Acquiring a bank

Acquiring a bank is complicated transaction. It involves all the processes of acquisition including receiving financial regulatory approvals.

    Inhabitants - 81,471,834 (July 2011)

    Language - German

    Currency - EURO (EUR)

    Religion - Protestant 34%, Roman Catholic 34%, Muslim 3.7%, unaffiliated or other 28.3%.

    Politics - Germany is a federal parliamentary republic based on representative democracy. The Chancellor is the head of government, while the President of Germany is the head of state, which is a ceremonial role with substantial reserve powers. Executive power is vested in the Federal Cabinet (Bundesregierung), and federal legislative power is vested in the Bundestag (the parliament of Germany) and the Bundesrat (the representative body of the Länder, Germany's regional states). There is a multi-party system that, since 1949, has been dominated by the Christian Democratic Union (CDU) and the Social Democratic Party of Germany (SPD). The judiciary of Germany is independent of the executive and the legislature.

  • Major industries - among the world`s largest and most technologically advanced producers ofiron, steel, coal, cement, chemicals,  machinery,  vehicles, machine tools, electronics, food and beverages, shipbuilding, textiles.

    Banks (2010)  - 2 093 banks; 38,183 branches; 657,100 employees; assets – EUR 8,307 trillion; loans – EUR 2,31 trillion; deposits – EUR 3,16 trillion.

    Banking regulations - in Germany, the task of banking supervision is shared by the Bundesbank and BaFin. Banking supervision does not directly intervene in transactions conducted by banks, but it does set the regulatory framework. The Banking Act (Gesetzüber das Kreditwesen) is the legal basis for this. The Bundesbank is assigned most of the operational tasks in banking supervision. In the ongoing monitoring process the Bundesbank's responsibilities notably include evaluating the documents, reports, annual accounts and auditors' reports submitted by the institutions as well as conducting regular audits of banking operations. The Federal Financial Supervisory Authority, as the successor to the Federal Banking Supervisory Office, is responsible for all sovereign measures. Only in exceptional cases will the FFSA carry out audits of banking operations, either together with the Bundesbank or on its own.



  • The tasks of the Federal Authority are not limited to licensing, monitoring and - if necessary - closing individual institutions. It can also issue general instructions which lay down rules for carrying out the banking business, providing financial services and limiting risks. The minimum initial capital of a bank in the form of a joint stock company has been set  of an amount of EUR 5 million.