Capital for ideas
There is more to financial services than just providing loans and negotiating building savings and loan contracts and insurance policies. At times of rapidly expanding markets of the future from the fields of biotechnology, nanotechnology or new materials, new financial service products are essential for young companies with thin equity cover. At the same time, investors are providing ever-increasing sums of money for venture capital. As the leading location for financial service providers with its broad range of insurance companies, banks, venture capitalists, leasing companies and asset managers, Bavaria is well equipped to meet these challenges.
Bavaria – top in financial services
In Germany, Munich is
- the No. 1 insurance location,
- the No. 2 center for banking,
- a top address for asset management,
- the location for venture capital and leasing.
Munich is the most valuable financial center. Measured in terms of market capitalization, the Munich DAX Index already carries much more weight than that of Frankfurt.
Financial services in Bavaria
The financial center of Bavaria and Munich bears the stamp of a particularly dynamic development: while the added value of the whole Bavarian economy increased by nearly 30 percent between 1991 and 2004, the value created by the Bavarian financial sector (loans and insurance) climbed by over 53 percent.
Market and partners at the financial center of Bavaria
The “Munich Financial Center Initiative“ (MFCI) brings together high-ranking representatives from the fields of loans, insurance, venture capital companies, Bayerische Börse AG, chambers and trade associations as well as from the world of science.
The Initiative focuses on the following areas in particular:
- bundling the activities undertaken at the financial center
- location marketing
- representing the interests of the financial center, in particular vis-Ã -vis the federal authorities and the EU
- networking financial economy and public finances, promoting educational and research facilities
- ensuring the provision of capital to companies, and in particular to small and medium-sized enterprises
- further developing the Munich Stock Exchange
A key aspect of MFCI is its bilingual Internet website with financial center logo, information about the financial center and a calendar giving an overview of dates/events of relevance to the financial center.
Attractive research environment for financial services
With a total of 83 professorships, the Bavarian universities and universities of applied sciences offer first-class opportunities for research in the field of “Finance“.
Well-qualified workforce for financial services
With 158,000 employees working in the banking sector and 87,000 in insurance, the industry is one of the biggest employers in the State.
A number of different universities offer the dual system of teaching – where the valuable combination of theory and practice facilitates the parallel pursuit of studies and apprenticeships. In the further education sector, specific Master degree courses are offered.
Information material
In the company database “Key Technologies in Bavaria“ you will find information on financial service providers operating in Bavaria.
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