Deutsche Kreditbank Financial Information and Ratings

Deutsche Kreditbank is a German bank with a rich history dating back to 1872. It's been around for over 149 years.

The bank has a strong presence in the financial sector, offering a wide range of financial services. Deutsche Kreditbank's expertise spans corporate lending, investment banking, and asset management.

Deutsche Kreditbank's financial stability is reflected in its good credit ratings. It has a stable outlook from several rating agencies, including Standard & Poor's and Moody's.

The bank's financial information is transparent, with regular updates on its financial performance.

Deutsche Kreditbank has a strong management system in place to handle ESG material risks. This is evident from their Management score, which assesses the robustness of their ESG programs, practices, and policies.

Their Management of ESG Material Risk is classified as Strong, indicating a solid foundation for addressing environmental, social, and governance concerns. This suggests that the bank has a clear understanding of its ESG responsibilities and is taking proactive steps to mitigate potential risks.

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DKB runs 26 branch offices throughout Germany, with a significant presence in various locations.

The bank's property subsidiary, DKB Grund Gmbh, is based in 15 of these branch offices.

In 2008, DKB took over the Miles & More-Credit Card from BayernLB, which was previously issued in cooperation with Lufthansa.

DKB Immobilien AG was sold to TAG Immobilien AG at the end of March 2012.

SKG Bank ceased to be an independent stock company on June 14, 2015, and became a branch and brand of DKB.

The board of directors plays a crucial role in overseeing the company's management and decision-making processes.

The board consists of 16 members, comprising shareholder and employee representatives.

Shareholder representatives make up a significant portion of the board, with Stephan Winkelmeier serving as the chairman.

Other shareholder representatives include Bernd Fröhlich, Stefan Höck, Michael Huber, Marcus Kramer, Ulrich Netzer, and Markus Wiegelmann, as well as Edgar Zoller.

Bianca Häsen serves as the vice chairman, representing the employee representatives on the board.

Other employee representatives include Michaela Bergholz, a labor union representative, as well as Carsten Birkholz, Christine Enz, Jörg Feyerabend, Jens Hübler, Maria Miranov, and Frank Radtke.

Here is a breakdown of the shareholder and employee representatives on the board:

Good management is crucial for a bank's success. Deutsche Kreditbank AG's Management of ESG Material Risk is Strong.

Effective management involves handling ESG issues well. This includes having robust ESG programs, practices, and policies in place.

A strong management system helps mitigate risks and seize opportunities. Deutsche Kreditbank AG's management score assesses the robustness of its ESG programs, practices, and policies.

Good management is not just about having policies in place, it's also about putting them into action. Deutsche Kreditbank AG's management shows that it is actively working on its ESG issues.

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In the banking industry, it's interesting to see how different companies stack up when it comes to ESG risk ratings. Virgin Money UK Plc has an ESG risk rating of 17.8, which is considered low.

Looking at the industry rankings, we can see that Virgin Money UK Plc ranks 205 out of 1023, while Türkiye Is Bankasi AS ranks 213 and Deutsche Kreditbank AG ranks 214.

The low ESG risk ratings of these companies suggest that they are performing well in terms of environmental, social, and governance factors. However, it's worth noting that even the lowest rated companies are still relatively high up in the rankings.

Here's a breakdown of the companies mentioned, along with their ESG risk ratings and industry rankings:

The conditions for using a bank account are pretty straightforward. There are no fees for account management, VISA credit card, or giro/VPAY card.

You can make cash withdrawals and payments with your VISA card within the euro zone without any extra charges. This is a big plus for travelers.

However, if you're making cash withdrawals or payments with your VISA card outside of the euro zone, you'll be charged 1.75% of the transaction amount. This is something to keep in mind if you frequently travel abroad.

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Overdraft interest is also a consideration - it's 6.9% for active users and 7.5% for standard users. This is the interest rate you'll be charged if you go over your account balance.

On the other hand, if you have a positive VISA account balance, you'll earn 0.2% interest as an active user. Standard users won't earn any interest on their positive balance.

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DKB has been providing consolidated financial statements since 2005. They started applying International Financial Reporting Standards (IFRS) to their billing processes in 2006.

DKB's total assets have been steadily increasing over the years, reaching 76.522 million euros in 2016. This growth can be seen in the following table:

The bank's retail clients have been growing steadily, reaching 3.639.186 in 2017, with a growth rate of 3.5% that year.

The financial figures of DKB are quite impressive. Since 2005, the bank has been providing consolidated financial statements, and since 2006, it has been applying International Financial Reporting Standards (IFRS) to its billing processes.

The bank's total assets have been steadily increasing over the years, reaching a high of €76.522 million in 2016. This growth can be attributed to the bank's expanding customer base and increasing revenue.

DKB's retail clients have been growing at a rapid pace, with a 117% increase in 2008 and a steady growth rate of around 8-10% in subsequent years. This growth can be seen in the increasing number of retail clients, from 1.520.000 in 2008 to 3.639.186 in 2017.

Here's a breakdown of the bank's financial figures over the years:

As you can see, the bank's financial figures have been steadily improving over the years, with increasing total assets, revenue, and customer base.

Exposure is a key aspect of a company's financial information, and it's essential to understand what it means. Exposure refers to the extent to which a company is exposed to different material ESG issues.

Deutsche Kreditbank AG's Exposure is Medium, according to their financial information. This score takes into consideration subindustry and company-specific factors such as its business model.

A company's exposure can be influenced by its business model, which is unique to its industry and operations. The more complex the business model, the higher the exposure to material ESG issues.

Understanding a company's exposure is crucial for investors and stakeholders, as it helps them assess potential risks and opportunities.

You can't reach the DKB directly via email. Instead, use the contact form found on their website.

The DKB recommends using the contact form on their website to ensure your email reaches the right person. To do this, search for your topic on dkb.de, choose the relevant result, and then click on the contact form at the end of the FAQ.

If you're interested in baufinanzierung or want to sell an Immobilie, you'll find special contact forms on the DKB website. These can be found at www.dkb.de/privatkunden/immobilienfinanzierung/termin for baufinanzierung and www.dkb.de/Welcome/content/RealEstateContact.xhtml for Immobilienverkauf.

You can use these forms to share important details, and a consultant will then contact you to arrange a phone or video consultation.

Unfortunately, the DKB does not currently offer a chat service for quick question-answering on their website.

To open a Deutsche Kreditbank (DKB) account, you'll need to meet certain eligibility requirements. You can be eligible if you have residence in Germany, regardless of your nationality.

If you're German, Austrian, or Swiss, you can also open an account, and your place of residence doesn't matter. To apply, you'll need to be at least 18 years old.

Here are the specific eligibility requirements:

To legitimize your account, you'll need to provide proof of residence and a proof of identity, such as a passport or ID card. DKB will also do a background check on your SCHUFA credit score, so it's a good idea to check your personal SCHUFA report beforehand.

Deutsche Kreditbank AG has faced controversy in recent years. The bank's ESG Risk Rating has been impacted by high controversy levels.

In April 2022, the Verbraucherzentrale Hamburg warned about Deutsche Kreditbank's unclear pricing policy for cash withdrawals. The bank advertised that customers could withdraw cash worldwide for free, but this was only true if they didn't incur fees.

Deutsche Kreditbank has also experienced technical issues, including a glitch in November 2022 that led to double bookings. This resulted in some customers facing difficulties due to negative account balances or insufficient funds for upcoming payments.

Technical issues can affect the internet banking, app, or website.

The DKB regularly informs users about upcoming maintenance work or current disruptions on their website, in the banking system, and in the app.

Unfortunately, there is no separate number for reporting disruptions.

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Deutsche Kreditbank AG's controversy rating is a crucial aspect of understanding the company's ESG risk. The bank's highest controversy level in the last three years has impacted its ESG Risk Rating.

According to the data, Deutsche Kreditbank AG's highest controversy level in the last three years has been a significant factor in its ESG Risk Rating. This highlights the importance of considering controversy when evaluating a company's environmental, social, and governance (ESG) performance.

Deutsche Kreditbank AG's controversy rating is a key indicator of its overall ESG risk. This rating is a critical component of the company's ESG Risk Rating.

The controversy rating is a quantitative measure that assesses the impact of controversy on Deutsche Kreditbank AG's ESG Risk Rating. It's a vital metric for investors and stakeholders to understand the company's level of controversy.

The DKB has faced criticism for its intransparent pricing policy, specifically regarding cash withdrawals at ATMs. They advertised that customers could withdraw cash worldwide for free, but this only applied to fees charged by the DKB, not the actual cost of the withdrawal.

In April 2022, the Verbraucherzentrale Hamburg warned about the bank's unclear pricing policy. This warning was likely a result of the bank's own advertising, which didn't accurately reflect the actual costs involved.

A technical issue in November 2022 led to double bookings, where transactions were incorrectly repeated from October to November. This caused some customers to be left with negative account balances or insufficient funds for upcoming payments.

Deutsche Kreditbank AG has faced controversy and criticism in the past few years.

The bank's ESG Risk Rating has been impacted by controversy, with the highest level of controversy in the last three years reaching a significant level.

In 2022, the Verbraucherzentrale Hamburg warned about the bank's intransparent price policy for cash withdrawals, which could lead to additional fees for customers.

A technical issue in November 2022 caused double bookings, resulting in negative account balances and missed payments for some customers.

The exact cause of the issue was not disclosed, but it was described as a "house internal problem".

The Deutsche Kreditbank was founded on March 19, 1990, as the first private bank in East Germany after the peaceful revolution.

It was established as an Aktiengesellschaft with a founding capital held by the State Bank of East Germany, the Association of Consumer Cooperatives, Interhotels, Centrum, and the VEB Synthesewerk Schwarzheide.

The bank started operations on April 1, 1990, with an opening balance of 286.5 billion East German Marks.

The Deutsche Kreditbank initially catered to a broad range of customers, from businesses to private individuals.

The bank's own capital stood at 11 billion East German Marks by June 30, 1990.

The State Bank of East Germany transferred its debt to the Deutsche Kreditbank and its shares to the Treuhandanstalt on June 21, 1990.

The Treuhandanstalt became the main creditor of the Treuhand-Unternehmen with a debt of around 60 billion Marks.

The Treuhandanstalt took over the remaining shares of the founding shareholders by 1993, becoming the sole owner of the Deutsche Kreditbank.

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The majority of the bank's passive business, including its corporate and private customer business, was transferred to the Dresdner Bank and the Deutsche Bank in 1991.

The Dresdner Bank and the Deutsche Bank established their own subsidiaries, Dresdner Bank Kreditbank AG and Deutsche Bank Kreditbank AG.

The Treuhandanstalt was dissolved in 1994, and the Deutsche Kreditbank was briefly transferred to the Federal Ministry of Finance.

The bank was then sold to the Bayerische Landesbank (BayernLB) on January 31, 1995.

The Bayerische Landesbank ended its patronage of the Deutsche Kreditbank in 2021 and terminated their control and profit-sharing agreement.

The Bayerische Landesbank also switched the Deutsche Kreditbank's deposit insurance coverage to the private bank system.

Deutsche Kreditbank regularly issues its own bonds and covered bonds on the capital market.

In 2016, the volume of these bonds on the market amounted to 10 billion Euro.

DKB's bonds were rated Aaa by the rating agency Moody's Corporation.

DKB also issued its first Green Bond in 2016, with a volume of 500 million Euro.

This Green Bond received a certification label from the Climate Bond Initiative (CBI).

The sustainability rating agency oekom research positively rated DKB's Green Bond with a Second Party Opinion.