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Münchener Hypothekenbank
Münchener Hypothekenbank eG (, shortened as MünchenerHyp or MHB) is a mortgage bank under the legal form of a registered cooperative (). The shareholders of MünchenerHyp are other cooperative banks and approximately 60,000 cooperative customers. MünchenerHyp is a member of the Verband deutscher Pfandbriefbanken, of the Bundesverband der Deutschen Volksbanken und Raiffeisenbanken (BVR) and of the . It has been designated as a Significant Institution since the entry into force of European Banking Supervision in late 2014, and as a consequence is directly supervised by the European Central Bank. Overview The company was founded on December 2, 1896, as the Bavarian Agricultural Bank () and was supported by the cooperative sector and the then Royal Bavarian state government under Prince Regent Luitpold. The Bavarian state granted non-interest-bearing capital of one million gold marks and an interest-bearing operating advance of one million gold marks as start-up capital. The was ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Verband Deutscher Pfandbriefbanken
The Association of German Pfandbrief Banks (), abbreviated vdp, is the interest group of German banks which issue a form of property-backed covered bond known as Pfandbrief. vdp member institutions are also engaged in ship and aircraft finance. The vdp takes the judicial form of an Eingetragener Verein An (; "registered association" or "incorporated association"), abbreviated (), is a legal status for a civil registration, registered voluntary association in Germany. While any group may be called a , registration as confers many legal bene ... (registered association). History The association was named ''Verband deutscher Hypothekenbanken'' () until July 2005. Organization The association represents 40 member institutions and it is one of the five members of the German Banking Industry Committee that is defining the standards of the German financing sector. The bond banks association runs a number of subsidiaries for specialized task such as the "vdp Research GmbH" (vdp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bundesverband Der Deutschen Volksbanken Und Raiffeisenbanken
The National Association of German Cooperative Banks (, BVR) is the umbrella association for the German Cooperative Financial Group. Its origins go back to 1864 as . As of 2015 it had 1,021 members, which represents all the cooperative banks in Germany, including local cooperative banks, PSD banks, Sparda banks, Church banks and Cooperative financial institutions, managing around 1.200 trillion euros. The BVR represents the interests of the German Cooperative Financial Institutions at both national and international levels and coordinates and develops the joint strategy within the Network. The BVR advises and supports its members on legal, taxation, and business management issues. The Cooperative Financial Group's institutional protection scheme is Germany's oldest deposit guarantee scheme for banks and is run by the BVR. The BVR informs its member banks on economic and political developments and publishes the “Bank-Information” newsletter. European affairs are dealt wit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Banking Supervision
European Banking Supervision, also known as the Single Supervisory Mechanism (SSM), is the policy framework for the prudential supervision of banks in the euro area. It is centered on the European Central Bank (ECB), whose supervisory arm is referred to as ECB Banking Supervision. EU member states outside of the euro area can also participate on a voluntary basis, as was the case of Bulgaria as of late 2023. European Banking Supervision was established by Regulation 1024/2013 of the Council, also known as the SSM Regulation, which also created its central (albeit not ultimate) decision-making body, the ECB Supervisory Board. Under European Banking Supervision, the ECB directly supervises the larger banks that are designated as Significant Institutions. The other banks, known as Less Significant Institutions, are supervised by national bank supervision, banking supervisors ("national competent authorities") under supervisory oversight by the ECB. As of late 2022, the ECB directly ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Central Bank
The European Central Bank (ECB) is the central component of the Eurosystem and the European System of Central Banks (ESCB) as well as one of seven institutions of the European Union. It is one of the world's Big Four (banking)#International use, most important central banks with a balance sheet total of around 7 trillion. The Governing Council of the European Central Bank, ECB Governing Council makes monetary policy for the Eurozone and the European Union, administers the foreign exchange reserves of EU member states, engages in foreign exchange operations, and defines the intermediate monetary objectives and key interest rate of the EU. The Executive Board of the European Central Bank, ECB Executive Board enforces the policies and decisions of the Governing Council, and may direct the national central banks when doing so. The ECB has the exclusive right to authorise the issuance of euro banknotes. Member states can issue euro coins, but the volume must be approved by the EC ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Luitpold, Prince Regent Of Bavaria
Luitpold Karl Joseph Wilhelm Ludwig, Prince Regent of Bavaria (12 March 1821 – 12 December 1912), was the ''de facto'' ruler of Kingdom of Bavaria, Bavaria from 1886 to 1912, as regent for his nephews, Ludwig II of Bavaria, King Ludwig II and Otto, King of Bavaria, King Otto. His regency arose due to his nephews' mental incapacity. Early life Luitpold was born in Würzburg, the third son of King Ludwig I, King of Bavaria, Ludwig I of Bavaria and his wife, Therese of Saxe-Hildburghausen. He was the younger brother of King Maximilian II of Bavaria and of King Otto of Greece. Luitpold was in line to succeed to the throne of the Kingdom of Bavaria, and was also heir presumptive to the throne of Greece, since his brother Otto had no children. However, the Greek Constitution of 1844, Greek constitution required that Otto's heir should belong to the Greek Orthodox Church. Otto was deposed in 1862 and replaced by George I of Greece, Prince William of Denmark, who became George I, King o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
German Mark (1871)
The German mark ( ; currency sign, sign: ℳ︁) was the currency of the German Empire, which spanned from 1871 to 1918. The mark was paired with the minor unit of the pfennig (₰); 100 pfennigs were equivalent to 1 mark. The mark was on the gold standard from 1871 to 1914, but like most nations during World War I, the German Empire removed the gold backing in August 1914, and gold coins ceased to circulate. After the fall of the Empire due to the German Revolution of 1918–1919, November Revolution of 1918, the mark was succeeded by the Weimar Republic's mark, derisively referred to as the German Papiermark, Papiermark () due to hyperinflation in the Weimar Republic from 1918 to 1923. History The introduction of the German mark in 1873 was the culmination of decades-long efforts to unify the various currencies used by the German Confederation. The Zollverein unified in 1838 the Prussian and South German currencies at a fixed rate of 1 Prussian thaler = South German gu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
World War I
World War I or the First World War (28 July 1914 – 11 November 1918), also known as the Great War, was a World war, global conflict between two coalitions: the Allies of World War I, Allies (or Entente) and the Central Powers. Fighting took place mainly in European theatre of World War I, Europe and the Middle Eastern theatre of World War I, Middle East, as well as in parts of African theatre of World War I, Africa and the Asian and Pacific theatre of World War I, Asia-Pacific, and in Europe was characterised by trench warfare; the widespread use of Artillery of World War I, artillery, machine guns, and Chemical weapons in World War I, chemical weapons (gas); and the introductions of Tanks in World War I, tanks and Aviation in World War I, aircraft. World War I was one of the List of wars by death toll, deadliest conflicts in history, resulting in an estimated World War I casualties, 10 million military dead and more than 20 million wounded, plus some 10 million civilian de ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
House Of Wittelsbach
The House of Wittelsbach () is a former Bavarian dynasty, with branches that have ruled over territories including the Electorate of Bavaria, the Electoral Palatinate, the Electorate of Cologne, County of Holland, Holland, County of Zeeland, Zeeland, Sweden (with Finland under Swedish rule, Swedish-ruled Finland), Denmark, Norway, Kingdom of Hungary, Hungary, Kingdom of Bohemia, Bohemia, and Kingdom of Greece, Greece. Their ancestral lands of Bavaria and the Electoral Palatinate, Palatinate were prince-electorates, and the family had three of its members elected emperors and kings of the Holy Roman Empire. They ruled over the Kingdom of Bavaria which was created in 1805 and continued to exist until 1918. The House of Windsor, the reigning royal house of the British monarchy, are descendants of Sophia of Hanover (1630–1714), a Wittelsbach Princess of the Palatinate by birth and List of Hanoverian royal consorts, Electress of Hanover by marriage, who had inherited the success ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Max Emanuel Herzog In Bayern
Max-Emanuel Ludwig Maria Herzog in Bayern (sometimes styled Prince Max of Bavaria, Duke in Bavaria; born 21 January 1937) as the younger son of Albrecht, Duke of Bavaria, is the heir presumptive to both the headship of the former Bavarian royal house and the Jacobite succession. Life He was born a Prince of Bavaria, as a member of the royal line of the House of Wittelsbach, whose head is his older brother Franz, Duke of Bavaria. However, he has been using the title "Herzog in Bayern" or Duke in Bavaria, since he was adopted as an adult by his grand-uncle, Duke Ludwig Wilhelm in Bavaria, the last bearer of that title of a junior branch of the House of Wittelsbach, from whom he inherited considerable estates at Tegernsee Abbey (including a brewery), Banz Abbey and the spa of Kreuth. Since the Wittelsbach dynasty was opposed to the Nazi regime in Germany, his parents had emigrated from Kreuth, Bavaria, to Budapest, Hungary, in 1939. The family was arrested by the Gestapo in 194 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pfandbrief
The Pfandbrief (plural: Pfandbriefe), a mostly triple-A rated German bank debenture, has become the blueprint of many covered bond models in Europe and beyond. The Pfandbrief is collateralized by long-term assets such as property mortgages or public sector loans as stipulated in the Pfandbrief Act. Total volume outstanding in Pfandbriefe was EUR 806 billion as at end-2008.Deutsche Bundesbank Pfandbrief bonds make up the third largest segment of the German bond market after public sector bonds and unsecured bank debt. A survey of European Pfandbrief-like products was issued in 2005 by the Bank for International Settlements; the International Monetary Fund in 2007 issued a study of the covered bond markets in Germany and Spain, while the European Central Bank in 2003 issued a study of housing markets, addressing also mortgage markets and providing a two-page overview of current mortgage systems in the EU countries. History The roots of the German Pfandbrief system reach back to t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
German Cooperative Financial Group
The German Cooperative Financial Group (, sometimes referred to in English as "Volksbanken Raiffeisenbanken Cooperative Financial Network") is a major cooperative banking network in Germany that includes local banks named Volksbanken ("people's banks") and Raiffeisenbanken ("Raiffeisen banks"), 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 of public banks, and the commercial banking sector represented by the Association of German Banks. The Bundesverband der Deutschen Volksbanken und Raiffeisenbanken (BVR) is the nationwide representative body of the Cooperative Financial Group. It operates under the Deutscher Genossenschafts- und Raiffeisenverband, the umbrella organization of the German cooperative movement. Most ''Volksbanken'' and ''Raiffeisenbanken'' in Germany are quite small and have thus bee ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1896 Establishments In Germany
Events January * January 2 – The Jameson Raid comes to an end as Jameson surrenders to the Boers. * January 4 – Utah is admitted as the 45th U.S. state. * January 5 – An Austrian newspaper reports Wilhelm Röntgen's discovery, last November, of a type of electromagnetic radiation, later known as X-rays. * January 6 – Cecil Rhodes is forced to resign as Prime Minister of the Cape of Good Hope for his involvement in the Jameson Raid. * January 7 – American culinary expert Fannie Farmer publishes her first cookbook. * January 12 – H. L. Smith takes the first X-ray photograph. * January 16 – Devonport High School for Boys is founded in Plymouth (England). * January 17 – Fourth Anglo-Ashanti War: British redcoats enter the Ashanti capital, Kumasi, and Asantehene Agyeman Prempeh I is deposed. * January 28 – Walter Arnold, of East Peckham, Kent, England, is fined 1 shilling for speeding at , exceeding the contemporary urb ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
