
Consorsbank has been a reliable choice for investors and traders alike, boasting a long history of stability and growth. Established in 1994, the bank has been a subsidiary of the financial services provider Consors Group since 2000.
With a strong presence in Germany and a growing international reach, Consorsbank offers a wide range of financial products and services. The bank's commitment to innovation and customer satisfaction has earned it a reputation as a trustworthy partner for investors and traders.
Consorsbank's financial performance has been consistently strong, with revenue growth and increased profitability over the years.
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About Consorsbank
Consorsbank is a German online bank that was founded in 1999. It offers a wide range of financial services to its customers.
The bank is known for its low fees and high interest rates on savings accounts. It also offers a variety of investment products, including stocks, bonds, and funds.
Consorsbank is part of the Consors Group, which was founded in 1978. The group has over 3.5 million customers and is one of the largest online banks in Germany.
The bank's online platform is user-friendly and allows customers to manage their accounts, invest in securities, and access a range of financial tools and resources.
Services and Products
Consorsbank offers a range of deposit options, including fixed deposits with interest rates such as 0.95% for a 0-month deposit, 2% for a 6-month deposit, and 2.25% for a 12-month deposit.
You can choose from 6 deposits and 1 savings account in EUR, making it easy to find a product that suits your needs.
The bank provides various checking accounts with no monthly fees and those with additional features like free international payments.
High-interest savings accounts with competitive rates are available, including options for term deposits and flexible savings plans.
Consorsbank offers a wide array of investment options, including stocks, bonds, ETFs, and mutual funds.
Personal loans, auto loans, and credit cards are available with varying terms and conditions to suit different financial needs.
The bank offers insurance products, including life and health insurance, through partnerships with insurance providers.
Consorsbank provides personalized wealth management services and financial advisory for clients with significant assets.
Financial Information
Consorsbank is part of the BNP Paribas group, which has demonstrated consistent financial stability with steady revenue and profit growth.
The bank's performance is closely tied to the broader financial success of BNP Paribas, with an expanding customer base and increasing market share within the European financial services sector.
Consorsbank's creditworthiness is bolstered by its association with BNP Paribas, which enjoys high credit ratings from major agencies, including A+ from Standard & Poor's and Aa3 from Moody's.
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Deposit Protection
Consorsbank participates in the deposit guarantee scheme of Germany, which covers all deposit accounts made by natural persons and legal entities, up to 100,000 EUR per bank per depositor.
This scheme is backed by the German government, providing reassurance to clients about the security of their savings.
Deposits held with Consorsbank are protected under the German Deposit Guarantee Scheme, which guarantees the protection of customer deposits up to €100,000 per depositor, per bank.
This level of protection is a significant advantage for customers, giving them peace of mind knowing their savings are secure.
Financial Performance
Consorsbank's financial performance is closely tied to its parent company, BNP Paribas.
The BNP Paribas group has shown consistent financial stability, with steady revenue and profit growth over time.
This stability is reflected in Consorsbank's own financial performance, with a strong and expanding customer base.
Consorsbank's annual revenue was $191.4 million in 2025, a notable figure that underscores its financial health.
The bank's performance is closely aligned with BNP Paribas's broader financial success, with increasing market share within the European financial services sector.
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Credit Rating
Consorsbank's creditworthiness is bolstered by its association with BNP Paribas, which enjoys high credit ratings from major agencies. Consorsbank benefits from BNP Paribas's strong financial health and stability.
BNP Paribas has received an A+ rating from Standard & Poor's, reflecting its excellent financial standing. This rating is a testament to the bank's ability to meet its financial obligations.
Moody's has also given BNP Paribas an Aa3 rating, indicating a high level of financial strength. This rating further enhances Consorsbank's credibility and reliability in the financial sector.
Fitch has also assigned an A+ rating to BNP Paribas, highlighting its strong creditworthiness. This rating is a result of BNP Paribas's stable financial position and ability to pay its debts.
What is SIC Code?
The SIC code is a system used to classify businesses by their type of activity. Consorsbank, for instance, has a SIC code of 60 and 602.
The SIC code is an essential piece of financial information that helps organizations and governments understand the nature of businesses.
Customer and Operations
Consorsbank is part of BNP Paribas, a major international banking group, allowing it to serve clients across Europe efficiently through its parent company's network.
The bank's online and mobile banking platforms are highly regarded for their ease of use and functionality, making it a convenient option for customers.
However, customer service has been a major concern, with many users reporting long wait times, unresponsive support, and unresolved issues.
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Geography of Operations
Consorsbank operates primarily in Germany, where it offers a range of savings products.
The bank's services are also accessible to customers in other European countries through its parent company's network.
As part of BNP Paribas, a major international banking group, Consorsbank can efficiently serve clients across Europe online.
Customer Reviews
Consorsbank's customer reviews on Trustpilot are overwhelmingly negative, with an overall TrustScore of 1.5 out of 5.
Long wait times, unresponsive support, and unresolved issues are common complaints from customers.
Delays in receiving new cards or PINs, and difficulties accessing accounts, are other problems reported by users.
Transaction errors and slow resolution are also significant concerns.
Despite these issues, some clients appreciate the ease of use and functionality of Consorsbank's online and mobile banking platforms.
The overall sentiment from reviews on Trustpilot suggests a need for significant improvements in customer support and service reliability.
Customers are frustrated with the bank's inability to resolve issues in a timely manner.
Top Employees
The top employees at our company are the ones who consistently receive high ratings from customers.
They have a customer satisfaction rate of 95% or higher, which is significantly higher than the average employee.
These employees are able to resolve customer complaints in an average of 2.5 hours or less, making them a valuable asset to our team.
They have an average response time of 1 hour or less, ensuring that customers receive timely assistance.
Their ability to multitask and prioritize tasks has been key to their success, allowing them to handle an average of 25 customer interactions per day.
By following our customer service standards, these employees have been able to build strong relationships with our customers and increase customer loyalty.
Banking and Identification
Consorsbank offers a range of banking services, including online banking, mobile banking, and phone banking.
You can easily manage your accounts, pay bills, and transfer money online or through the mobile app.
The bank's online banking platform is secure and accessible 24/7, allowing you to stay on top of your finances at any time.
For identification purposes, Consorsbank requires a valid ID, such as a passport or driver's license, to open an account or access certain services.
Digital Banking
Digital Banking makes it easy to manage your finances from anywhere. The Consorsbank online platform lets you manage accounts, make transactions, and view financial statements with ease.
You can perform similar tasks on the Consorsbank app, which is optimized for mobile use. Customers can check balances, access account information, and perform transactions from their smartphones.
The online platform offers a comprehensive set of features, including bill payments and fund transfers. This makes it convenient to take care of your financial tasks in one place.
What is Germany's IBAN Code?
In Germany, the IBAN code is a crucial piece of information for international money transfers. It consists of 22 characters.
The IBAN code for Consorsbank in Germany is a specific combination of numbers and letters that identifies the bank and account. The code includes a 2-letter country code, a 2-digit check number, an 8-digit bank code (BLZ code), and a 10-digit code for the bank account number.
To ensure your payment is processed correctly, you need to provide the right IBAN number. If you don't use the correct IBAN number, your payment might be returned or sent to the wrong account.
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You can find your Consorsbank IBAN number by logging into Consorsbank online banking or checking your bank statement. Alternatively, you can work out your IBAN based on the example provided.
The Consorsbank IBAN example in Germany is: DE89370400440532013000. This can be broken down into its individual components:
Frequently Asked Questions
Where is Consorsbank located?
Consorsbank is headquartered in Nurnberg, Germany. Learn more about our bank's history and services.
Is Consorsbank safe?
Consorsbank is a legitimate and regulated entity, supervised by Germany's BaFIN (Federal Financial Supervisory Authority). Rest assured, Consorsbank is a safe choice for your financial transactions.
Sources
- https://www.bnpparibas.de/en/portfolio/private-individuals/consorsbank/
- https://en.wikipedia.org/wiki/Consorsbank
- https://www.cbinsights.com/company/consorsbank
- https://pickthebank.eu/banks/germany/consorsbank-csdbde71/
- https://wise.com/us/iban/germany/consorsbank
- https://rocketreach.co/consorsbank-profile_b5c65a40f42e0cae
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