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Bausparkasse Schwäbisch Hall AG is a building society in Germany, active abroad with subsidiaries in Eastern Europe and China.[2][3] It has more than 10 million customers.[4] 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.[5]

Bausparkasse Schwäbisch Hall AG
Corporation
IndustryBuilding society
Founded1931
HeadquartersSchwäbisch Hall, Germany
Total assets€68.3 billion (2017)[1]
Number of employees
13,625 (2017)[1]
Websitewww.schwaebisch-hall.de

The cooperative banks (Volksbanken und Raiffeisenbanken, Sparda-Bank, etc.) have around 11,000 branches and approximately 3,400 employees.[5]

Contents

HistoryEdit

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.[6]

Core business areas of the building society Schwäbisch HallEdit

  • Mortgage lending
  • Construction Financing
  • Cross selling
  • Foreign countries

Subsidiary companiesEdit

  • Schwäbisch Hall Kreditservice GmbH
  • Schwäbisch Hall Facility Management GmbH
  • Schwäbisch Hall Training GmbH

Key figuresEdit

Jahr 2018[7] 2017[8] 2016[9] 2015[10] 2014[11] 2013[12]
Customers (millions) 7,3 7,4 7,5 7,4 7,3 7,0
New mortgage loan business (€ bn) 28 29,2 35,0 31,1 36 32,8

ReferencesEdit

  1. ^ a b "Finanzbericht 2017" (PDF). Bausparkasse Schwäbisch Hall AG. Archived (PDF) from the original on 18 April 2018. Retrieved 2 September 2018.
  2. ^ "Bausparkasse Schwäbisch Hall schließt nichts aus". Stuttgarter Nachrichten. 21 January 2015. Archived from the original on 9 January 2016. Retrieved 2 September 2018.
  3. ^ "Sino-German Bausparkasse soll expandieren". FOCUS Online. 17 April 2017. Archived from the original on 14 July 2017. Retrieved 2 September 2018.
  4. ^ "Bausparkasse Schwäbisch Hall schließt nichts aus". Stuttgarter Nachrichten. 21 January 2015. Archived from the original on 8 June 2016. Retrieved 2 September 2018.
  5. ^ a b "Schwäbisch Hall ist mit 7,3 Mio. Kunden die größte Bausparkasse Deutschlands". Bausparkasse Schwäbisch Hall. Archived from the original on 12 August 2018. Retrieved 2 September 2018.
  6. ^ "Geschichte des Unternehmens". Bausparkasse Schwäbisch Hall AG. Archived from the original on 1 December 2017. Retrieved 2 September 2018.
  7. ^ "Schwäbisch Hall festigt starke Marktstellung". Bausparkasse Schwäbisch Hall AG. 10 April 2018. Retrieved 2 September 2018.
  8. ^ "Schwäbisch Hall sieht sich für die Zukunft gut gerüstet". Bausparkasse Schwäbisch Hall AG. 28 March 2017. Retrieved 2 September 2018.
  9. ^ "Schwäbisch Hall: So viele Kunden wie noch nie". Bausparkasse Schwäbisch Hall AG. 26 January 2016. Retrieved 2 September 2018.
  10. ^ "Finanzbericht 2015" (PDF). Bausparkasse Schwäbisch Hall AG. Archived (PDF) from the original on 5 July 2017. Retrieved 2 September 2018.
  11. ^ "Finanzbericht 2014" (PDF). Bausparkasse Schwäbisch Hall AG. Archived (PDF) from the original on 5 July 2017. Retrieved 2 September 2018.
  12. ^ "Geschäftsbericht 2013" (PDF). Bausparkasse Schwäbisch Hall AG. Archived (PDF) from the original on 5 July 2017. Retrieved 2 September 2018.

External linksEdit