As an alternative to court action, which is often inconvenient, time-consuming and expensive, the private commercial banks have since July 1992 offered their clients a widely accepted, effective, unbureaucratic and quick dispute-settlement procedure performed by an independent and impartial person, the Ombudsman. more »
The Deposit Protection Fund of the Association of German Banks fully secures the deposits of each and every customer at the private commercial banks up to a ceiling of 30% of the relevant liable capital of each bank as at the date of the last published annual financial statements. more »
Private Banks in Germany
The association of german banks represents more than 210 private commercial banks and eleven member associations.The private commercial banks affiliated to the association compete keenly with one another. They include both big and small banks, banks operating worldwide and banks with a regional focus, universal banks and banks specialising in individual lines of business. more »
