page_title: Frankfurt
section_title: Commercial banks
hierarchical_section_title: Frankfurt / Economy and business / Commercial banks
caption_attribution_description: Westendtower, Kronenhochhaus
context_page_description: Frankfurt is a metropolis and the largest city of the German state of Hesse. Its 753,056 inhabitants make it the fifth-largest city in Germany. On the River Main, it forms a continuous conurbation with the neighbouring city of Offenbach am Main and its urban area has a population of 2.3 million. The city is at the centre of the larger Rhine-Main Metropolitan Region, which has a population of 5.5 million and is Germany's second-largest metropolitan region after the Rhine-Ruhr Region. Frankfurt's central business district lies about 90 km northwest of the geographic centre of the EU at Gadheim, Lower Franconia. Like France and Franconia, the city is named after the Franks. Frankfurt is the largest city in the Rhine Franconian dialect area.
  Frankfurt was a city state, the Free City of Frankfurt, for nearly five centuries and was one of the most important cities of the Holy Roman Empire, as a site of imperial coronations; it lost its sovereignty upon the collapse of the empire in 1806, regained it in 1815 and then lost it again in 1866, when it was annexed by the Kingdom of Prussia. It has been part of the state of Hesse since 1945.
context_section_description: In 2010, 63 national and 152 international banks had a registered office, including the headquarters of the major German banks, as well as 41 offices of international banks. Frankfurt is therefore known as Bankenstadt ("City of the banks") and nicknamed "Mainhattan" (a portmanteau of the local Main river and Manhattan in New York City) or "Bankfurt". 73,200 people were employed at banks in 2010.
  Deutsche Bank — Germany's largest commercial bank. It had 15% share of private customers and total assets of €1,900 billion in 2010. Deutsche Bank ranks among the 30 largest banks in the world and the ten largest banks in Europe. Deutsche Bank is listed on the DAX, the stock market index of the 30 largest German business companies at the Frankfurt Stock Exchange. In November 2010 Deutsche Bank bought the majority of shares of competitor Postbank. Its headquarters are located at Taunusanlage in the financial district.
  DZ Bank — Central institution for more than 900 co-operative banks (Volksbanken und Raiffeisenbanken) and their 12,000 branch offices in Germany and is a corporate and investment bank. It is Germany's second-largest bank (total assets: €509 billion). The DZ Bank Group defines itself primarily as a service provider for the local Volksbanken and Raiffeisenbanken and their 30 million clients. The DZ Bank headquarters are the Westend Tower and the City-Haus at Platz der Republik. The DZ Bank Group includes Union Investment, DVB Bank and Reisebank, which are also headquartered in Frankfurt.
  KfW Bankengruppe — Government-owned development bank formed in 1948 as part of the Marshall Plan. KfW provides loans for approved purposes at lower rates than commercial banks, especially to medium-sized businesses. With total assets of €507 billion (2017), it is Germany's third-largest bank. The KfW headquarters are located in the Westend district at Bockenheimer Landstraße and Senckenberganlage.
  Commerzbank — Germany's fourth-largest bank by total assets (2017). In 2009, Commerzbank merged with competitor Dresdner Bank, then the third-largest German bank. Due to the merger and the higher credit risks, Commerzbank was 25% nationalized during the Great Recession. It is listed in the DAX. Its headquarters are at Commerzbank Tower (259 metres), the 2nd tallest building in the European Union, at Kaiserplatz.
  Landesbank Hessen-Thüringen – Landesbank Hessen-Thüringen, or short Helaba, is the central federal bank (Landesbank) for the federal states of Hesse and Thuringia. As such, it is state-owned and defined as a service provider for the local German public banks (Sparkassen). Helaba is one of nine Landesbanken and is the fifth-largest in Germany. It is located in the 200-metre-tall Main Tower in the financial district, the only skyscraper with an observation desk open to the public.
  DekaBank – DekaBank is the central asset manager of the Sparkassen in Germany. The headquarters of DekaBank are located at the Trianon skyscraper at Mainzer Landstraße.
  ING Diba Germany – Germany's largest direct bank, headquartered in Bockenheim.
  Other major German banks include Frankfurter Volksbank, the second-largest Volksbank in Germany, Frankfurter Sparkasse and old-established private banks such as Bankhaus Metzler, Hauck & Aufhäuser and Delbrück Bethmann Maffei.
  Many international banks have a registered or a representative office, e.g., Credit Suisse, UBS, Bank of America, Morgan Stanley, Goldman Sachs, Merrill Lynch, JPMorgan Chase & Co., Bank of China, Banco do Brasil, Itaú Unibanco Société Générale, BNP Paribas, SEB, Royal Bank of Scotland and Barclays.
caption: Westend Tower, also known as Westendstraße 1 or Crown Tower, Headquarters of DZ Bank
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