TARGOBANK a subsidiary Crédit Mutuel, a French cooperative bank. TARGOBANK provides retail banking products and services. The bank's is focused on reliable advice and simple, attractive products. TARGOBANK distributes its products via different channels - branches, phone, Internet.
In 2017 total assets of TARGOBANK AG were 16 972,37 mln EUR. In 2017 the bank's net income was 0,00 EUR.
TARGOBANK AG participates in deposit guarantee scheme of Germany. This scheme covers accounts up to 100 000 EUR per bank per depositor.
Crédit Mutuel (France)TARGOBANK AG is a member of Crédit Mutuel (France).
TARGOBANK AG is headquartered in Düsseldorf.
TARGOBANK AG provides services in the area of retail banking. The range of products offered by TARGOBANK AG includes credit cards, current accounts, savings accounts (0.01 - 2.00 %), time deposit accounts (0.00 - 1.25 %), consumer loans (2.45 - 8.99 %), car loans (2.45 - 2.95 %), trading accounts.
Current accounts are non-interest bearing deposit accounts that are used to perform day-to-day banking transactions. Current accounts are often offered with a payment card (a debit card and/or a credit card) and may also include overdraft possibility. Annual costs of having a current account (also known as account management fees) can depend on monthly income input to the account or amount of money deposited into the account.
Current accounts made with TARGOBANK AG are covered by deposit guarantee scheme of Germany up to 100 000 EUR per depositor. The following current accounts are offered by TARGOBANK AG.
Updated on 22 February 2019
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Savings accounts are interest-bearing deposits accounts which allow to withdraw money at any time. While providing more flexibility, savings accounts usually offer lower interest rates and shorter deposit terms than time deposit accounts.
Savings accounts made with TARGOBANK AG are covered by deposit guarantee scheme of Germany up to 100 000 EUR per depositor. TARGOBANK AG offers the following savings accounts.
Updated on 22 February 2019
GermanyGermanyGermanyGermanyGermany: This product is offered to German residents only. When clicking on the product link you will be redirected to the product page in German.
Time deposits accounts are interest-bearing deposit accounts offering higher interest rates than savings accounts. However the money deposited to such account cannot be withdrawn for a specified period of time (term).
Time deposit accounts made with TARGOBANK AG are covered by deposit guarantee scheme of Germany up to 100 000 EUR per depositor. TARGOBANK AG offers the following time deposit accounts.
Updated on 22 February 2019
GermanyGermanyGermanyGermanyGermanyGermanyGermanyGermanyGermanyGermany: This product is offered to German residents only. When clicking on the product link you will be redirected to the product page in German.
Credit cards provide a convenient option to borrow funds for short-term financing, for examples purchasing of goods and services. Credit cards differ by credit card provider (Visa, American Express, MasterCard), credit card type (silver, gold, platinum), charged interest and annual costs. The following credit cards are offered by TARGOBANK AG.
Updated on 22 February 2019
Germany
GermanyGermany: This product is offered to German residents only. When clicking on the product link you will be redirected to the product page in German.
Consumer loans are secured or unsecured (i.e., backed or non-backed by a collateral) loans provided to retail customers for personal, family, or household purposes or for purchase of goods and services. In terms of repayment, consumer loans can be revolving (when a credit limit can be spent, repaid and spent again) or installment (such a loan is repaid in equal installments until the loan is paid off at the end of its term). Consumer loans offered by TARGOBANK AG are shown in the table below.
Updated on 22 February 2019
GermanyGermanyGermanyGermanyGermanyGermanyGermanyGermanyGermanyGermanyGermanyGermanyGermanyGermanyGermany: This product is offered to German residents only. When clicking on the product link you will be redirected to the product page in German.
Car loans are secured or unsecured (i.e., backed or non-backed by a collateral) installment loans provided to retail customers for the purpose of buying a new or used car. Used cars purchased privately are often financed through unsecured loans, while new cars are financed via secured loans with the car used as the loan collateral. Car loans offered by TARGOBANK AG are shown in the table below.
Updated on 22 February 2019
GermanyGermanyGermanyGermany: This product is offered to German residents only. When clicking on the product link you will be redirected to the product page in German.
Trading accounts are used to execute trade transactions involving buying and selling various financial instruments, for example, stocks, bonds, futures and options. Trading accounts can hold both cash and securities.
Trading accounts made with TARGOBANK AG are covered by investor compensation scheme of Germany up to 20 000 EUR per investor. Trading accounts offered by TARGOBANK AG are shown in the table below.
Updated on 22 February 2019
GermanyGermany: This product is offered to German residents only. When clicking on the product link you will be redirected to the product page in German.
| Total Assets (2017) |
|---|
| 16 972.37 mln EUR (+11.01%) |
In 2017 total assets of TARGOBANK AG were 16 972.37 mln EUR. Growth compared to the previous period (2016) was 11.01%. The evolution of the total assets of TARGOBANK AG is shown at Chart 1 below.
Chart 1. Total Assets of TARGOBANK AG.
| Net Income (2017) |
|---|
| 0.00 EUR |
In 2017 net income of TARGOBANK AG was 0.00 EUR. The value didn't change compared to the previous period (2016). The evolution of the net income of TARGOBANK AG is shown at Chart 2 below.
Chart 2. Net Income of TARGOBANK AG.
| Total Assets (2016) |
|---|
| 56th (market share 0.22%) |
In 2016 TARGOBANK AG was ranked the 56th largest bank in Germany in terms of total assets, having 0.22% of the domestic market share.
Chart 3. Market share of TARGOBANK AG (among banks in Germany)
Several banks having the market shares and ranks closest to TARGOBANK AG are shown below.
| Rank | Name | Total Assets | Market Share |
|---|---|---|---|
| 55 |  Stadtsparkasse München | 17623.16 mln EUR | 0.25% |
| 56 |  TARGOBANK AG | 15288.78 mln EUR | 0.22% |
| 57 |  Deutsche Bank Bauspar-Aktiengesellschaft | 14224.87 mln EUR | 0.20% |
| 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 TARGOBANK AG 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 |
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 TARGOBANK AG and its components are shown in the table below.
| BIC | CMCIDEDDXXX |
| Bank BIC Code | CMCI |
| Country Code | DE (Germany) |
| Location Code | DD |
| Branch Code | XXX |
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 TARGOBANK AG is shown in the table below.
| MFI ID | DE03288 |
TARGOBANK AG operates under the brand name TARGOBANK. This banking brand has presence in the following European countries and selected dependent territories of the European countries:
TARGO Commercial Finance AG (Mainz a Rhein)(this bank) TARGOBANK AG (Düsseldorf)
