein AG, based in Rendsburg, is one of five free public savings banks existing in Germany. Organization structure The Sparkasse Mittelholstein is a savings bank in Schleswig-Holstein. Since 1991 it has been a Joint-stock company registered in the German Trade Register of Kiel. The legal basis for the ''Sparkasse'' is essentially the '' Kreditwesengesetz'' (KWG) and the Savings Banks Act for Schleswig-Holstein. The bodies of the ''Sparkasse'' are the Annual General Meeting, the Supervisory Board and the Management Board. The share capital of the Sparkasse Mittelholstein AG is held by the following shareholders: * Haspa Finanzholding – 51,45 % * ''Zweckverband der Sparkasse Hennstedt-Wesselburen'' - 20,28 % * ''Stiftung Spar- und Leih-Kasse in Rendsburg'' – 13,37 % * Private shareholders and employees – 6,77 % * ''Stadt Büdelsdorf'' – 5,14 % * ''Zweckverband Sparkasse Mittelholstein'' – 1,69 % * ''Stadt Rendsburg'' – 1,30 % As of: 30 Jun ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Büdelsdorf
Büdelsdorf ( da, Bydelstorp) is a town in the district of Rendsburg-Eckernförde, in Schleswig-Holstein, Germany. It is situated on the river Eider and the Kiel Canal, approx. north of Rendsburg, and west of Kiel, just off the motorway. History The earliest inhabitants of the area which later became Büdelsdorf, were Stone-Age people who lived there around 3000 BC. Modern Büdelsdorf originates from a small settlement attached to Rendsburg around 1300 AD. In 1777, work on the Eider Canal linking the Baltic Sea to the North Sea began. In 1779, the boundaries of village were defined. In 1827, Hartwig Marcus Holler opened the Carlshütte, the first industrial-age iron- and steelworks in the duchy. Holler also built a shipyard and created jobs for the factory workers' wives. In 1841, he employed more than 250 workers. In 1895, the Kiel Canal was finished and Büdelsdorf and the Carlshütte flourished. In 1909, the Carlshütte employed 1,100 workers. Development slowed with ... [...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] |
Sparkassen-Finanzgruppe
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Norddeutsche Landesbank
The Norddeutsche Landesbank Girozentrale (abbreviated NORD/LB) is a German Landesbank and one of the largest commercial banks in Germany. It is a public corporation majority-owned by the federal states of Lower Saxony and Saxony-Anhalt with its head office in Hanover and branches in Braunschweig and Magdeburg. Regional Sparkassen hold a minority stake of 35 percent. History Beginnings NORD/LB was established in 1765 as ''Braunschweigische Staatsbank''. Under the current name, the bank started its business on 1 July 1970. The main areas of specialization of NORD/LB are investment banking, agricultural and real estate banking, corporate finance, ship and aircraft financing and private banking. NORD/LB maintains branch offices in all major financial and trading centers, including London (since 1985), Singapore (since 2004) and New York City (since 1991). Today, NORD/LB is Germany's largest bank for national and international bond issues. In 1992, a new state treaty between the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hamburger Sparkasse
Hamburger Sparkasse AG (Haspa) is one of 5 free public savings banks in Germany based in Hamburg. With a balance sheet total of around 41.9 billion euros and about 5,000 employees, it is the largest savings bank in Germany. It was founded in 1827 in the legal form of the old Hamburg law. In 2003 the bank was separated to a stock corporation and the original Hamburger Sparkasse changed its name to ''Haspa Finanzholding''. Corporate structure Hamburger Sparkasse is a non-listed stock corporation. The legal basis of the Sparkasse is the Haspa statutes. Services Haspa provides the universal banking business as a savings bank. According to its data, it is the market leader in the Hamburg Metropolitan Region for the private and medium-sized corporate clients. In contrast to most other savings banks, it is not subject to a savings bank law, but as a stock corporation it is subject to the German stock corporation law. Organs of the Sparkasse are the board of directors, the superviso ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Deutsche Leasing
Deutsche Leasing AG (DL) is the largest manufacturer-independent leasing company in Germany. Since 1987, the company has had its headquarters in Bad Homburg vor der Höhe and is the centre of excellence for leasing for the Sparkassen-Finanzgruppe. Shares are held by approximately 400 Sparkassen (savings banks), either directly or indirectly through holding companies. Deutsche Leasing is the sole shareholder of Deutsche Anlagen-Leasing in Wiesbaden. History "Deutsche Leasing GmbH", Germany's first leasing company, was entered in the Commercial Register in Düsseldorf in 1962. The two other predecessor companies of Deutsche Leasing "Maschinen-Miete GmbH" and "Mietdienst GmbH" were founded some time later. In 1971, these three companies merged to form Deutsche Leasing AG. Until 1991 the founder of "Maschinen-Miete GmbH", Albrecht Dietz, was Chairman of the Board of the new company. Deutsche Leasing is today the largest manufacturer-independent leasing company in Germany. Produ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
DekaBank (Germany)
DekaBank Deutsche Girozentrale is the central provider of asset management and capital market solutions of the Sparkassen-Finanzgruppe. It is registered in both Frankfurt and Berlin, with main operational headquarters in Frankfurt. It traces its origins to the Deutsche Girozentrale, established in 1918 as a hub for payments within the German savings banks system. DekaBank is the central asset manager of the Sparkassen-Finanzgruppe, and one of the largest securities services providers in Germany. As a central provider, the bank bundles its competencies in asset management and financial services in its five business areas of asset management, real estate, services, capital markets and financing. Retail and institutional clients and investors can choose from a wide range of investment products and services. DekaBank cooperates closely with local savings banks and Landesbanks. Additionally, it is represented internationally with branches, subsidiaries and representative offices in el ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Universal Bank
A universal bank participates in many kinds of banking activities and is both a commercial bank and an investment bank as well as providing other financial services such as insurance. September 18, 2008, '''' These are also called full-service financial firms, although there can also be full-service investment banks which provide wealth and asset management, trading, underwriting, researching as well as financial advisory. The concept is most relevant in the and the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Vorstand
In German corporate governance, a ''Vorstand'' is the executive board of a corporation (public limited company). It is hierarchically subordinate to the supervisory board (''Aufsichtsrat''), as German company law imposes a two-tier board of directors. German law confers executive powers on the executive board as a body. It is expected to act collectively and collegially. Unlike the executive committee (a.k.a. operating committee or executive council) of a U.S. or UK company, the executive board is not an adjunct of the CEO (managing director). In contrast to Japanese corporate governance, the German executive board has real decision-making power.Charkham, page 85 It is, by law, the managing body of a company and cannot be instructed by any legal person, be they natural or artificial, to act in such a way as to harm the business. Executive board members are personally liable for accepting any such instructions. The specific scope of an executive board's duties varies from business ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Joint-stock Company
A joint-stock company is a business entity in which shares of the company's capital stock, stock can be bought and sold by shareholders. Each shareholder owns company stock in proportion, evidenced by their share (finance), shares (certificates of ownership). Shareholders are able to transfer their shares to others without any effects to the continued existence of the company. In modern-day corporate law, the existence of a joint-stock company is often synonymous with incorporation (business), incorporation (possession of legal personality separate from shareholders) and limited liability (shareholders are liable for the company's debts only to the value of the money they have invested in the company). Therefore, joint-stock companies are commonly known as corporations or limited company, limited companies. Some jurisdiction (area), jurisdictions still provide the possibility of registering joint-stock companies without limited liability. In the United Kingdom and in other count ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
