TARGOBANK AG

Targobank, based in Düsseldorf, Germany, was founded in 1926 as Handelsbank in Duisburg before it was renamed Targobank in 2010. It operates as a commercial bank, serving retail and business customers throughout Germany. As of 2021, its headquarters are located in Düsseldorf, North Rhine-Westphalia. The bank offers a diverse range of financial products and services. Its primary offerings include consumer loans, personal loans, mortgages, savings accounts, current accounts, credit cards, insurance services, and investment products. Targobank also provides online and mobile banking services to cater to the evolving needs of its customers. Although Targobank mainly operates within Germany, it is a subsidiary of Crédit Mutuel, one of France's largest cooperative banks. This partnership has allowed Targobank to benefit from Crédit Mutuel's extensive resources and expertise. In terms of market position, Targobank is considered one of the leading banks in Germany and a significant competitor in the financial services industry. While precise global sales figures are not readily available, Targobank has been able to expand its customer base and increase its market share within Germany, thanks to its comprehensive product offerings and customer-centric approach. Over the years, Targobank has witnessed several notable events and achievements. In 2008, the bank was acquired by the French Crédit Mutuel and subsequently rebranded as Targobank in 2010 to reflect its new ownership. This change strengthened its position as a trusted financial institution in Germany. Targobank has consistently focused on enhancing its customer experience and digitalization efforts to remain competitive in the fast-changing banking landscape. As of the latest available information, Targobank continues to operate successfully, providing reliable financial services to its customers. While specific updates may vary, the bank remains committed to innovation and adapting to the evolving needs of its customers, aiming to maintain its strong market position in the German banking sector.