Kurzinfo Einlagensicherung - Gallinat

THE GERMAN PRIVATE
COMMERCIAL BANKS’
DEPOSIT PROTECTION SCHEME*
A Brief Guide and List of Member Banks
Berlin, December 2011
* The present English translation is furnished for information purposes only.
The original German text is binding in all respects.
BANKENVERBAND
SCOPE OF DEPOSIT PROTECTION
The Association of German Banks’ Deposit Protection Fund (Einlagensicherungsfonds des
Bundesverbandes deutscher Banken) currently fully secures the deposits of every customer
at the private commercial banks up to a ceiling of 30 % of the relevant liable capital of each
bank as of the date of the last published annual financial statements1). This protection ceiling
will be lowered first to 20% from 1 January 2015, then to 15% from 1 January 2020 and,
finally, to 8.75% from 1 January 2025.
The cover provided by the Deposit Protection Fund extends to all “deposits held by nonbanking institutions”, i.e. deposits held by private individuals, business enterprises and public
bodies. The deposits protected are for the main part demand, term and savings deposits and
registered savings certificates. Liabilities in respect of which bearer instruments, e.g. bearer
bonds and bearer certificates of deposit, have been issued by a bank are, on the other hand,
not protected.
COMPLETE SECURITY FOR THE GENERAL PUBLIC
For the general public, this deposit protection concept means that all deposits at the private
commercial banks are in effect fully protected. Even in the case of small banks with capital
of € 5 million, amounts up to € 1.5 million per depositor are completely secure at present.
As a rule, the amount protected is in fact considerably higher. On request, the Association of
German Banks is pleased to advise any interested parties of the current deposit protection
ceiling of a member bank. This ceiling is also available on the Association’s website at
www.bankenverband.de.
Even in the unlikely event of a bank ceasing to participate in the Deposit Protection Fund,
provision has been made for all depositors to be informed in good time so that they can
make appropriate arrangements while still enjoying deposit protection. Furthermore,
deposits are protected until the next due date, i.e. possibly well beyond the date on which a
bank’s participation in the Fund ends.
LEGAL FRAMEWORK
The financial resources of the Deposit Protection Fund are raised by the participating banks
on a voluntary basis.
1) Exception: the protection ceiling for banks joining the scheme is in principle only € 250,000 up to the end
of the third calendar year of their participation in the Deposit Protection Fund.
DEPOSIT PROTECTION SCHEME
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BANKENVERBAND
German legislators recognised the necessity of deposit protection in the 1976 Amendment to
the Banking Act (Kreditwesengesetz – KWG), which established an important precondition for
the efficient operation of the Deposit Protection Fund. Their confidence in the effectiveness
of the Deposit Protection Fund is also reflected in the fact that under the provisions of the
German Civil Code (Bürgerliches Gesetzbuch – BGB) trust funds may be deposited up to the
individual protection ceiling with banks participating in the Fund.
DEPOSIT PROTECTION SCHEME STRENGTHENS COMPETITION
As regards the protection of deposits, the Deposit Protection Fund puts each bank in a
competitive position commensurate with its respective size and equal to that of all other
banks. Thus, the Fund goes beyond simply protecting deposits to make a considerable
contribution towards maintaining and consolidating a diversified, balanced competitive setup in the German banking sector. It is at the same time therefore also a major stabilising
factor within the economy as a whole. The natural selection process essential to the
functioning of the market economy nevertheless remains fully intact. Although the Deposit
Protection Fund protects a bank’s customers, it does not protect its owners, who still carry
the entire business risk and insolvency risk.
SUBSIDIARITY OF THE DEPOSIT PROTECTION FUND
Alongside the Deposit Protection Fund, there exists a statutory deposit guarantee scheme,
the Entschädigungseinrichtung deutscher Banken GmbH (EdB), which was set up in 1998. The
EdB performs the tasks of the compensation scheme called for under the German Deposit
Guarantee and Investor Compensation Act (Einlagensicherungs- und Anlegerentschädigungsgesetz) for the area of the private commercial banks and private building and loan
associations. The EdB provides compensation up to a maximum of € 100,000 per depositor.
The Deposit Protection Fund only covers deposits and depositors if and to the extent that
these are not already secured by the EdB.
In the case of branches of foreign banks from the European Economic Area (EEA) which
participate in the Deposit Protection Fund and are assigned to their statutory home-country
deposit guarantee scheme, the Deposit Protection Fund only provides compensation if and
to the extent that deposits are not covered by the home-country deposit guarantee scheme.
This means that the Deposit Protection Fund compensates depositors up to each bank’s
protection ceiling after the home-country deposit guarantee scheme.
DEPOSIT PROTECTION SCHEME
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BANKENVERBAND
LIST OF MEMBER BANKS
Aareal Bank AG, Wiesbaden
abcbank GmbH, Köln
AKA Ausfuhrkredit-Gesellschaft mit beschränkter Haftung, Frankfurt am Main
AKBANK AG, Frankfurt am Main
Allgemeine Beamten Kasse Kreditbank Aktiengesellschaft, Berlin
Archon Capital Bank Deutschland GmbH, Hof
Augsburger Aktienbank Aktiengesellschaft, Augsburg
AXA Bank AG, Köln
B. Metzler seel. Sohn & Co. Kommanditgesellschaft auf Aktien, Frankfurt am Main
Baader Bank Aktiengesellschaft, Unterschleißheim
Banco do Brasil S.A. Zweigniederlassung Frankfurt, Frankfurt am Main
Bank für Tirol und Vorarlberg Aktiengesellschaft, ZN Deutschland, Memmingen
Bank Julius Bär Europe AG, Frankfurt am Main
BANK MELLI IRAN Zweigniederlassung Hamburg, Hamburg
BANK OF CHINA LIMITED Zweigniederlassung Frankfurt, Frankfurt am Main
Bank of Scotland Niederlassung Berlin, Berlin
Bank Saderat Iran Zweigniederlassung Hamburg, Hamburg
Bank Sarasin AG, Frankfurt am Main
Bank Schilling & Co Aktiengesellschaft, Hammelburg
Bank Sepah-Iran Filiale Frankfurt am Main, Frankfurt am Main
Bank Vontobel Europe AG, München
Bank11 für Privatkunden und Handel GmbH, Neuss
Bankhaus Anton Hafner KG, Augsburg
Bankhaus August Lenz & Co. Aktiengesellschaft, München
Bankhaus Bauer Aktiengesellschaft, Stuttgart
Bankhaus C. L. Seeliger Kommanditgesellschaft, Wolfenbüttel
Bankhaus Carl F. Plump & Co. GmbH & Co. KG, Bremen
Bankhaus E. Mayer Aktiengesellschaft, Freiburg
Bankhaus Ellwanger & Geiger KG, Stuttgart
Bankhaus Gebr. Martin Aktiengesellschaft, Göppingen
Bankhaus Hallbaum AG, Hannover
Bankhaus Herzogpark AG, München
Bankhaus J. Faißt oHG, Wolfach
Bankhaus Lampe KG, Düsseldorf
Bankhaus Ludwig Sperrer KG, Freising
Bankhaus Löbbecke AG, Berlin
Bankhaus Max Flessa KG, Schweinfurt
Bankhaus Neelmeyer Aktiengesellschaft, Bremen
DEPOSIT PROTECTION SCHEME
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BANKENVERBAND
Bankhaus Rautenschlein GmbH, Schöningen
Bankhaus von der Heydt GmbH & Co.KG, München
Bankhaus Wölbern & Co. (AG & Co. KG), Hamburg
Bankverein Werther Aktiengesellschaft, Werther
Barclays Bank PLC Frankfurt Branch, Frankfurt am Main
Bethmann Bank AG, Frankfurt am Main
BHF-BANK Aktiengesellschaft, Frankfurt am Main
biw Bank für Investments und Wertpapiere AG, Willich
BMW Bank GmbH, München
BNP PARIBAS Niederlassung Frankfurt am Main, Frankfurt am Main
BNP Paribas Securities Services Zweigniederlassung Frankfurt a.M., Frankfurt am Main
CACEIS Bank Deutschland GmbH, München
China Construction Bank Corporation Niederlassung Frankfurt am Main, Frankfurt am Main
Citigroup Global Markets Deutschland AG, Frankfurt am Main
Clearstream Banking Aktiengesellschaft, Frankfurt am Main
comdirect bank Aktiengesellschaft, Quickborn
Commerz Finanz GmbH, München
Commerzbank AG, Frankfurt am Main
COREALCREDIT BANK AG, Frankfurt am Main
Cortal Consors S.A. Zweigniederlassung Deutschland, Nürnberg
Credit Suisse (Deutschland) Aktiengesellschaft, Frankfurt am Main
CreditPlus Bank Aktiengesellschaft, Stuttgart
CRONBANK Aktiengesellschaft, Dreieich
CVW-Privatbank AG, Wilhermsdorf
DAB Bank AG, München
Danske Bank A/S Zweigniederlassung Hamburg, Hamburg
Degussa Bank GmbH, Frankfurt am Main
Deutsche Bank AG, Frankfurt am Main
Deutsche Bank Europe GmbH, Frankfurt am Main
Deutsche Bank Privat- und Geschäftskunden Aktiengesellschaft, Frankfurt am Main
Deutsche Pfandbriefbank AG, Unterschleißheim
Deutsche Postbank AG, Bonn
Deutsche Schiffsbank Aktiengesellschaft, Bremen
Dexia Kommunalbank Deutschland AG, Berlin
Donner & Reuschel Aktiengesellschaft, Hamburg
Düsseldorfer Hypothekenbank Aktiengesellschaft, Düsseldorf
Eurohypo Aktiengesellschaft, Eschborn
Europe Arab Bank plc Zweigniederlassung Frankfurt, Frankfurt am Main
European Bank for Fund Services GmbH (ebase), Aschheim
Europäisch-Iranische Handelsbank Aktiengesellschaft, Hamburg
DEPOSIT PROTECTION SCHEME
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BANKENVERBAND
Fondsdepot Bank GmbH, Hof
Fortis Bank SA/NV Niederlassung Deutschland, Köln
Frankfurter Bankgesellschaft (Deutschland) AG, Frankfurt am Main
Frankfurter Fondsbank GmbH, Frankfurt am Main
Fürst Fugger Privatbank Kommanditgesellschaft, Augsburg
Fürstlich Castell’sche Bank, Credit-Casse Aktiengesellschaft, Würzburg
Gabler-Saliter Bankgeschäft Kommanditgesellschaft, Obergünzburg/Allgäu
GALLINAT-BANK Aktiengesellschaft, Essen
GE Capital Bank AG, Mainz
Goldman Sachs AG, Frankfurt am Main
Goyer & Göppel Kommanditgesellschaft, Hamburg, Hamburg
GRENKE BANK AG, Baden-Baden
Gries & Heissel - Bankiers - Aktiengesellschaft, Wiesbaden
Hanseatic Bank GmbH & Co KG, Hamburg
Hauck & Aufhäuser Privatbankiers Kommanditgesellschaft auf Aktien, Frankfurt am Main
Hoerner-Bank Aktiengesellschaft, Heilbronn
Honda Bank GmbH, Frankfurt am Main
HSBC Trinkaus & Burkhardt AG, Düsseldorf
ICICI Bank UK Plc Niederlassung Frankfurt am Main, Frankfurt am Main
IKB Deutsche Industriebank Aktiengesellschaft, Düsseldorf
ING-DiBa AG, Frankfurt am Main
Isbank GmbH, Frankfurt am Main
J.P. Morgan AG, Frankfurt am Main
Joh. Berenberg, Gossler & Co. KG, Hamburg
KBC Bank Deutschland Aktiengesellschaft, Bremen
LGT Bank Deutschland & Co. OHG, Frankfurt am Main
LHB Internationale Handelsbank Aktiengesellschaft, Frankfurt am Main
M.M.Warburg & CO Kommanditgesellschaft auf Aktien, Hamburg
M.M.Warburg & CO Hypothekenbank Aktiengesellschaft, Hamburg
MainFirst Bank Aktiengesellschaft, Frankfurt am Main
Maple Bank GmbH, Frankfurt am Main
MARCARD, STEIN & CO AG, Hamburg
Max Heinr. Sutor OHG, Hamburg
Mercedes-Benz Bank AG, Stuttgart
Merck Finck & Co. oHG, München
Merkur Bank KGaA, München
Merrill Lynch International Bank Limited Zweigniederlassung Frankf., Frankfurt am Main
Misr Bank - Europe GmbH, Frankfurt am Main
Mizuho Corporate Bank, Ltd. Filiale Düsseldorf, Düsseldorf
MKB Mittelrheinische Bank GmbH, Koblenz
DEPOSIT PROTECTION SCHEME
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BANKENVERBAND
MLP Finanzdienstleistungen AG, Wiesloch
Morgan Stanley Bank Aktiengesellschaft, Frankfurt am Main
Morgan Stanley Bank International Limited Niederlassung Deutschland, Frankfurt am Main
Münsterländische Bank Thie & Co. KG, Münster
National Bank of Pakistan Filiale Frankfurt am Main, Frankfurt am Main
National-Bank Aktiengesellschaft, Essen
netbank Aktiengesellschaft, Hamburg
Nordea Bank Finland Plc Niederlassung Deutschland, Frankfurt am Main
NordFinanz Bank Aktiengesellschaft, Bremen
norisbank GmbH, Berlin
North Channel Bank GmbH & Co.KG, Mainz
Oberbank AG, Niederlassung Deutschland, München
Oldenburgische Landesbank Aktiengesellschaft, Oldenburg
OnVista Bank GmbH, Frankfurt am Main
Otto M. Schröder Bank Aktiengesellschaft, Hamburg
OYAK ANKER Bank GmbH, Frankfurt am Main
Pictet & Cie (Europe) S.A. Niederlassung Frankfurt am Main, Frankfurt am Main
quirin bank AG, Berlin
RBS (Deutschland) Aktiengesellschaft, Frankfurt am Main
readybank ag, Berlin
RSB Retail + Service Bank GmbH, Kornwestheim
Sal. Oppenheim jr. & Cie. AG & Co. Kommanditgesellschaft auf Aktien, Köln
Salzburg München Bank Aktiengesellschaft, München
Santander Consumer Bank Aktiengesellschaft, Mönchengladbach
Schwäbische Bank Aktiengesellschaft, Stuttgart
SEB AG, Frankfurt am Main
SHINHAN BANK EUROPE GmbH, Frankfurt am Main
Société Générale S.A. Zweigniederlassung Frankfurt a.M., Frankfurt am Main
St. Galler Kantonalbank Deutschland AG, München
State Bank of India (Indische Staatsbank) Zweigniederlassung, Frankfurt am Main
State Street Bank GmbH, München
Steyler Bank GmbH, St. Augustin
Sumitomo Mitsui Banking Corporation Filiale Düsseldorf, Düsseldorf
Svenska Handelsbanken AB (publ) Niederlassung Frankfurt am Main, Frankfurt am Main
Sydbank A/S Filialen Flensburg, Hamburg und Kiel, Flensburg
SÜDWESTBANK Aktiengesellschaft, Stuttgart
TARGOBANK AG & Co. KGaA, Düsseldorf
The Bank of New York Mellon SA/NV Zweigniederlassung Garden Towers, Frankfurt am Main
The Bank of Tokyo-Mitsubishi UFJ, Ltd. Hamburg Branch, Hamburg
Tradegate AG Wertpapierhandelsbank, Berlin
DEPOSIT PROTECTION SCHEME
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BANKENVERBAND
UBS Deutschland AG, Frankfurt am Main
UniCredit Bank AG, München
Union-Bank Aktiengesellschaft, Flensburg
V-Bank AG, München
VALOVIS BANK AG, Essen
VEM Aktienbank AG, München
Volkswagen Bank Gesellschaft mit beschränkter Haftung, Braunschweig
Volvo Auto Bank Deutschland GmbH, Köln
VON ESSEN GmbH & Co. KG Bankgesellschaft, Essen
VTB Bank (Deutschland) Aktiengesellschaft, Frankfurt am Main
W. Fortmann & Söhne KG, Oldenburg
Wirecard Bank AG, Aschheim
Wüstenrot Bank Aktiengesellschaft Pfandbriefbank, Ludwigsburg
Xchanging Transaction Bank GmbH, Frankfurt am Main
ZIRAAT BANK INTERNATIONAL AKTIENGESELLSCHAFT, Frankfurt am Main
DEPOSIT PROTECTION SCHEME
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BANKENVERBAND
THE GERMAN PRIVATE COMMERCIAL BANKS’
DEPOSIT PROTECTION SCHEME
Berlin, December 2011
PUBLISHED BY
Bundesverband deutscher Banken
(Association of German Banks)
Postfach 040307
10062 Berlin, Germany
Phone
+49 30 1663-0
Fax
+49 30 1663-13 99
DEPOSIT PROTECTION SCHEME
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