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Germany

Who we are

Germany at a glance

Germany is a country with a rich history, culture and economy located in Europe. It has a population of approximately 83 million people and is divided into 16 states or Bundesländer, each with its government and constitution. The largest states in terms of population are North Rhine-Westphalia, Bavarian and Baden-Württemberg. Berlin is the capital city.

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Banking

There are approximately 1363 financial institutions operating in Germany, with some of the largest being Deutsche Bank, Commerz Bank, KFW Bank Group and Unicredit Bank. The central bank of Germany is Deutsche Bundesban.
Website: www.bundesbank.de
Phone: +49 69 9566-0
Address: Postfach 10 06 02, 60006 Frankfurt am Main, Germany

Peer-to-Peer Lending Regulations

P2P lending is regulated by BaFin in Germany. It is responsible for supervising and regulating various financial activities, including P2P lending platforms, to ensure consumer protection, market integrity and financial stability.
Website: https://www.bafin.de,
email: poststelle@bafin.de
Phone:+49 228 41080

Financial Regulators

The banking sector is highly regulated by the Federal Financial Supervisory Authority (BaFin), which is responsible for supervising and regulating the activities of banks, insurance companies and financial service providers. BaFin also regulates online-only banks and other financial service providers.

Small Claims Procedure

Small claims in Germany are handled by the “Amtsgericht” or the “Landgericht” depending on the amount claimed. The maximum amount that can be claimed in the “Amtsgericht” court is €5,000, while the maximum amount that can be claimed in the “Landgericht” court is €50,000.

Competitor Information

The major competitors actively issuing credit in Consumer Lending are Giromatch(https://www.giromatch.com )and Auxmoney(https://www.auxmoney.com)