German Commercial Bank blockchain

Until the second half of the 1990s, the German commercial bank, founded in 1870, followed the wave of all-round banks sweeping the world, continuously expanded the scope of corporate business, and entered the business fields of SME financing, real estate finance, corporate finance, securities trading, private banking, asset management, etc. Among them, the innovation of SME financing business is unique
first, innovate bank customer relationship and financial procts. In order to expand SMEs' customers, German commercial banks set up a full-time manager team for SMEs' customers to help banks transform the procts originally oriented to large enterprises' customers into procts suitable for SMEs' needs. For example, according to the customer demand feedback from the customer manager, in order to make the SME customers get the same convenience as the direct financing in the capital market, the German commercial bank has lowered the threshold of bill financing business - the original bill financing is only applicable to large customers and transactions above 20 million euros, and the new bill financing will be applicable to transactions with the amount of 500000 to 5 million euros. In addition, we also designed and developed a multi bank fund management system for small and medium-sized enterprises. In addition to basic cash settlement and fund management services, the system also graally increased instrial information, news and stock market information release, and cooperated with some external institutions to provide other value-added services
Second, we should actively change our role from "lender" to "loan broker". While expanding customer channels, German commercial banks are also expanding the sources of loan funds. With the full help of the government and external cooperation, in 2003, German Commercial Bank launched an activity of "active loan" for small and medium-sized enterprises, established a small and medium-sized enterprise loan fund, and cooperated with other banks to provide loans to small and medium-sized enterprises. In addition, in order to rece the asset burden, German commercial banks also tried to sell SME financing bills in the form of securitization. In 2006, they securitized the first batch of 400 SME financing bills (with a sales scale of 10 million and 50 million euros), and later sold the convertible bonds of SMEs with a total amount of 200 million euros
after the passage of securitization was blocked, German commercial banks began to expand the channel of syndicated loans. In 2008, the banks' Association for finance and trade (baft) passed a new agreement, which simplifies the proceres for banks to share the risks of trade financing and makes it possible for banks to cooperate in trade financing. Under this agreement, in 2008, German commercial banks issued a letter of credit with a total amount of 1 billion euros, and then gave full play to the ability of structured financing to "distribute" most of the risks
through securitization, syndicated loan arrangement and credit risk distribution, German commercial banks have changed their role from a pure fund provider to a loan intermediary, which not only helps SMEs customers obtain more sources of funds, but also helps other banks and investors approach SMEs, identify risks and find opportunities
Third, innovate the intermediary business of small and medium-sized enterprises. The uncertainty of business operation of small and medium-sized enterprises determines the high risk of business operation. In addition to changing the role of lender, German commercial banks also innovate intermediary business of small and medium-sized enterprises to rece risks and improve profits
fourthly, in addition to the traditional corporate business, German commercial banks also provide interest rate, exchange rate risk management procts and annuity procts for SMEs through their commerzinvest. In 2001, it further established a subsidiary, pensor pensionsfonds AG, to provide low-cost simplified annuity services for small and medium-sized enterprises. In the financial crisis of 2007 and 2008, the awareness of risk management of enterprises has been strengthened, and the demand for risk management procts and services has increased significantly, which has become an important means for German commercial banks to stabilize their performance in adverse market
fifthly, the in-depth contact with SMEs has also won many investment banking business opportunities for German commercial banks other than direct loans. In 2005, the IPO of Conergy AG, as the main underwriter of German commercial bank, was rated as the best SME financing in Europe. In 2008, the company underwroted Manz automation, Roth & amp; Co., Ltd., a renewable energy company; Rau, solar millennium, Fresenius and IFM Immobilien Ag became the only IPO in Germany that year - SMA Solar Technology AG's main underwriting bank
sixth, in addition to issuing and underwriting, German commercial banks have also launched innovative corporate financial services for small and medium-sized enterprises, including M & A, asset securitization, structured M & A financing and structured tax-free procts
in 2003, aiming at the problem of high debt ratio of small and medium-sized enterprises, German commercial bank set up a subsidiary to provide mezzanine financing service, which is a compound financing combination of asset mortgage financing and equity related financing. The financing period is longer than that of ordinary bank loans, which is 57 years to meet the capital demand of growing small and medium-sized enterprises. In addition, the company has also set up four financial engineering teams to design financing structure for small and medium-sized enterprises. In this year, the company completed 10 mergers and acquisitions with the help of structured financing arrangements
seventh, German commercial banks break through the tradition in financing small and medium-sized enterprises and innovate leasing financing business. In 2004, German commercial banks expanded their equipment leasing business to the field of financial leasing to help small and medium-sized enterprises realize off balance sheet financing. The scope of leased items includes machinery and equipment, means of transportation, it systems, and even intellectual property rights and other intangible assets. Since then, German commercial banks have introced online leasing for small businesses. In the financial crisis, enterprises chose leasing more than purchasing, and the scale of equipment leasing business increased by 17% against the market

German commercial banks have business in more than 50 countries all over the world, and more than 20% of their loan business comes from overseas. Following its acquisition of Dresden bank, the second largest bank in Germany, in 2008, German commercial banks have the most intensive branch network among German private banks, with the number of branches reaching 1200. In Poland, Commerzbank also owns 70% of Bre bank, Poland's third largest financial institution. In 2010, German commercial banks turned losses into profits and achieved the best performance over the years, with a profit of 1.4 billion euros
the German commercial bank was established in Hamburg in 1870 and has a history of 50 years in Asia. It established a Beijing Representative Office in China in 1981, opened branches in Shanghai and Beijing in 1994 and 1997 respectively, and further opened Tianjin Branch in 2009. In October 2010, the RMB business of Beijing Branch was approved. At present, Shanghai is the Asia Pacific headquarters of German commercial bank's corporate banking business

the main reason for the layoffs of German commercial banks is that they hope to cut costs substantially through tough austerity plans German commercial banks hope that by 2024, the cost will be reced by 1.4 billion euros, equivalent to 10.9 billion yuan. As the economic downturn and low interest rate environment affect the income of banks, many foreign banks are now implementing pay cuts or layoffs. European banks are the hardest hit areas for layoffs. Many banks have disclosed plans to lay off 63500 people, accounting for about 82% of the total number of layoffs. This trend of layoffs has little impact on business in China

the rapid development of financial technology and artificial intelligence should be said to be a major trend of the times. Of course, COVID-19's global spread and economic activities have been completely suspended. All walks of life have been greatly impacted, not only by the large commercial banks such as Germany, but also by some internationally renowned large enterprises. Even suffered a disaster and went bankrupt. The total number of job cuts announced by banks around the world has reached 73400, 86% of which are from Europe. Like Deutsche Bank, in order to strategically rece its size, it has plans to replace some of the 18 thousand employees' layoffs with robots. Insiders say that the banking sector will employ fewer employees to earn more money in the future. The machine will take over the lower value task . It seems that even if there is no new crown epidemic, artificial intelligence replaced by artificial machines represent the general trend. strong>