section_path: Infrastructure/Banking system
section_name: Banking system
paragraph_text: Banking system
  
  Seven German banks are among the biggest in the world. As of 2019, Germany is the country in Europe with the highest number of credit institutions: between 1,600 and 1,800. The types of institutions are in strong competition with each other: 390 Sparkassen and 8 public Landesbanken groups (1,200 billion euros of deposits), private commercial banks (DB, Commerzbank, and Unicredit - HypoVereinsbank, for 780 billion), cooperative credit banks (700 billion euros), savings banks, and Raiffeisen. The total of the system is worth 3,800 billion. 75% of retail customer deposits are managed by savings banks and cooperative credit banks. Deutsche Bank and the Sparkassen-Finanzgruppe are among the biggest financial services groups worldwide.
  
  According to Eurostat, in 2022 Germany also recorded the highest European rate of gross savings (19.98% of disposable income).
  
  Seven German banks are among the biggest in the world. As of 2019, Germany is the country in Europe with the highest number of credit institutions: between 1,600 and 1,800. The types of institutions are in strong competition with each other: 390 Sparkassen and 8 public Landesbanken groups (1,200 billion euros of deposits), private commercial banks (DB, Commerzbank, and Unicredit - HypoVereinsbank, for 780 billion), cooperative credit banks (700 billion euros), savings banks, and Raiffeisen. The total of the system is worth 3,800 billion. 75% of retail customer deposits are managed by savings banks and cooperative credit banks. Deutsche Bank and the Sparkassen-Finanzgruppe are among the biggest financial services groups worldwide.
  
  According to Eurostat, in 2022 Germany also recorded the highest European rate of gross savings (19.98% of disposable income).
  
  Seven German banks are among the biggest in the world. As of 2019, Germany is the country in Europe with the highest number of credit institutions: between 1,600 and 1,800. The types of institutions are in strong competition with each other: 390 Sparkassen and 8 public Landesbanken groups (1,200 billion euros of deposits), private commercial banks (DB, Commerzbank, and Unicredit - HypoVereinsbank, for 780 billion), cooperative credit banks (700 billion euros), savings banks, and Raiffeisen. The total of the system is worth 3,800 billion. 75% of retail customer deposits are managed by savings banks and cooperative credit banks. Deutsche Bank and the Sparkassen-Finanzgruppe are among the biggest financial services groups worldwide.
  
  According to Eurostat, in 2022 Germany also recorded the highest European rate of gross savings (19.98% of disposable income).