The collection of financial institution branches within the north continues to lower: ultimate 12 months there have been best 72 credit score establishments in Hamburg and Schleswig-Holstein. The Bundesbank introduced this to the German Information Company. That used to be 28 p.c fewer institutes than ten years in the past (2014: 100 institutes in general).
Information
Finance – Regulation – Taxes – Insurance coverage: Banks Obligatory department community: Deutsche Publish more and more depends on blank ATMs Chance of injuries: Government warn of maximum black ice after the beginning of wintry weather
In 2024, there have been nonetheless 33 credit score establishments in Hamburg and 39 in Schleswig-Holstein. Six years in the past (2019), there have been 39 in Hamburg and 47 in Schleswig-Holstein. The decline is much more drastic in comparison to 2014: ten years in the past there have been nonetheless 44 banks and financial savings banks in Hamburg. In 2014, there have been 56 in Schleswig-Holstein.
More than a few causes for the decline of the department community
Consistent with statistics, regional banks and different credit score banks, in addition to credit score cooperatives, are maximum strongly represented in Hamburg. In Schleswig-Holstein, financial savings banks and credit score unions are the most important team of credit score establishments.
The explanations for the pointy decline within the department community are numerous: consistent with the Bundesbank, this construction displays “the impact of digitization on sales channels due to the increased use of online banking, as well as cost-cutting measures in a challenging competitive environment.”
© dpa-infocom, dpa:251204-930-377350/2
