Barclays Bank in Germany operates as a subsidiary of the London-based Barclays Bank PLC, with around 48 million customers in over 50 countries, one of the largest banking groups in the world. In Germany, the history of the bank dates back to the 1920s.
Barclays’ business in Germany is divided into the following main areas:
- Personal & Corporate
- Barclaycard
- The investment bank
- The private customer business
Barclays Barclaycard with almost 1.3 million credit cards issued in the meantime risen to number three among credit card issuers in Germany.
Through innovative products and comprehensive services have succeeded in the Barclaycard brand in Germany to establish itself as a permanent fixture among credit card issuers. In the area of credit cards with revolving credit functions, the company has a market share of 34 percent since the market leader in Germany. With this type of credit card customers have the option to individually decide whether they want to pay back their card sales in full or in part.
By offering installment loans Barclaycard Germany has entered another business area in May 2008. This consumer loans are characterized by attractive conditions and fair award criteria and are targeted specifically also to self-employed customers. Installment loan customers of Barclaycard benefit from great flexibility: the credit agreement may be canceled for eight weeks for free and without stating reasons. With credit cards and installment loans, Barclaycard offers its customers complimentary products for even more financial flexibility.
Corporate banking
Barclays Germany offers a comprehensive product portfolio of commercial and investment banking services to business customers, including leading German companies, international corporations, and financial institutions. These include the range of financing and risk management, M & A advisory services and all services in equities – offered by Barclays Capital. Barclays Capital was in recent years one of the fastest organically growing investment banks in the world.