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Finances

Finances

FrankfurtRheinMain has at its center an internationally-renowned place of banks and stock exchanges and is also home of the German States Bank since 1957 and the European Central Bank since 1998. Major banks and credit institutes as well as foreign institutes, market research institutions and information specialists are among the more than 400 companies which have settled in the metropolitan region.

If you compare the metropolitan region with other Digital Hub regions, the differences of the contributions to the gross domestic product of a state are quite noticeable. If you regard the GDP contributions of the regions per head, you see that many European metropolises are on the same level. The metropolis London has a total higher GDP per head; the part of the TechCity is comparable to the level of FrankfurtRheinMain. Asiatic metropolises have a higher GDP per head than European’s because of the younger commercial development.

The metropolitan region FrankfurtRheinMain became the leading site of finance in Europe due not only to the settlement of the European Central Bank but due also to its high concentration of companies for financial services, and is now one of the most important financial markets. The top position of Frankfurt am Main is characterized by the strong sector of financial services, the largest European stock exchange, the international orientation of the city and as the location of European supervisory authorities. More than 100,000 people have been employed in financial services in Frankfurt in 2012.

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