The PSD Bank Group is the oldest group of direct banks in Germany, that today consists of 15 independently operating cooperative banks (Berlin-Brandenburg, Brunswick, Hessen-Thüringen, Hanover, Karlsruhe-Neustadt, Kiel, Koblenz, Cologne, Munich, Germany, Lower Bavaria, Upper Palatinate, North, Nuremberg, RheinNeckarSaar, Rhine-Ruhr, Westphalia-Lippe). A central service company and the association of PSD banks are based in Bonn.
The Bank serves approximately 1.23 million customers with 1,950 employees.