Founded in 1921 as a self-help facility for civil servants, BBBank eG is a cooperative bank specialized in providing retail banking products and services to public sector employees, including current accounts, low-interest loans (direct debits, consumer loans and mortgage lending), attractive investment and pension solutions, investment advice and private banking.
Becoming a client of BBBank eG can be done in a few steps:
Due to regulatory requirements BBBank eG performs KYC/AML checks when establishing business relationships with a new client. While onboarding a private individual BBBank eG will ask him/her to provide the following documents: passport; proof of address. For corporate clients BBBank eG will ask to provide corporate documentation as well as information about controlling persons. BBBank eG may request additional documentation or information depending on the case.
In 2019 total assets of BBBank eG were 13 111,05 mln EUR. BBBank eG is the 4th largest cooperative bank in Germany (out of 839 cooperative banks) having market share of 1.35% amongst the banks of this category.
BBBank eG is rated by Fitch. Long-term credit rating assigned to the bank by Fitch is AA- (very high credit quality).
BBBank eG participates in the deposit guarantee scheme of Germany. This deposit guarantee scheme applies to all deposit accounts made by individuals, companies and covers up to up to 100,000 EUR per bank per depositor. BBBank eG is a member of BVR Institutssicherung GmbH and makes its contributions into it.
BBBank eG is located in Karlsruhe, Baden.
BBBank eG has profiles at the following social networks: