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The Bank fuer Sozialwirtschaft AG

Founded in 1923 by the six major non-statutory welfare organisations in Germany, the Bank für Sozialwirtschaft AG (BFS) is a bank specialising in the social and health sectors and geared towards organisations and institutions in the cooperative, mutual and non-profit sector. As a bank with a general vocation, it offers in particular:

  • Payment transactions: current accounts, BFS-Online, Netbanking, Cash pooling, multipurpose account numbers system, web based fundraising tools.
  • Asset Management: saving accounts, fixed-term deposits, securities, special funds.
  • Lending: short-term overdraft facilities, long-term investment loans, Leasing, Factoring, trusted loans of the Federal Republic of Germany.

The main financing activities are concentrated in the social, educational and health projects and services, especially in:

  • Homes for the elderly,
  • Hospitals,
  • Facilities for the handicapped/ Sheltered workshops,
  • Facilities for the children- and youth welfare service,
  • Rehabilitation homes/ guest houses,
  • Facilities for the addict.


Furthermore, BFS offers consultancy services concerning banking, management and financing issues.

BFS is a non-quoted joint-stock company. The principal shareholders are still the six non-statutory welfare organisations in Germany: Workers Welfare Association, the German Red Cross, the German Caritas Association, the welfare services of the German Protestant Church, the Association of Non-affiliated Charities and the Central Welfare Agency of the Jews.

In 1997 BFS set-up an office in Brussels in order to assist customers implementing their European strategies. BFS Europa-Service offers individual consulting services. In addition, BFS offers an internet-based news system called EUFIS, which enables clients to get up-to-date information about EU funding possibilities as well as EU politics.

For more information please refer to www.sozialbank.de and www.eufis.eu.

CONTACTS

 
Bank für Sozialwirtschaft AG
Wörthstrasse 15-17
50668 Cologne
Germany
Tel: + 49 (0)221 97356 - 0
Fax: + 49 (0) 221 97356 463
Email : bfseu@sozialbank.de

 

 
Brussels Office:
Rue de Pascale 4-6
1040 Brussels / Belgium
Tel: + 32 (0) 280 27 76
Fax: + 32 (2) 280 27 78

 

FIGURES (31/12/09)

 
Capital :                     € 36,400,000

Total balance :           €  5,766,000,000

Employees :               305

Branches :                 15