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BBBank
The BBBank eG (formerly Badische Beamtenbank) is a German cooperative bank headquartered in Karlsruhe (Baden-Württemberg). With total assets of almost 11 billion Euros and over 470,000 members the bank is one of the biggest member banks in Germany.
The bank stands in the tradition of the Deutsche Beamtenbanken (German civil servant banks). For customers of the public sector there are specialists in the branches and the Direkt Bank. Since the end of the 1960s private persons of all professions can become members.
With over 130 branches the BBBank is the only cooperative retail bank that serves a nationwide business area. In areas where there is no local branch the bank can be accessed online via its Direkt Bank.
The business model of the BBBank is a low risk model that aims for sustainability. As a cooperative Institute no shareholder interests need to be taken into account. The bank can concentrate on the needs of customers who according to the statutes are also members and co-owners of the bank.
The BBBank is a member of CashPool and the Bankcard-Servicenetz (bank card service network).
On 12 November 1921 the BBBank was founded as a self-help facility for the public service in Karlsruhe. The Badische Beamten-Genossenschaftsbank eGmbH (Baden cooperative bank for civil servants), as the BBBank was called in those days, began operation on 1 January 1922 with 33 founding members in a small room in the House Nowackanlage 19. Already two years later the building on Waldstraße 1 was purchased, which to this day is part of the head office of the BBBank.
The Badische Beamtenbank emerged from the nationwide crisis in the 1920s: Almost out of nothing the postal inspector Gotthold Mayer together with a small group of colleagues formed a cooperative bank. The trigger was one of Gotthold Mayers colleagues who wanted to build a house but whose loan was not approved by his bank, which in those days was not unusual. Back then civil servants were not believed to be credit-worthy.
Gotthold Mayers ideas aimed toward giving civil servants the opportunity to invest the part of their salary they did not use instantly into safe and interest-bearing investments. All payment transactions were to be free of charge for all members. The innovation was to finance loans for civil servants through investments made by civil servants. Through this process a whole profession became credible which up to that point had only little opportunity to access loans. In addition, profits were to benefit the membership.
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BBBank
The BBBank eG (formerly Badische Beamtenbank) is a German cooperative bank headquartered in Karlsruhe (Baden-Württemberg). With total assets of almost 11 billion Euros and over 470,000 members the bank is one of the biggest member banks in Germany.
The bank stands in the tradition of the Deutsche Beamtenbanken (German civil servant banks). For customers of the public sector there are specialists in the branches and the Direkt Bank. Since the end of the 1960s private persons of all professions can become members.
With over 130 branches the BBBank is the only cooperative retail bank that serves a nationwide business area. In areas where there is no local branch the bank can be accessed online via its Direkt Bank.
The business model of the BBBank is a low risk model that aims for sustainability. As a cooperative Institute no shareholder interests need to be taken into account. The bank can concentrate on the needs of customers who according to the statutes are also members and co-owners of the bank.
The BBBank is a member of CashPool and the Bankcard-Servicenetz (bank card service network).
On 12 November 1921 the BBBank was founded as a self-help facility for the public service in Karlsruhe. The Badische Beamten-Genossenschaftsbank eGmbH (Baden cooperative bank for civil servants), as the BBBank was called in those days, began operation on 1 January 1922 with 33 founding members in a small room in the House Nowackanlage 19. Already two years later the building on Waldstraße 1 was purchased, which to this day is part of the head office of the BBBank.
The Badische Beamtenbank emerged from the nationwide crisis in the 1920s: Almost out of nothing the postal inspector Gotthold Mayer together with a small group of colleagues formed a cooperative bank. The trigger was one of Gotthold Mayers colleagues who wanted to build a house but whose loan was not approved by his bank, which in those days was not unusual. Back then civil servants were not believed to be credit-worthy.
Gotthold Mayers ideas aimed toward giving civil servants the opportunity to invest the part of their salary they did not use instantly into safe and interest-bearing investments. All payment transactions were to be free of charge for all members. The innovation was to finance loans for civil servants through investments made by civil servants. Through this process a whole profession became credible which up to that point had only little opportunity to access loans. In addition, profits were to benefit the membership.
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