Germany

Germany has a varied banking sector that includes commercial banks, savings banks and cooperative banks. Institutions differ in their business models, geographic reach and services. The euro is the national currency, while banking supervision involves both German and European authorities.

The Bundesbank and the Federal Financial Supervisory Authority (BaFin) share national supervisory responsibilities. Within the euro area’s Single Supervisory Mechanism, the European Central Bank (ECB) directly supervises significant banking groups. The NEXVORO catalogue provides a starting point for exploring institutions, not a complete list of their current offers.