Dero Bank AG (formerly VEM Aktienbank AG)

Dero Bank AG (previously VEM Bank AG) was founded in Munich in 1997 and is an independent investment bank focused on supporting business development and growth of medium-sized companies with equity and debt transactions in the capital market.

Financials

Total Assets (2016)
34.08 mln EUR  (+10.30%)
Net Income (2016)
-8 643 477.43 EUR  (+13.37%)

Dero Bank AG is the 1551st 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 -8,64 mln EUR.

Dero Bank AG participates in deposit guarantee scheme of Germany. This scheme covers accounts up to 100 000 EUR per bank per depositor.

Contacts

Herzog-Wilhelm-Straße 26, 80331, München, Germany
33 07 05
http://www.derobank.de/

Dero Bank AG is headquartered in München.

Bank Identifiers

BIC (SWIFT)
VEAKDEMMXXX
MFI ID
DE05814

Financial Positions

Total Assets (2016)
34.08 mln EUR  (+10.30%)

In 2016 total assets of Dero Bank AG were 34.08 mln EUR. Growth compared to the previous period (2015) was 10.30%.

Profit and Loss

Net Income (2016)
-8 643 477.43 EUR  (+13.37%)

In 2016 net income of Dero Bank AG was -8 643 477.43 EUR. Growth compared to the previous period (2015) was 13.37%.

Market Share and Rank (among banks in Germany)

Total Assets (2016)
1551st (market share 0.00%)

In 2016 Dero Bank AG was ranked the 1551st largest bank in Germany in terms of total assets, having 0.00% of the domestic market share.

Market share of Dero Bank AG (among banks in Germany)

Chart 1. Market share of Dero Bank AG (among banks in Germany)

Several banks having the market shares and ranks closest to Dero Bank AG are shown below.

RankNameTotal AssetsMarket Share
1550Raiffeisenbank Vordersteinenberg eG36.50 mln EUR0.00%
1551Dero Bank AG34.08 mln EUR0.00%
1552Raiffeisenbank Gammesfeld eG31.67 mln EUR0.00%
 

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 Dero Bank 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

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 Dero Bank AG and its components are shown in the table below.

BIC  VEAKDEMMXXX
Bank BIC Code  VEAK
Country Code  DE (Germany)
Location Code  MM
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 Dero Bank AG is shown in the table below.

MFI ID  DE05814