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Financial services in Berlin

Numerous German and international banks, insurance companies, and financial service providers are also drawn to the German capital.

When the federal government moved to Berlin, the top financial industry associations followed. As a bridge between Western, Central and Eastern Europe, Berlin offers ideal conditions for the German and international financial world to come together at the highest levels.

The banking industry in Berlin

  • 17 credit institutions have their headquarters in Berlin;
  • 2 (housing) cooperatives with their own savings facilities headquartered in Berlin;
  • Numerous branches of other institutions with headquarters outside Berlin;
  • 1 securities trading bank based in Berlin;
  • 3 representative offices of foreign banks;
  • 4 payment service providers (each with a limited banking license) based in Berlin;
  • Banking industry concentrated in Berlin Mitte, Berlin's traditional banking center;
  • The top financial industry associations followed the government to Berlin (e.g., the Association of German Banks (Bundesverband deutscher Banken - BdB), the German Savings Banks Association (Deutscher Sparkassen- und Giroverband -DSGV), the Association of German Public Sector Banks (Bundesverband Öffentlicher Banken Deutschlands - VÖB), and the German Association of Cooperative Banks (Bundesverband der Deutschen Volksbanken und Raiffeisenbanken - BVR)).

Number of employees at Berlin's banks:

Deutsche Bank AG3,700 employees
Commerzbank AG2,194 employees
Berliner Volksbank AG1,565 employees

(Source: Senate Department forEconomics, Energy and Public Enterprises (Senatsverwaltung für Wirtschaft, Energie und Betriebe, 2018)

Banks in Berlin

Banks with headquarters in Berlin (selection):

Further major banks with branch offices in Berlin (selection):

Foreign banks in Berlin (selection):

  • Bank of Tokyo-Mitsubishi UFJ, Ltd., Berlin Representative Office
  • Barclays Industrie Bank
  • Caixa Geral de Depositos, S.A. Representative Office
  • Citibank
  • Credit Suisse First Boston International, Frankfurt/Berlin Branch Office
  • Demir-Halk Bank (Nederland) N.V.
  • Emporiki Bank Germany GmbH
  • GE Money Bank
  • Graubündener Kantonalbank
  • Golomt Bank of Mongolia, Representative Office
  • HSBC Trinkaus & Burkhardt
  • Isbank
  • Israel Discount Bank Ltd., Germany Representative Office
  • Investmentbankgruppe NIKoil, Representative Office
  • J.P. Morgan
  • Lazard
  • LGT Bank
  • M.M. Warburg & Co.
  • MSD Witter Bank
  • Oyak Anker Bank
  • Pamukbank T.A.S.
  • Parex banka, Branch Office Berlin
  • Rabobank International
  • RCI Banque S.A.
  • SEB
  • Société Génénale S.A.
  • Tekstil Bankasi A.S., Germany Representative Office
  • Türkiye Cumhuriyet Merkez Bankasi
  • UBS Wealth Management
  • Ziraat Bank International AG

The insurance industry in Berlin

Measured by turnover, Berlin is Germany's fifth largest insurance center. Twenty-four insurance companies are headquartered here, and all of the major German insurance companies are represented in Berlin. Insurance companies’ Berlin offices are often responsible for the strategic coordination of activities in the former East German federal states.

Venture capital in Berlin

Berlin is one of Europe's leading centers of science and research with numerous innovative start-ups and investment projects in growth industries such as biotechnology and medical technology as well as in the new key technologies. As such, Berlin is one of Germany's top three venture capital hotspots. An average of 20 percent of German VC capital flows into high-tech companies in Berlin.

Venture capitalists in Berlin provide financing for every phase of new business undertakings. The city boasts a tightly linked network of venture capitalists, business angels and entrepreneurial teams. Berlin plays host to important financial conferences on private equity, such as the German Equity Forum (Eigenkapitalforum) and the German Equity Day.

Associations and networks

As Germany's capital and the seat of the federal government, Berlin is an important meeting place for German and international lobbyists. Accordingly, many industry associations and institutions are moving their headquarters to Berlin. Specialized auditors, law firms and consulting firms are also located here.

Associations in Berlin (selection)

Your contact

Justina Siegmund-Born

Justina Siegmund-Born

Head of Unit
Media | Creative Industries | Service Industries
Ausschnitt aus dem Wirtschaftsatlas mit Blick auf den Potsdamer Platz

Berlin Economic Atlas

The Berlin Economic Atlas provides specific industry and infrastructure information for any location in Berlin.