CRONBANK AG (Germany) - Bank Profile

Address

Hans-Strothoff-Platz 1, 63303, Dreieich, Germany

BIC

GENODE51CRO

Overview

Business Focus

direct retail banking

Founded in 1998, CRONBANK is a young, innovative bank, operating as a direct bank, without brick-and-mortar branches. CRONBANK provides retail and corporate banking products and services to individuals and business clients. CRONBANK is focused on supporting medium-sized retailers and craft stores.

Performance

In 2022, CRONBANK AG achieved the position of 665th largest bank in Germany with a market share of 0.01%; its total assets grew by 1.83%.

Deposit Protection

Deposits up to 100,000 EUR are covered by German deposit guarantee scheme in CRONBANK AG.

Market Share (#665 in Germany)

Ratios

RoA

0.29%

L/D

113.36%

Services

retail banking

corporate banking

insurance

Clients

natural persons

businesses

Area Served

Germany

Products

current accounts

savings accounts

time deposit accounts

business current accounts

business loans

project financing

International Transfers

SWIFT Transfers

SEPA Credit Transfers

SEPA Instant Transfers

SEPA Direct Debits

SEPA Direct Debits B2B

Account Opening

Becoming a client of CRONBANK AG can be done in a few steps:

Completely online

Account is ready within a few minutes

Account opening procedure is usually completed within a few minutes.

Ways to Bank

CRONBANK AG delivers its products and services via direct (online) channels only, namely:

online banking

mobile app

Financials

Total Assets (2022)

1,202.53 mln EUR (+1.83%)

Net Income (2022)

3.48 mln EUR (+26.55%)

CRONBANK AG ranks as the 665th largest bank in Germany by total assets. In 2022 its total assets were 1,202.53 mln EUR, representing a 0.01% market share. In 2022 the bank's net income was 3.48 mln EUR.

Deposit Guarantee

Protected Amount

up to 100,000 EUR

Guarantee Fund

Entschädigungseinrichtung deutscher Banken GmbH (EdB)

Covered Accounts

all deposit accounts

Eligible Depositors

individuals
companies

CRONBANK 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.