Deutsche Kreditbank (DKB) is the second-largest direct bank in Germany with 4.5 million customers, fully owned by Bayerische Landesbank. In 2018 the company, with its parent company BayernLB, ranked 7th on the list of the biggest banks in Germany. 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. 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. In its closing balance on 30 June 1990, the bank's own funds amounted to 11 billion East German marks. More information...
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