Degussa Bank

Degussa Bank AG was a universal bank headquartered in Frankfurt am Main. It was an innovative worksite bank with unique combination of special terms and conditions for employees on one hand and personal counselling on the other hand. It provided a wide range of financial services to both private and business customers. It offered current and savings accounts, personal and mortgage loans, credit cards, corporate cards, phone and online banking, advisory services, investments as well as securities and brokerage services. It also offered a large variety of insurance products including household insurance, content insurance, travel insurances and auto insurance. In 2002, Degussa Bank was acquired by ING-DiBa AG, the German direct bank owned by ING Group. In December 2006, ING sold Degussa Bank to a German investment group consisting of private bank MM Warburg & Co and various private investors. The company was established in 1873. It served more than 170,000 customers through a network of about 250 locations and 4,000 ATMs across Germany and employed about 750 staff. As at December 31, 2016, it had EUR 5.3 billion in total assets, EUR 4.718 billion in customer deposits and EUR 3.348 billion in loans.

Head office address:
Theodor-Heuss-Allee 74
Frankfurt am Main, 60486
Germany
Phone: +49 69 3600 5555
Fax: +49 69 3600 2770
SWIFT/BIC code: DEGUDEFFXXX
Website: www.degussa-bank.de (no longer in service)

Last updated: December 7, 2017

Degussa Bank AG no longer exists as a separate institution. Oldenburgische Landesbank AG (OLB) completed its acquisition of the bank on April 30, 2024, taking on about 311,000 retail customers, and stated that it intended to conclude the technical and legal migration on August 30, 2024 and to merge Degussa Bank into OLB with retroactive effect from January 1, 2024. OLB has itself been part of TARGO Deutschland GmbH, and thereby of Crédit Mutuel Alliance Fédérale, since January 2026.

The head office and contact details above are those of the former bank. The address www.degussa-bank.de no longer serves a site: the www host does not resolve and the degussa-bank.de domain accepts no HTTP or HTTPS connection (checked September 2026).