SozialBank: A Bank for Social Economy

SozialBank is a unique banking institution that focuses on social economy. It was founded in 2010 in Germany.

SozialBank's primary goal is to promote social and economic development in disadvantaged regions. By providing financial services to social enterprises and cooperatives, SozialBank aims to create jobs and improve living standards.

SozialBank operates on a non-profit basis, meaning it doesn't prioritize profit over social impact. This approach allows the bank to offer favorable loan conditions to its clients, making it easier for them to access funding.

SozialBank's services are designed to meet the specific needs of social enterprises and cooperatives.

SozialBank is a specialized commercial bank that offers a range of services and products to its customers. The bank is focused on traditional businesses and provides consulting on banking-specific aspects, financing terms, and conditions of health and social management.

SozialBank's expertise is shaped by social insurances and social legislation, which sets it apart from other commercial banks. The bank's services are designed to meet the unique needs of its customers.

SozialBank operates in 16 locations across Germany, including major cities like Berlin, Hamburg, and Munich.

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SozialBank has its roots dating back to 1920, when it was founded as a cooperative bank.

The bank initially focused on providing financial services to its members, who were mainly workers in the textile industry.

SozialBank's mission was to support the economic and social development of its members and their families.

In the 1950s, the bank started to expand its services to include consumer loans and mortgages.

By the 1970s, SozialBank had established itself as a leading provider of financial services in the region, with a strong focus on social responsibility.

SozialBank's commitment to social responsibility remains a core part of its mission to this day.

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SozialBank offers a wide range of services and products, but its focus is on serving traditional businesses in the health and social management sector.

The bank's consulting services are tailored to meet the specific needs of this industry, including banking, financing, and social management aspects.

SozialBank has a unique approach to banking, taking into account social insurances and legislation when providing its services.

The bank operates in 16 locations across Germany, making its services easily accessible to businesses in these areas.

In addition to its German locations, SozialBank also has a European office in Brussels, allowing it to serve businesses across the continent.

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The SozialBank has a unique ownership structure that's rooted in its history. It was founded in March 1923 as a financial institute for the free social welfare services.

The bank operates under the umbrella of the free social welfare and its foundations, which still hold a significant stake in the company today. In fact, the majority of shareholders are organizations that provide social welfare services.

The Deutscher Caritasverband and the foundation Kronenkreuz (Diakonisches Werk) each own 25.5% of the bank, making them the largest shareholders. This close relationship with social welfare organizations has helped shape the bank's mission and values.

Arbeiterwohlfahrt, a labor welfare association, owns 7.9% of the bank, while Paritätischer Wohlfahrtsverband owns 3.6%. The German Red Cross and Zentralwohlfahrtsstelle der Juden, a Jewish welfare association, own 2.4% and 0.7% respectively.

SozialBank offers a wide range of services and products, making it a universal bank. It specializes in serving a limited range of customers, focusing on traditional business and including banking-specific aspects, as well as financing terms and conditions of health and social management.

The bank's consulting services are particularly notable, covering not only banking aspects but also social insurances and social legislation. This specialized approach sets SozialBank apart from other commercial banks.

SozialBank operates in 16 locations across Germany, including Berlin, Dresden, and Hamburg. It also has a European office in Brussels.

The bank's product offerings include social economic mezzanine fonds, online-factoring, and services for donation-based organizations. These products cater to the unique needs of the health and social management sector.

SozialBank's services extend beyond traditional banking, with offerings like production site and competitor analysis for care homes, feasibility studies, and collateral value assessments.

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