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 Deutsche Bank AG (), sometimes referred to simply as Deutsche, is a German multinational investment bank and financial services company headquartered in Frankfurt, Germany, and dual-listed on the Frankfurt Stock Exchange and the New York Sto ...

, employs in its

Wuppertal Wuppertal (; "''Wupper Dale''") is, with a population of approximately 355,000, the seventh-largest city in North Rhine-Westphalia as well as the 17th-largest city of Germany. It was founded in 1929 by the merger of the cities and to ...

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 Société Générale S.A. (), colloquially known in English as SocGen (), is a French-based multinational financial services company founded in 1864, registered in downtown Paris and headquartered nearby in La Défense. Société Générale ...

and sells its products under the umbrella brand Société Générale Equipment Finance. The Societe Generale Equipment Finance is represented in 19

Europe Europe is a large peninsula conventionally considered a continent in its own right because of its great physical size and the weight of its history and traditions. Europe is also considered a Continent#Subcontinents, subcontinent of Eurasia ...

an countries as well as

Brazil Brazil ( pt, Brasil; ), officially the Federative Republic of Brazil (Portuguese: ), is the largest country in both South America and Latin America. At and with over 217 million people, Brazil is the world's fifth-largest country by area ...

China China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's most populous country, with a population exceeding 1.4 billion, slightly ahead of India. China spans the equivalent of five time zones and ...

and the

USA The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country Continental United States, primarily located in North America. It consists of 50 U.S. state, states, a Washington, D.C., ...

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 A finance lease (also known as a capital lease or a sales lease) is a type of lease in which a finance company is typically the legal owner of the asset for the duration of the lease, while the lessee not only has operating control over the asset, b ...

Operating lease The expression "operating lease" is somewhat confusing as it has a different meaning based on the context that is under consideration. From a product characteristic stand point, this type of a lease, as distinguished from a finance lease, is one w ...

Rent-to-own Rent-to-own, also known as rental purchase or rent-to-buy, is a type of legally documented transaction under which tangible property, such as furniture, consumer electronics, motor vehicles, home appliances, real property, and engagement rin ...

* Truck-Trailer-Rent (via subsidiary PEMA GmbH) *

VAT A value-added tax (VAT), known in some countries as a goods and services tax (GST), is a type of tax that is assessed incrementally. It is levied on the price of a product or service at each stage of production, distribution, or sale to the en ...

-funding * Full-Service-Vehicle-Lease *

Insurance Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge ...

s *

Loyalty card A loyalty program is a marketing strategy designed to encourage customers to continue to shop at or use the services of a business associated with the program. Today, such programs cover most types of commerce, each having varying features and ...

In addition the GEFA supports manufacturers and salesmen with the following funding solutions which are being internationally accompanied by the SG-Equipment-Finance-Network: * Sales credits * Sales and distribution lease *

Purchase Purchasing is the process a business or organization uses to acquire goods or services to accomplish its goals. Although there are several organizations that attempt to set standards in the purchasing process, processes can vary greatly between ...

funding * Rent-park funding *

Rent Rent may refer to: Economics *Renting, an agreement where a payment is made for the temporary use of a good, service or property *Economic rent, any payment in excess of the cost of production *Rent-seeking, attempting to increase one's share of e ...

Refinancing Refinancing is the replacement of an existing debt obligation with another debt obligation under a different term and interest rate. The terms and conditions of refinancing may vary widely by country, province, or state, based on several economic ...

* Insurances In 2012 the GEFA picked up the deposit business with private customers and in 2014 with trade customers.

Funded objects

The GEFA is financing objects especially from the areas transport (e.g. trucks, omnibuses,

business jet A business jet, private jet, or bizjet is a jet aircraft designed for transporting small groups of people. Business jets may be adapted for other roles, such as the evacuation of casualties or express parcel deliveries, and some are used by pub ...

riverboat A riverboat is a watercraft designed for inland navigation on lakes, rivers, and artificial waterways. They are generally equipped and outfitted as work boats in one of the carrying trades, for freight or people transport, including luxury un ...

s, agricultural machinery), industrial goods (e.g. construction machinery, printing machines, tool machines) and high tech (e.g.

hard Hard may refer to: * Hardness, resistance of physical materials to deformation or fracture * Hard water, water with high mineral content Arts and entertainment * ''Hard'' (TV series), a French TV series * Hard (band), a Hungarian hard rock supe ...

- and

software Software is a set of computer programs and associated documentation and data. This is in contrast to hardware, from which the system is built and which actually performs the work. At the lowest programming level, executable code consists ...

, office equipment,

biomedical engineering Biomedical engineering (BME) or medical engineering is the application of engineering principles and design concepts to medicine and biology for healthcare purposes (e.g., diagnostic or therapeutic). BME is also traditionally logical sciences ...

). In 2015 the GEFA generated a new business volume of 1.899 million

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 . ...

. 1.203 million Euros were generated in the transport sector, 435 million in the industrial goods sector and 261 million in the high tech sector.

Deposit guarantee

The GEFA is subject to the legal deposit guarantee and is a member of the deposit protection fund of the Bundesverband deutscher Banken e.V.

Technology

The brand GEFA Bank is affiliated to the cooperative

data center A data center (American English) or data centre (British English)See spelling differences. is a building, a dedicated space within a building, or a group of buildings used to house computer systems and associated components, such as telecommunic ...

Fiducia IT AG Fiducia IT AG was a German IT-service provider based in Karlsruhe. In 2015, it merged with the GAD eG to form Fiducia & GAD IT AG. Its core business was providing financial IT services for co-operative banks, with its customers also coming fro ...

Karlsruhe Karlsruhe ( , , ; South Franconian: ''Kallsruh'') is the third-largest city of the German state (''Land'') of Baden-Württemberg after its capital of Stuttgart and Mannheim, and the 22nd-largest city in the nation, with 308,436 inhabitants. ...

and uses their banking software agree for its IT. In addition an extensive and longstanding partnership exists with the

Paderborn Paderborn (; Westphalian: ''Patterbuorn'', also ''Paterboärn'') is a city in eastern North Rhine-Westphalia, Germany, capital of the Paderborn district. The name of the city derives from the river Pader and ''Born'', an old German term for t ...

company S&N.

References

External links

* {{Authority control Banks of Germany Banks established in 1949