Deutsche Factoring Bank Deutsche Factoring GmbH & Co.

Deutsche Factoring Bank is focuced on providing factoring solutions. In 2016 the shares of Deutsche Factoring Bank were acquired by Deutsche Leasing Group and the factoring activities already belonging to Deutsche Leasing Group Universal Factoring and Deutsche Factoring Bank were merged under the umbrella of Deutsche Leasing.

Deutsche Factoring Bank Deutsche Factoring GmbH & Co. participates in deposit guarantee scheme of Germany. This scheme covers accounts up to 100 000 EUR per bank per depositor.

Deutsche Factoring Bank Deutsche Factoring GmbH & Co. is a member of Sparkassen-Finanzgruppe (Germany).

Contacts

Langenstraße 15 - 21, 28195, Bremen, Germany
10 63 60

Deutsche Factoring Bank Deutsche Factoring GmbH & Co. was headquartered in Bremen.

Bank Identifiers

BIC (SWIFT)
DFABDE21XXX
MFI ID
DE00221
Close Date
July 2016

Deposit Guarantee

Deposit Guarantee
Yes (up to 100 000 EUR per depositor)

Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.

All credit institutions operating in Germany are obliged to participate in German deposit guarantee scheme.

In the case of Deutsche Factoring Bank Deutsche Factoring GmbH & Co. failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Covered Accounts  all deposit accounts (deposits on current accounts and savings accounts, overnight money or time deposits, registered savings bonds, and similar)
Covered Currencies  EU currencies
Maximum Protected Amount  100 000 EUR
Paid In Currency  EUR

Further Information

BIC

BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.

A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).

BIC of Deutsche Factoring Bank Deutsche Factoring GmbH & Co. and its components are shown in the table below.

BIC  DFABDE21XXX
Bank BIC Code  DFAB
Country Code  DE (Germany)
Location Code  21
Branch Code  XXX

MFI ID

MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.

The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.

MFI ID of Deutsche Factoring Bank Deutsche Factoring GmbH & Co. is shown in the table below.

MFI ID  DE00221