GERMAN BANKS AND MONEY: PART 1: > PART 2
Top Banks in Austria, Germany, Switzerland
With all the financial turmoil in recent months and years, it has become increasingly difficult to keep up with the rankings of the world’s banks. Big European and German banks have not been immune to the world credit crisis precipitated by the 2007 U.S. mortgage disaster. Some once highly ranked German banks no longer exist! And everyone has been discovering how closely intertwined the U.S., European, Asian, and other world financial institutions really are.
NOTE: Before attempting to update our German bank rankings, we have decided to wait for more calm conditions. That is why the latest ranking list below is for 2003 (from data collected in 2004).
According to The Wall Street Journal’s “Global Giants” listings of Sept. 27, 2004, Germany’s Allianz financial group was number three, and Switzerland’s USB ranked 4th on the list of the world’s top 100 banks and financial institutions. The first place in 2004 went to Japan's Mizuho Financial Group. Deutsche Bank placed number seven in the 2004 world rankings, while Bank Austria (merged with Creditanstalt in 1997), ranked 14th in 1997, is no longer in the Top 100 list. The American Citigroup, which has a strong presence in Germany, ranked 2nd in the world rankings. (Contrast these 2003 rankings with those from 1997 below!)
2003
The top 15 financial institutions in AUSTRIA (A), GERMANY (D), SWITZERLAND (CH) (with world rank for 2003):
1. Allianz D (3)
2. UBS CH (4)
3. Deutsche Bank D (7)
4. Credit Suisse Group CH (18)
5. Bayerische Hypo Bank D (25)
6. Commerzbank D (29)
7. Zurich Financial CH (45)
8. Eurohypo D (54)
9. Munich Reinsurance D (58)
10. DePfa Deutsche Pfandbriefbank D (65)
11. Bankgesellschaft Berlin D (72)
12. Hypo Real Estate Holding D (73)
13. Erste Bank A (81)
14. BHW Holding D (86)
15. Ergo-Versicherungsgruppe D (88)Rankings are for fiscal year 2003.
Source: The Wall Street Journal (Sept. 27, 2004)
According to The Wall Street Journal’s “World Business Report” of Sept. 28, 1998, Switzerland’s USB ranked number one on the list of the world’s top 100 banks (4th in 2004). Deutsche Bank placed number three in the world rankings (7th in 2004), while Bank Austria came in a distant 67th. (Note: Bank Austria merged with Creditanstalt in 1997 and is now part of the HVB Group.)
1997
The top 15 banks in AUSTRIA (A), GERMANY (D), SWITZERLAND (CH) (with world rank for 1997):
1. UBS CH (1)
2. Deutsche Bank D (3)
3. Credit Suisse Group CH (7)
4. Dresdner Bank D (17)
5. Westdeutsche Landesbank D (21)
6. Commerzbank D (26)
7. Bayerische Vereinsbank D (33)
8. Bayerische Landesbank D (37)
9. Bayerische Hypotheken D (45)
10. DG Bank D (46)
11. Bankgesellschaft Berlin D (48)
12. Kreditanstalt für Wiederaufbau D (56)
13. Norddeutsche Landesbank D (61)
14. Bank Austria A (67)
15. Südwestdeutsche Landesbank D (68)Rankings are for 1997.
Source: The Wall Street Journal (Sept. 28, 1998)
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