Fürst Fugger Privatbank Explained

Fürst Fugger Privatbank
Former Name:Friedl & Dumler GmbH
Type:AG
Location:Augsburg, Germany
Industry:Financial services
Products:Retail banking and commercial banking serving the Swabia region
Num Employees:141

Fürst Fugger Privatbank is a small German regional bank in Augsburg, founded in 1954 and mainly serving the Swabia region of Bavaria, with 141 employees. Its name references the historical Fugger banking house that ceased to exist in the 17th century, but the companies have no relation.

History

Fürst Fugger Privatbank was founded when Friedrich Carl Fürst Fugger-Babenhausen acquired the small bank Friedl & Dumler GmbH in 1954. However, the bank only received its current name in 1994.[1] Since 1999, Fürst Fugger Privatbank has been majority owned by the Nürnberger Versicherungsgruppe insurance company, although prince Hubertus Fugger-Babenhausen still holds a stake. He also owns the Fuggerhäuser in Augsburg, where the bank has its main seat.

External links

Notes and References

  1. Web site: Die junge Privatbank blickt auf eine lange Vergangenheit - Einst galten die Augsburger als die reichste Familie der Welt: Die Fugger auf der Suche nach dem alten Glanz.