Augsburger Aktienbank was established in 1963 and was one of the first banks in Germany operating as a direct bank. Augsburger Aktienbank was focused on providing securities trading services to financial intermediaries. Augsburger Aktienbank also offered its customers retail banking products, including current, savings and fixed term deposit accounts. In 2022 Augsburger Aktienbank discontinued its banking business.
In 2021, Augsburger Aktienbank AG achieved the position of 699th largest bank in Germany with a market share of 0.01%; its total assets dropped by 58.86%.
Deposits up to 100,000 EUR are covered by German deposit guarantee scheme in Augsburger Aktienbank AG.
Augsburger Aktienbank AG ranked as the 699th largest bank in Germany by total assets. In 2021 its total assets were 1,122.96 mln EUR, representing a 0.01% market share. In 2021 the bank's net income was -4.80 mln EUR.
Augsburger Aktienbank AG protects deposits up to up to 100,000 EUR per depositor through Germany's deposit guarantee scheme. The scheme applies to all deposit accounts made by individuals, companies. The bank participates in the Entschädigungseinrichtung deutscher Banken GmbH (EdB), making regular contributions into it.
Augsburger Aktienbank AG was headquartered in Augsburg, Bay.