Financial Centre Munich

The Munich metropolitan area is one of the most important financial centres in Europe. Compared to Frankfurt am Main, the focus is on the insurance industry. With over 100 insurance companies, Munich is the largest insurance centre in Germany and one of the world’s leading ones. Among others, Allianz and Munich Re, which are both part of the ten largest insurance companies in the world, have their headquarters in the Bavarian metropolis. But the banking sector is also of enormous importance, with 160 resident banks and around 122,000 employees. The banks represented include Hypo- und Vereinsbank, Bayern LB and Baader Bank, as well as a large number of other major German and foreign banks. Traditionally, Munich’s banks are particularly strong in the mortgage business and have recently lent over EUR 520 billion a year.

Historically, Munich has also played a pioneering role in ETFs, total return bonds and asset management companies such as MEAG, WEGA Invest, DJE Asset Management, Isar Holding and Discover Capital. More than EUR 1 trillion is managed in Munich, which is a top global figure. The Munich Stock Exchange was founded in 1830 and has been explicitly promoting investment in medium-sized companies with the market segment m:access since 2005. In total, more than 20,000 shares, bonds and funds from more than 60 countries are traded on the stock exchange alongside more than 1200 ETFs and ETCs.

Bavaria is also a leading region in the IT-, medical- and bio-technology sectors. The Bavarian state capital is easy to reach from all over the world with Germany’s second largest airport. And apart from beer, breweries and pretzels, Munich also has a lot to offer in terms of culture, landscape and sports – so a visit is always worth it.