Germany: Top 15 Banks with Highest Assets

According to our database (as of May 2023), a total of more than 5.3M businesses operate in Germany. 11.42% of them (more than 608 thousand) operate in Finance, Insurance, and Real Estate. These companies generate 22.6% of total sales generated by all businesses registered in Germany and employ 19% of all employees in Germany. The TOP 15 Banks in Germany reported assets worth EUR 4.8T in 2021 - the largest company, Deutsche Bank AG, was responsible for 27% of the total, with EUR 1.3T. In total, these banks had a net profit of more than EUR 8.9B.

The German banking sector is complex. In addition to traditional commercial and privately owned banks, several other types of banks operate on the market - e.g. regional public banks with the participation of the state or municipalities (Sparkassen) and larger regional banks (Landesbanken). Some of these banks are on the TOP 15 list.

All data used below is available in individual companies’ annual reports.

Deutsche Bank AG reported the highest assets in 2021

Deutsche Bank AG had the highest assets in 2021 with EUR 1.32T. It is a global investment bank and financial services company headquartered in Frankfurt (Germany). Deutsche Bank provides a wide range of services such as corporate banking, investment banking, asset management, and private banking.

DZ Bank AG was second with EUR 1.17T. DZ Bank is a cooperative bank based in Frankfurt (Germany). It is the central institution for more than 700 local cooperative banks. DZ Bank AG offers financial services such as corporate banking, investment banking, and wealth management.

Commerzbank AG was third with EUR 405.9B in assets. It is a leading commercial bank based in Frankfurt (Germany), providing a range of services such as corporate banking, investment banking, asset management, and private banking to businesses, institutional clients, and individuals.

UniCredit Bank AG was fourth with assets of EUR 291.5B. It is a major commercial bank based in Munich (Germany). UniCredit Bank AG operates in 14 European countries and provides a range of services such as corporate banking, investment banking, and private banking.

Landesbank Baden-Württemberg was fifth with reported assets of EUR 282.3B in 2021. It is a regional bank based in Stuttgart (Germany), serving as the central bank for the federal state of Baden-Württemberg. Landesbank Baden-Württemberg provides financial services such as corporate banking, investment banking, and private banking.

Bayerische Landesbank was sixth with EUR 266.55B in assets. It is a state-owned regional bank based in Munich (Germany), providing financial services such as corporate banking, investment banking, and asset management.

ING-DiBa AG was seventh with assets of EUR 190.1B. ING-DiBa is a direct bank based in Frankfurt (Germany). The bank provides retail banking services such as checking and savings accounts, mortgages, and consumer loans.

Landesbank Hessen-Thüringen Girozentrale was eighth with EUR 184.1B. It is a regional bank based in Frankfurt (Germany), serving as the central institution for the federal states of Hessen and Thuringia. The bank offers financial services such as corporate banking, investment banking, and private banking.

NRW.BANK was ninth with assets worth EUR 153B. The bank is a development bank based in Düsseldorf (Germany). It provides financing and advisory services with the goal of promoting economic development in the federal state of North Rhine-Westphalia. NRW.BANK primarily focuses on small and medium enterprises.

Deutsche Kreditbank Aktiengesellschaft was tenth with reported assets of EUR 134.95B in 2021.This bank is a direct bank based in Berlin (Germany) and is a subsidiary of Bayerische Landesbank. Deutsche Kreditbank Aktiengesellschaft provides retail banking services such as checking and savings accounts, credit cards, and consumer loans through online and mobile channels while also focusing on entrepreneurs and municipalities.

Norddeutsche Landesbank - Girozentrale was eleventh with EUR 115.24B in assets. It is a regional bank based in Hanover (Germany), serving as the central institution for the federal states of Lower Saxony and Saxony-Anhalt. The bank provides financial services such as corporate banking, investment banking, and asset management.

Landwirtschaftliche Rentenbank was twelfth with assets worth EUR 95.3B. Landwirtschaftliche Rentenbank is a development bank based in Frankfurt (Germany), providing financing and advisory services to support agricultural and rural development.

DekaBank Deutsche Girozentrale was thirteenth with assets of EUR 88.86B in 2021. DekaBank Deutsche Girozentrale is the central provider of asset management and capital market solutions of the Sparkassen-Finanzgruppe. 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.

Bausparkasse Schwäbisch Hall Aktiengesellschaft - Bausparkasse der Volksbanken und Raiffeisenbanken was fourteenth with reported assets of EUR 85.37B. It is a building society based in Schwäbisch Hall (Germany), offering residential mortgages and savings products to members of cooperative banks in Germany.

Volkswagen Bank Gesellschaft mit beschränkter Haftung was fifteenth with EUR 81.83B. It is a direct bank based in Braunschweig (Germany), providing financial services such as car financing, leasing, and insurance, primarily for customers of the Volkswagen Group.

Deutsche Bank AG had the highest profit both before and after tax in 2021

Deutsche Bank AG reported the highest profit before tax in 2021 - EUR 3.4B. DZ Bank AG was second with EUR 3.1B. ING-DiBa AG was third with EUR 1.2B. The TOP 3 banks were followed by Volkswagen Bank GmbH (EUR 844M), Landesbank Baden-Württemberg (EUR 817M), Bayerische Landesbank (EUR 816M), DekaBank Deutsche Girozentrale (EUR 791.4M), UniCredit Bank AG (EUR 500M), Deutsche Kreditbank Aktiengesellschaft (EUR 363.3M), Landesbank Hessen-Thüringen Girozentrale (EUR 224M), Bausparkasse Schwäbisch Hall Aktiengesellschaft (EUR 129.9M), Commerzbank AG (EUR 105M), Norddeutsche Landesbank - Girozentrale (EUR 90.3B), Landwirtschaftliche Rentenbank (EUR 36.6M), and NRW.BANK (EUR 23M).

Deutsche Bank AG also reported the highest profit after tax in 2021 - EUR 2.5B. DZ Bank AG was second with EUR 2.2B. ING-DiBa AG was third with EUR 797M. These TOP 3 banks were followed by Volkswagen Bank GmbH (EUR 563M), Bayerische Landesbank (EUR 556M), DekaBank Deutsche Girozentrale (EUR 536.5M), Landesbank Baden-Württemberg (EUR 418M), Commerzbank AG (EUR 354M), Deutsche Kreditbank Aktiengesellschaft (EUR 312.9M), UniCredit Bank AG (EUR 245M), Landesbank Hessen-Thüringen Girozentrale (EUR 207M), Bausparkasse Schwäbisch Hall Aktiengesellschaft (EUR 129.9M), Norddeutsche Landesbank – Girozentrale (EUR 75.6M), Landwirtschaftliche Rentenbank (EUR 34.5M), and NRW.BANK (EUR 5.5M).