Deutsche Kreditbank

From Wikipedia, the free encyclopedia
Deutsche Kreditbank AG
Founded19 March 1990
Key people
Stefan Unterlandstättner (CEO), Tilo Hacke, Thomas Jebsen, Alexander von Dobschütz, Jan Walther

Deutsche Kreditbank (DKB) is the second-largest direct bank in Germany with 4.5 million customers, fully owned by Bayerische Landesbank.[1][2][3] In 2018 the company, with its parent company BayernLB, ranked 7th on the list of the biggest banks in Germany.[4]

The bank is located in Berlin and its infrastructure consists of a small number of branches. The focus on a selected group of customers including retail clients, business clients, and public clients are part of the bank's corporate.


Old logo

Deutsche Kreditbank was founded on March 19, 1990 as the first private bank in East Germany, and was set up as a stock corporation. One of the founders was Edgar Most, the last vice president of the Staatsbank (State Bank of the GDR). The share capital was held by the Staatsbank of the GDR, the Verband deutscher Konsumgenossenschaften, the Interhotels, the nationally owned Centrum Warenhaus, and VEB Synthesewerk Schwarzheide. On 1 April 1990, the bank began operations in the GDR with an opening balance of 286.5 billion East German marks. From the onset, Deutsche Kreditbank covered a broad spectrum of services, from business to retail customers.[5] In its closing balance on 30 June 1990, the bank's own funds amounted to 11 billion East German marks.[6]

On June 21, 1990 the debits of the Staatsbank were endorsed on DKB,[7] and DKB's shares that were owned by the Staatsbank were transferred to the Treuhandanstalt. In the following years, the Treuhandanstalt bought the remaining shares from the founding shareholders until the beginning of 1993, when it became the sole owner of the DKB.

The majority of the deposit-taking business (especially corporate and retail banking), as well as a number of branch buildings and locations, were taken over by Dresdner Bank and by Deutsche Bank in the course of the currency union, and ran under Dresdner Bank Kreditbank AG and Deutsche Bank Kreditbank AG until 1991. According to the report of the Bundesrechnungshof (Federal Audit Office), the buyers received access to the branches, the customer base, and buildings of the GDR banks for preferential prices. Deutsche Bank subsequently took possession of shares of DKB including 112 branch offices for 310 million marks. A subsidiary of Dresdner Bank paid 87,3 million Deutsche marks for 41 properties, including buildings that were formerly owned by DKB. A subsidiary of Deutsche Bank bought 74 properties for 164,4 million Deutsche marks. The auditors of the Bundesrechnungshof considered these "unreasonable low purchase prices".[8]

When the Treuhandanstalt was closed on December 31, 1994, DKB was briefly owned by the Federal Ministry of Finance until the bank was sold to BayernLB on January 31, 1995.

Corporate structure[edit]

DKB building in Berlin

The bank runs 26 branch offices throughout Germany. The property subsidiary DKB Grund Gmbh is based in 15 of these locations.[9]

On January 1, 2008 DKB took over the Miles & More-Credit Card which was previously issued by BayernLB in cooperation with Lufthansa.[10]

At the end of March 2012 DKB Immobilien AG was sold to TAG Immobilien AG.[11]

Since June 14, 2015 SKG Bank has no longer been an independent stock company, but a branch and brand of DKB.


DKB regularly issues its own stocks on the capital market. In 2016 the volume of the shares on the market amounted to 10 billion Euro.[12] The rating agency Moody's Corporation rated DKB's bonds Aaa, and its naked bonds A2. In 2016 DKB issued its first so-called Green Bond with a volume of 500 million Euro.[13] This bond was positively rated by the sustainability rating agency oekom research (Second Party Opinion). In addition, the DKB Green Bond received a certification label from the Climate Bond Initiative (CBI).


The bank's best-known product is the Girokonto (account) DKB Cash. Other products and services on offer are private real estate financing, brokerage services, installment credits, and savings products.

The bank only runs a small number of ATMs but offers its customers free use of other ATMs. Since June 2016 the bank has charged fees for using ATMs in countries outside of the EU.[14]

Since June 2014 DKB has collaborated with PayPal and offers its customers access to all their PayPal transactions via the DKB online banking portal.[15]

DKB's focus is on the digitalization of banking. Since 2013 the bank has worked on this goal with respective service companies and fintechs such as Berlin-based FinReach for account changing services, Cringle for P2P-transactions via its smartphone app, and WebID Solutions for video identification procedures. The technology underlying the DKB banking app, with which customers can photograph, submit, and pay their bills, was designed by Gini.

Since December 8, 2014 DKB has offered existing clients pushTAN and chipTAN, two alternative options to the iTan procedure.[16]

Financial figures[edit]

DKB building in Schwerin

Since 2005 DKB has provided consolidated financial statements. Since 2006 the International Financial Reporting Standards have been applied to the bank's billing processes.[17]

Annual report Billing Total assets
in million €
before taxes in million €
Retail clients Retail clients-
2008 IFRS 48.119 -21[18] 1.520.000 117% 1.267
2009 IFRS 50.832 113[19] 1.828.000 20% 1.738
2010 IFRS 55.183 165[20] 2.101.000 15% 1.558
2011 IFRS 60.756 150[21] 2.312.000 10% 1.780
2012 IFRS 66.761 223,4 2.589.729 12% 1.713
2013 IFRS 68.722 156,8 2.849.933 10% 1.748
2014 IFRS 71.587 150,5 3.071.434 8% 2.832
2015 IFRS 73.428 236,0 3.250.968 6% 2.937
2016 IFRS 76.522 331,2[22] 3.518.055 8% 3.016
2017 IFRS 74.626 113,3[23] 3.639.186 3,5 % 3.300

Board of directors[edit]

The board of directors is currently made up of 16 shareholders and employee representatives:[24]

Shareholder representatives

  • Stephan Winkelmeier (chairman)
  • Bernd Fröhlich
  • Stefan Höck
  • Michael Huber
  • Marcus Kramer
  • Ulrich Netzer
  • Markus Wiegelmann
  • Edgar Zoller

Employee representatives

  • Bianca Häsen (vice chairman)
  • Michaela Bergholz (labor union representative)
  • Carsten Birkholz
  • Christine Enz (labor union representative)
  • Jörg Feyerabend
  • Jens Hübler
  • Maria Miranov
  • Frank Radtke


These persons have previously had a mandate in the bank:[25]

  • Gerhard Gribkowsky, board of directors from April 3, 2007 until April 10, 2008
  • Michael Kemmer, chairman of board of directors from March 1, 2008 until December 14, 2009, before member from April 3, 2007
  • Siegfried Naser, board of directors from March 9, 2007 until June 30, 2009
  • Franz Josef Pschierer, board of directors from February 24, 2009 until March 24, 2009
  • Werner Schmidt, chairman of board of directors from March 8, 2006 until March 1, 2008, before vice chairman
  • Günther Troppmann, chairman of board of directors from March 1, 1996 until December 31, 2012, before (since March 1, 1995) full member of board of directors


Sponsored Biathlete Tatsumi Kasahara

To focus on its socially impactful activities, DKB founded DKB Foundation for Social Engagement (DKB Stiftung für gesellschaftliches Engagement) in October 2004. The foundation runs heritage-protected sites such as Schloss Liebenberg.[26] Since 2002 the bank has supported German top athletes, sports clubs, and leagues.[27] Athletes from the local winter sports and athletic sports club come together to form the DKB team. In Berlin the bank is a sponsoring partner of the sports teams Hertha BSC, Alba Berlin, Eisbären Berlin, Füchse Berlin, and Berlin Recycling Volleys.

Since 2007 the bank has had naming rights for the Oberhofer biathlon stadium, the DKB-Ski-Arena. Until 2009 DKB was the main sponsor for ISTAF Berlin (athletics) and name sponsor for DKB-Riders Tour (show jumping). Since the 2012/2013 season DKB has been the naming sponsor of the Handball-Bundesliga and the 1. FFC Turbine Potsdam women's football club.

In 2017 the bank bought the exclusive live broadcasting rights of the 2017 World Men's Handball Championship for Germany after various negotiations by internet providers and TV channels with the rights owner beIN Media Group failed. The championship matches of the Germany men's national handball team were broadcast live via internet. It was the first time in Germany that a major sports event was broadcast by a single sponsor.[28] Over the duration of the event, over 6 million visits to the website were recorded.[29]


Since 2016, DKB has reported its annual sustainability activities according to the "Deutschen Nachhaltigkeitskodex (DNK)" guidelines.[30]


  1. ^ "DKB melkt Geschäftskunden – und erhöht von 0 auf 15 Euro". 8 February 2021. Retrieved 2021-02-20.
  2. ^ "Commerzbank-Tochter Comdirect gewinnt Kunden, hat aber ein Problem". Handelsblatt. Retrieved 2019-08-31.
  3. ^ "BayernLB erhöht Risikovorsorge stark". Retrieved 2021-01-17.
  4. ^ "BayernLB Geschäftsbericht 2018 Konzernabschluss" (PDF). BayernLB. 2018.
  5. ^ Troppmann, Günther (2010). "Die Deutsche Kreditbank – Die Entwicklung einer Bank, die aus dem Osten kommt". Deutschland 20 Jahre nach dem Mauerfall. Springer. pp. 133–139. doi:10.1007/978-3-8349-8569-9_9. ISBN 978-3-8349-1527-6. Retrieved 16 December 2019.
  6. ^ "Eigenmittel der Banken der DDR zum 1. Juli 1990" (PDF). Deutscher Bundestag. 1 March 1993. Retrieved 16 December 2019.
  7. ^ "Die Entstehung der sogenannten Altschulden in der DDR und ihre Abwicklung durch die Bundesregierung". Deutscher Bundestag. 26 June 1996. Retrieved 17 December 2017.
  8. ^ Liebecke, Helga-Helena (July 2014). "Das Phantom der DDR-"Altschulden"". RotFuchs. Retrieved 28 December 2017.
  9. ^ "Unsere Standorte". Deutsche Kreditbank Grund GmbH. Retrieved 29 December 2017.
  10. ^ "Die neue Generation der Lufthansa Miles & More Credit Card". Deutsche Lufthansa. 22 November 2007. Archived from the original on 27 March 2008. Retrieved 29 December 2017.
  11. ^ "Die Deutsche Kreditbank, DKB". Top10Finanz. Retrieved 29 December 2017.
  12. ^ "Investor Relations". Deutsche Kreditbank. Retrieved 1 January 2018.
  13. ^ "Green-Bond-Programm". Deutsche Kreditbank. Retrieved 1 January 2018.
  14. ^ "Preis- und Leistungsverzeichnis" (PDF). Deutsche Kreditbank. Retrieved 1 January 2018.
  15. ^ Hacke, Tilo (3 June 2014). "Deutsche Kreditbank kooperiert mit PayPal". Direktbanken. Archived from the original on 5 June 2014. Retrieved 1 January 2018.
  16. ^ "DKB führt pushTAN- und chipTAN-Verfahren ein". BankingCheck. 14 October 2014. Retrieved 1 January 2018.
  17. ^ "Archiv". Deutsche Kreditbank. Retrieved 4 January 2018.
  18. ^ "Geschäftsbericht 2008" (PDF). Deutsche Kreditbank. Retrieved 4 January 2018.
  19. ^ "Geschäftsbericht 2009" (PDF). Deutsche Kreditbank. Retrieved 4 January 2018.
  20. ^ "Geschäftsbericht 2010" (PDF). Deutsche Kreditbank. Retrieved 4 January 2018.
  21. ^ "Geschäftsbericht 2011" (PDF). Deutsche Kreditbank. Retrieved 4 January 2018.
  22. ^ "Geschäftsbericht 2016" (PDF). Deutsche Kreditbank. Retrieved 4 January 2018.
  23. ^ "Zahlen & Fakten". Deutsche Kreditbank. 30 June 2017. Retrieved 4 January 2018.
  24. ^ "§ 19 Bekanntmachung der Mitglieder des Aufsichtsrats". buzer. 24 April 2015. Retrieved 4 January 2018.
  25. ^ "Halbjahresfinanzbericht". Bundesanzeiger. Retrieved 4 January 2018.
  26. ^ "Die DKB Stiftung für gesellschaftliches Engagement". Deutsche Kreditbank Stiftung. Archived from the original on 26 December 2017. Retrieved 4 January 2018.
  27. ^ "Wir geben alles für die, die alles geben". Deutsche Kreditbank. Retrieved 4 January 2018.
  28. ^ "Rettung für Handball-WM: Sponsor der deutschen Mannschaft zeigt Spiele live im Internet". FOCUS Online. 5 January 2017. Retrieved 4 January 2018.
  29. ^ "DKB gewinnt Deutschen Preis für Onlinekommunikation". zweitewelle. 9 June 2017. Retrieved 4 January 2018.[permanent dead link]
  30. ^ "Entsprechenserklärung: Deutsche Kreditbank AG (DKB AG)" (PDF).

External links[edit]