Deutsche Apotheker- und Ärztebank

Deutsche Apotheker- und Ärztebank eG (Apobank)
Company typeCooperative
IndustryCooperative banking
Founded1902
HeadquartersDüsseldorf, Germany
61,923,766.25 Euro (2017) Edit this on Wikidata
Total assets45.3 Mio. Euro (2018)[1]
Members113.455 (2018)[1]
Number of employees
2,523 (2018)[1]
Websiteapobank.de

The Deutsche Apotheker- und Ärztebank eG (ApoBank, German bank for pharmacists and physicians) is a cooperative bank headquartered in Düsseldorf.

Apobank 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.[2][3]

Structure

The Deutsche Apotheker- und Ärztebank is affiliated to the National Association of German Cooperative Banks (BVR).[4] It offers its services primarily to members of medical professions like physicians, dentists, psychotherapists and pharmacists, their relatives, professional associations of medical professions as well as company clients from the health care industry.

Organization

The Apobank has a five-person board of directors and a supervisory committee consisting of 23 members. The board of directors is supported by an advisory council.[5] In 2016, the cooperative had 107,000 members, 406,000 customers[6] and 2,563 staff members at 84 locations.[7]

History

In 1902 the Kredit-Verein Deutscher Apotheker (KREDA; credit union of German pharmacists) was founded in Danzig by 18 pharmacists. In 1938 it was renamed Deutsche Apothekerbank e.G.m.b.H. and in 1939 it merged with the Spar- und Kreditverein Deutscher Apotheker m.b.H. After the bank was closed in 1945, it was re-established in 1948 as Westdeutsche Apothekerbank e.G.m.b.H. in Düsseldorf. For years the bank has been the biggest German cooperative bank according to total assets.[8]

Annual financial statements

The financial crisis in 2008 and 2009 led to a massive slump of the net income.[9][10] After no dividend was distributed for the fiscal year 2009 the Apobank paid a dividend of 4% for the fiscal years 2010 to 2016.[5]

Awards

The Deutsche Aptheker- und Ärztebank awards the Karl-Winter-Medal.[11]

References

  1. ^ a b c "Jahresfinanzbericht 2018" (PDF). deutsche apotheker- und ärztebank. 31 December 2018. Retrieved 5 December 2019.
  2. ^ "The list of significant supervised entities and the list of less significant institutions" (PDF). European Central Bank. 4 September 2014.
  3. ^ "List of supervised entities" (PDF). European Central Bank. 1 January 2023.
  4. ^ "Einlagensicherung". Deutsche Apotheker- und Ärztebank. Archived from the original on 22 August 2017. Retrieved 15 June 2018.
  5. ^ a b "Jahresfinanzbericht 2016" (PDF). Deutsche Apotheker- und Ärztebank. 2016. Retrieved 15 June 2018.
  6. ^ "Halbjahreszahlen: Apobank mit durchwachsenem Ergebnis". Pharmazeutische Zeitung. 25 August 2016. Retrieved 15 June 2018.
  7. ^ "Zahlen, Daten, Fakten der Kreditwirtschaft" (PDF). Bankenverband. December 2016. Retrieved 15 June 2018.
  8. ^ "Deutsches Ärzteblatt 25/2002". Aerzteblatt. 21 June 2002. Retrieved 15 June 2018.
  9. ^ Hollstein, Patrick (30 November 2009). "Apobank: Mitgliedern droht Nullrunde". APOTHEKE ADHOC. Archived from the original on 10 June 2015. Retrieved 15 June 2018.
  10. ^ Hock, Martin (18 October 2009). "Anleger nehmen Herabstufung gelassen". Frankfurter Allgemeine. Retrieved 15 June 2018.
  11. ^ "Geehrt" (PDF). DEUTSCHES ÄRZTEBLATT. 15 August 1991. Retrieved 15 June 2018.

51°14′40″N 6°44′13″E / 51.244552°N 6.73686°E / 51.244552; 6.73686

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