The Association of Banks in Hesse (Bankenverband Hessen e. V.), founded in 1947, is the professional association of private banks operating in the state of Hesse with their registered office in Frankfurt am Main.
The association has 112 members which employ a total of around 39,000 employees and include big banks, regional banks, mortgage banks, private bankers and branches of almost all major foreign banks.
Expanding and enhancing the importance of Frankfurt am Main as a financial centre is the main focus of the association’s work. It organises discussion forums to promote the exchange of ideas among its member banks. It also cooperates closely with other associations on issues of common interest and discusses issues of industry-wide relevance.
The association represents the interests of its members to lawmakers and public authorities in Hesse and to the general public. Through constructive input to economic policy initiatives in Hesse, it seeks to help establish suitable framework conditions for sustainable economic development in the state.
The Frankfurt School of Finance & Management and the House of Finance of Johann Wolfgang Goethe University are supported with targeted donations. Through its participation in Bürgschaftsbank Hessen GmbH and MBG H Mittelständische Beteiligungsgesellschaft Hessen mbH, the association is actively involved in supporting start-ups and innovation financing.
Membership is open to all banks which are organised in a private legal form and have a full banking licence. Mortgage banks and German branches of comparable foreign financial institutions may also become members if they have their registered office or a branch office in the state of Hesse.
Application for membership must be made in writing.
Further prerequisites are recognition of the association’s articles of association and those of the Association of German Banks (Bundesverband deutscher Banken e. V.), the signing of the conventions and agreements concluded by the central associations of the German banking industry to regulate payment transactions between their affiliated banks, and participation in the Deposit Protection Fund of the Association of German Banks unless the by-laws of the Deposit Protection Fund grant exemption from participation.