Deutsche Apotheker- und Ärztebank

The Deutsche Apotheker- und Ärztebank eG (ApoBank, German bank for pharmacists and physicians) is a cooperative bank headquartered in Düsseldorf.

Deutsche Apotheker- und Ärztebank eG (Apobank)
Cooperative
IndustryCooperative banking
Founded1902
HeadquartersDüsseldorf, Germany
61,923,766.25 euro[1] (2017) 
Total assets45.3 Mio. Euro (2018)[2]
Members113.455 (2018)[2]
Number of employees
2.523 (2018)[2]
Websiteapobank.de

Structure

The Deutsche Apotheker- und Ärztebank is affiliated to the National Association of German Cooperative Banks (BVR).[3] It offers its services primarily to members of medical professions like physicians, dentists, psychotherapists and pharmacists, their relatives, professional associations of medical professions as well as company clients from the health care industry.

Organization

The Apobank has a five-person board of directors and a supervisory committee consisting of 23 members. The board of directors is supported by an advisory council.[4] In 2016, the cooperative had 107,000 members, 406,000 customers[5] and 2,563 staff members at 84 locations.[6]

History

In 1902 the Kredit-Verein Deutscher Apotheker (KREDA; credit union of German pharmacists) was founded in Danzig by 18 pharmacists. In 1938 it was renamed Deutsche Apothekerbank e.G.m.b.H. and in 1939 it merged with the Spar- und Kreditverein Deutscher Apotheker m.b.H. After the bank was closed in 1945 it was re-established in 1948 as Westdeutsche Apothekerbank e.G.m.b.H. in Düsseldorf. For years the bank has been the biggest german cooperative bank according to total assets.[7]

Annual financial statements

The financial crisis in 2008 and 2009 led to a massive slump of the net income.[8][9] After no dividend was distributed for the fiscal year 2009 the Apobank paid a dividend of 4% for the fiscal years 2010 to 2016.[4]

Awards

The Deutsche Aptheker- und Ärztebank awards the Karl-Winter-Medal.[10]

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References
  1. http://web.archive.org/web/20180824183441/https://www.apobank.de/content/dam/g8008-0/ueber_uns/investor_relations/berichte_und_publikationen/Finanzberichte/2017-JFB.pdf; retrieved: 24 August 2018.
  2. "Jahresfinanzbericht 2018" (PDF). deutsche apotheker- und ärztebank. 31 December 2018. Retrieved 5 December 2019.
  3. "Einlagensicherung". Deutsche Apotheker- und Ärztebank. Retrieved 15 June 2018.
  4. "Jahresfinanzbericht 2016" (PDF). Deutsche Apotheker- und Ärztebank. 2016. Retrieved 15 June 2018.
  5. "Halbjahreszahlen: Apobank mit durchwachsenem Ergebnis". Pharmazeutische Zeitung. 25 August 2016. Retrieved 15 June 2018.
  6. "Zahlen, Daten, Fakten der Kreditwirtschaft" (PDF). Bankenverband. December 2016. Retrieved 15 June 2018.
  7. "Deutsches Ärzteblatt 25/2002". Aerzteblatt. 21 June 2002. Retrieved 15 June 2018.
  8. Hollstein, Patrick (30 November 2009). "Apobank: Mitgliedern droht Nullrunde". APOTHEKE ADHOC. Archived from the original on 10 June 2015. Retrieved 15 June 2018.
  9. Hock, Martin (18 October 2009). "Anleger nehmen Herabstufung gelassen". Frankfurter Allgemeine. Retrieved 15 June 2018.
  10. "Geehrt" (PDF). DEUTSCHES ÄRZTEBLATT. 15 August 1991. Retrieved 15 June 2018.

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