Bausparkasse Schwäbisch Hall Explained

Bausparkasse Schwäbisch Hall AG
Type:Corporation
Industry:Building society
Foundation:16 May 1931[1]
Location:Schwäbisch Hall, Germany
Assets:€68.3 billion [2]
Num Employees:13,625

Bausparkasse Schwäbisch Hall AG (pronounced as /de/) is a building society in Germany, active abroad with subsidiaries in Eastern Europe and China.[3] [4] It has more than 10 million customers.[5] Shareholders are the cooperative central bank DZ Bank (96.8 percent) in Frankfurt am Main and around 600 cooperative banks. The building society has its headquarters in the city of Schwäbisch Hall in Baden-Württemberg.[6]

It is part of the German Cooperative Financial Group which has around 11,000 branches and approximately 3,400 employees.

History

Today's Bausparkasse Schwäbisch Hall AG was founded in 1931 in Cologne as a German building society AG, construction savings and debt relief fund by members of the local Chamber of Crafts. After the transfer of the business office to Berlin in 1936, the German Central Cooperative Fund and most of the Central Commercial Funds participated in the company, which was meanwhile called Gesellschaft für zweitstelligen Grundkredit, Deutscher Bausparer Aktiengesellschaft. In 1941 the Volksbanks followed, since then it was called Bausparkasse der deutschen Volksbanken.

The company headquarter was bombed out in 1943, 1944 the operation together with the rescued business documents was moved to Schwäbisch Hall. The decision to retain this city as a corporate seat was made in 1947. At that time the creation of new housing was important, which was promoted from 1952 with the housing subsidy by the state. Since the conversion into the common mortgage lending institute of the Volksbanks and the Raiffeisenverband in 1956, the enterprise bears the name Bausparkasse Schwäbisch Hall AG. 1970 the last name changes to Bausparkasse Schwäbisch Hall AG, Bausparkasse der Volksbanken und Raiffeisebanken took place.

As a result of the fall of the Berlin Wall, the company was able to extended its business to the new federal states in 1990. The legal change in the year 1991 caused that for the first-time own holding companies could be established abroad. Branches in Luxembourg and France and subsidiaries in Slovakia, the Czech Republic, Romania, Hungary and the China were founded.[7]

Bausparkasse Schwäbisch Hall has been designated as a Significant Institution since the entry into force of European Banking Supervision in late 2014, and as a consequence is directly supervised by the European Central Bank.[8] [9]

Core business areas of the building society Schwäbisch Hall

Subsidiary companies

Key figures

Jahr2018[10] 2017[11] 2016[12] 2015[13] 2014[14] 2013[15]
Customers (millions)7,37,47,57,47,37,0
New mortgage loan business (€ bn)2829,235,031,13632,8

External links

49.1133°N 9.7472°W

Notes and References

  1. https://www.schwaebisch-hall.de/unternehmen/ueber_uns/geschichte_des_unternehmens.html
  2. Web site: Finanzbericht 2017 . Bausparkasse Schwäbisch Hall AG . https://web.archive.org/web/20180418225738/https://www.schwaebisch-hall.de/content/dam/dambsh/unternehmen/dokumente/geschaeftsbericht/Finanzbericht%20nach%20IFRS_2017.pdf . 18 April 2018 . live . 2 September 2018 .
  3. Web site: Bausparkasse Schwäbisch Hall schließt nichts aus . 21 January 2015 . Stuttgarter Nachrichten . https://web.archive.org/web/20160109074617/http://www.stuttgarter-nachrichten.de/inhalt.bauspar-altvertraege-bausparkasse-schwaebisch-hall-schliesst-nichts-aus.c61e8586-d68c-4cfd-9552-1474174c79fa.html . 9 January 2016 . live . 2 September 2018 .
  4. Web site: Sino-German Bausparkasse soll expandieren . 17 April 2017 . FOCUS Online . https://web.archive.org/web/20170714102944/http://www.focus.de/immobilien/interhyp/sino-german-bausparkasse-schwaebisch-hall-wittert-das-grosse-geschaeft-mit-geduldigen-chinesen_id_6971576.html . 14 July 2017 . live . 2 September 2018 .
  5. Web site: Bausparkasse Schwäbisch Hall schließt nichts aus . 21 January 2015 . Stuttgarter Nachrichten . https://web.archive.org/web/20160608155630/http://www.bankingcheck.de/banken/bausparkasse-schwaebisch-hall . 8 June 2016 . live . 2 September 2018 .
  6. Web site: Schwäbisch Hall ist mit 7,3 Mio. Kunden die größte Bausparkasse Deutschlands . Bausparkasse Schwäbisch Hall . https://web.archive.org/web/20180812182818/https://www.schwaebisch-hall.de/unternehmen/unternehmensportraet/kurzportraet.html . 12 August 2018 . live . 2 September 2018 .
  7. Web site: Geschichte des Unternehmens . Bausparkasse Schwäbisch Hall AG . https://web.archive.org/web/20171201033039/https://www.schwaebisch-hall.de/unternehmen/unternehmensportraet/geschichte-des-unternehmens.html . 1 December 2017 . live . 2 September 2018 .
  8. Web site: European Central Bank . The list of significant supervised entities and the list of less significant institutions . 4 September 2014 .
  9. Web site: European Central Bank . List of supervised entities . 1 January 2023 .
  10. Web site: Schwäbisch Hall festigt starke Marktstellung . 10 April 2018 . Bausparkasse Schwäbisch Hall AG . 2 September 2018 . 2 September 2018 . https://web.archive.org/web/20180902082623/https://newsroom.schwaebisch-hall.de/presseinformationen/schwaebisch-hall-festigt-starke-marktstellung/ . dead .
  11. Web site: Schwäbisch Hall sieht sich für die Zukunft gut gerüstet . 28 March 2017 . Bausparkasse Schwäbisch Hall AG . 2 September 2018 . 2 September 2018 . https://web.archive.org/web/20180902082623/https://newsroom.schwaebisch-hall.de/presseinformationen/schwaebisch-hall-sieht-sich-fuer-die-zukunft-gut-geruestet/ . dead .
  12. Web site: Schwäbisch Hall: So viele Kunden wie noch nie . 26 January 2016 . Bausparkasse Schwäbisch Hall AG . 2 September 2018 . 2 September 2018 . https://web.archive.org/web/20180902082623/https://newsroom.schwaebisch-hall.de/presseinformationen/schwaebisch-hall-so-viele-kunden-wie-noch-nie/ . dead .
  13. Web site: Finanzbericht 2015 . Bausparkasse Schwäbisch Hall AG . https://web.archive.org/web/20170705071532/https://www.schwaebisch-hall.de/content/dam/dambsh/unternehmen/dokumente/geschaeftsbericht/Finanzbericht%20nach%20IFRS_2015.pdf . 5 July 2017 . live . 2 September 2018 .
  14. Web site: Finanzbericht 2014 . Bausparkasse Schwäbisch Hall AG . https://web.archive.org/web/20170705071748/https://www.schwaebisch-hall.de/content/dam/dambsh/unternehmen/dokumente/geschaeftsbericht/Finanzbericht%202014_Schwaebisch%20Hall.pdf . 5 July 2017 . live . 2 September 2018 .
  15. Web site: Geschäftsbericht 2013 . Bausparkasse Schwäbisch Hall AG . https://web.archive.org/web/20170705071910/https://www.schwaebisch-hall.de/content/dam/dambsh/unternehmen/dokumente/geschaeftsbericht/Gesch%C3%A4fstbericht%202013.pdf . 5 July 2017 . live . 2 September 2018 .

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