Press releases

April 16, 2019

German Banking Industry Committee: EU banking package major contribution to stabilising European financial sector

The European Parliament today adopted the so-called ‘banking package’ broadly amending cornerstones of banking regulation. It implements Basel Committee rules (Basel III) at European level. These concern, among other things, the introduction of the net stable funding ratio (NSFR) for banks and the availability of sufficient ‘bail-in-able’ financial instruments in the event that banks are resolved.
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March 14, 2019

MiFID II is driving customers away from the capital markets

The German Banking Industry Committee (GBIC) has studied the impact of the European Markets in Financial Instruments Directive (MiFID II). Professor Stephan Paul of Ruhr University Bochum interviewed around 3,000 customers and over 150 banks in Germany on behalf of GBIC.
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March 12, 2019

Cooperative banks generate a healthy profit before taxes of €6.4 billion and further expand their market share in the customer business

The German local cooperative banks, Sparda banks, PSD banks, and cooperative specialized institutions achieved a profit before taxes of €6.4 billion in 2018 thanks to steady net interest income and an increase in net fee and commission income. The year under review saw gains in market share in the lending and deposit-taking business, the growth of cooperative network business with the entities in the Cooperative Financial Network, and capital expenditure on digitalization. The number of banks fell by 40 to 875 as a result of mergers.
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