The Münchner Bank is a German
credit union
A credit union is a member-owned nonprofit organization, nonprofit cooperative financial institution. They may offer financial services equivalent to those of commercial banks, such as share accounts (savings accounts), share draft accounts (che ...
headquartered in
Munich
Munich is the capital and most populous city of Bavaria, Germany. As of 30 November 2024, its population was 1,604,384, making it the third-largest city in Germany after Berlin and Hamburg. Munich is the largest city in Germany that is no ...
. Founded in 1862, it is the oldest and largest credit union in
Bavaria
Bavaria, officially the Free State of Bavaria, is a States of Germany, state in the southeast of Germany. With an area of , it is the list of German states by area, largest German state by land area, comprising approximately 1/5 of the total l ...
with 525 employees at 41 locations and assets of 2.625 Billion Euros (c. 3700 Million US-Dollar). It functions as a bank providing payment-transaction and loan services to small businesses and personal customers.
References
External links
official homepage
Cooperative banks of Germany
Financial services companies based in Munich
Investment banks
Banks established in 1862
1862 establishments in Bavaria
German companies established in 1862
{{Germany-bank-stub