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Bank Management

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1.2 Basic Structure of the German <strong>Bank</strong>ing<br />

System<br />

1.2.2 Universal <strong>Bank</strong>s<br />

d) 3-Säulen-Modell – Comparison of the<br />

Private Kreditbanken Sparkkassensektor<br />

explicit li it profit fit maximization i i ti public bli cont t ttract: t promotion ti of f the th<br />

objectives<br />

members of the<br />

Genossenschaft:<br />

shareholder or<br />

stakeholder approach<br />

promotion of thriftiness and<br />

wealth acccumulation<br />

social obligation of credit supp ply for the<br />

supply of better and more<br />

property<br />

population of the particular<br />

region<br />

convenient products<br />

social manndat<br />

implicit economic power p<br />

arrea-wide<br />

provision p of banking g services<br />

objectives<br />

and regional competition<br />

Prof. Dr. Hans-Peter Burghof, University of Hohenheim, <strong>Bank</strong> <strong>Management</strong><br />

Sectors<br />

profit<br />

Genossenschaftliche<br />

Kreditinstitute<br />

provision of banking<br />

services<br />

15

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