Dero Bank AG

Anna MileikoCreated by Anna Mileiko

Dero Bank AG Logo

Address

Herzog-Wilhelm-Straße 26, 80331, München, Germany

BIC

VEAKDEMMXXX

Overview

Category

Commercial banks

Business Focus

capital markets services

Dero Bank AG (previously VEM Bank AG) was founded in Munich in 1997. Dero Bank AG was an independent investment bank focused on supporting business development and growth of medium-sized companies with equity and debt transactions in the capital market. On February 08, 2018, BaFin issued a ban on the sale and payment of Dero Bank AG due to impending balance sheet overindebtedness. On February 13, 2018, BaFin filed an application for the opening of insolvency proceedings against Dero Bank.

Performance

In 2016, Dero Bank AG achieved the position of 1554th largest bank in Germany with a market share of 0.00%; its total assets grew by 10.30%.

Deposit Protection

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

Financials

Total Assets of Dero Bank AG
Net_income of Dero Bank AG
Market Share of Dero Bank AG
Total Assets (2016)
34.08 mln EUR   (+10.30%)
Net Income (2016)
-1,019,090.74 EUR   (+11.91%)

Dero Bank AG was the 1554th largest bank in Germany in terms of total assets. In 2016 its total assets were 34,08 mln EUR, providing the bank with the market share of 0.00%. In 2016 the bank's net income was -1,02 mln EUR.

Deposit Guarantee

Guarantee Fund
Entschädigungseinrichtung deutscher Banken GmbH (EdB)Entschädigungseinrichtung deutscher Banken GmbH (EdB)
Protected Amount
up to 100,000 EUR
Eligible Depositors
individuals
companies
Covered Accounts
all deposit accounts

Dero Bank AG participates in the deposit guarantee scheme of Germany which applies to all deposit accounts made by individuals, companies and covers up to up to 100,000 EUR per bank per depositor. Dero Bank AG is a member of Entschädigungseinrichtung deutscher Banken GmbH (EdB) and makes its contributions into it.

See Also

Contacts

addressHerzog-Wilhelm-Straße 26, 80331, München, Germany
po box33 07 05
websitehttp://www.derobank.de/

Dero Bank AG was headquartered in München.

Bank Identifiers

BIC (SWIFT)
VEAKDEMMXXX
LEI
529900PFF9X64CHQBB08
MFI ID
DE05814

Bank History

Close Date
July 2018
Previous Name
VEM Aktienbank AG
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